Companies

Maruti Suzuki India

New sedans help offset slump in small car sales

NEW DELHI (NewsRise) -- Maruti Suzuki India, India's largest carmaker, posted a 6.4% gain in August sales, helped by new mid-size vehicles such as the Ciaz that offset weak demand for its mainstay of compact cars. Total sales at the Suzuki Motor ...

  • Growth investment

    Hitachi Metals beefing up capacity for aircraft components

    TOKYO -- Hitachi Metals will spend 15 billion yen ($122 million) to expand its domestic production capacity for aircraft components made of special alloys, as part of efforts to sharpen focus on the high-growth field. In March the company set up ...

  • Siliconware Precision Industries

    Foxconn, ASE tussle for control

    TAIPEI -- Foxconn Technology Group and ASE Group are locked in a struggle to control Siliconware Precision Industries (SPIL), a key competitor to ASE in integrated circuit packaging, the final stage in manufacturing semiconductors. All three comp...

  • Expansion into related fields

    Condo builder Haseko plans shareholder equity boost to fund growth

    TOKYO -- Condominium builder Haseko plans to expand shareholder equity to around 200 billion yen ($1.63 billion) by the fiscal year ending March 2017, amassing funds for acquisitions and other growth investments. Shareholder equity, which totaled...

  • Blast's fallout

    Tianjin explosion hampers supplies of hepatitis-B drug in Japan

    TOKYO -- British drugmaker GlaxoSmithKline has announced that the explosion that rocked Tianjin, China, on Aug. 12 has strained its supply of a hepatitis-B treatment marketed in Japan. GlaxoSmithKline holds sales rights for Tenozet in Japan and C...

  • India probe

    Watchdog sniffs Google

    MUMBAI -- After a three-year probe, Indian anti-trust investigators have accused U.S. Internet company Google of abusing its dominant position in the search results and advertising services it provides. The investigation arm of the Competition Co...

  • New leader

    KEB Hana Bank becomes South Korea's largest on launch

    SEOUL -- Hana Financial Group holdings Hana Bank and Korea Exchange Bank merged Tuesday, creating a new leader in South Korea's banking sector. The newly launched KEB Hana Bank has 299 trillion won ($256 billion) in assets based on figures from t...

  • Brand strengthening

    Chat app operator Daum Kakao to rename itself Kakao

    SEOUL -- South Korea's Daum Kakao will change its name to Kakao, the messaging app provider said Tuesday. The company was born last October via a merger of Daum Communications and Kakao. The former operated the search engine Daum and the latter t...

  • Hong Kong retail concerns

    Shoe seller Belle International shares fall on cutback reports

    HONG KONG -- Belle International Holdings, a major women's shoe retailer in China, saw its shares plunge Tuesday on reports that the company has scaled back operations in Hong Kong. The stock sank 3.3% at one point to 6.85 Hong Kong dollars (88 c...

  • Consumer robots

    Hon Hai's success with Pepper humanoid a matter of molding

    YANTAI, China -- Hon Hai Precision Industry, the world's largest contract electronics manufacturer makes Pepper, SoftBank Group's humanoid robot, at its Yantai plant in China's Shandong Province. With Pepper, Hon Hai, also known as Foxconn, has beco...

  • Foxconn cancels investment plan in Indonesia - Kontan

    JAKARTA (Reuters) -- Taiwan's Foxconn Technology Group, the world's biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber. ...

  • Expanding fast

    Japan's Oji kicking Myanmar output into gear

    YANGON -- Oji Holdings on Monday marked the completion of its first production base in Myanmar as the Japanese paper company set its sights on expansion in the Southeast Asian country. The roughly $15 million facility sits in the Mingaladon Indus...

  • Investor trust

    Shares solid for China's state-owned banks despite tepid profits

    HONG KONG -- Shares of China's four state-controlled banks remain firm even as their earnings are not so impressive. Investors apparently feel comfortable buying them. The Industrial and Commercial Bank of China, China Construction Bank, Agricult...

  • Self-driving cars

    Pioneer tech gives vehicles gift of sight

    TOKYO -- Pioneer has developed an inexpensive laser-based 3-D measurement system for self-driving cars that's designed to serve as the vehicles' eyes. The lidar 3-D measurement systems currently being tested by the likes of Google can be as expen...

  • Asian banking sector

    Japanese ATM operator eyes Chinese expansion

    TOKYO -- ATM Japan will team up with China Minsheng Bank to monitor and service automated teller machines in the Chinese market, slashing repair times to provide more convenient access to banking. The duo will form a joint venture in November, wi...

  • More time for sponsors

    Skymark postpones management changeover by a month

    TOKYO -- Bankrupt budget carrier Skymark Airlines will delay installing its new management structure until late September to give sponsors time for internal consensus building, sources said. The Japanese airline's creditors approved a proposal Au...

  • Digging for even more dirt

    Toshiba whistleblowers prompt another reporting delay

    TOKYO -- Toshiba has postponed releasing fiscal 2014 results for a second time now that voices within the industrial conglomerate have made new claims of improper accounting beyond that already disclosed. The unusual repeat delay -- Toshiba's fis...

  • Sany, Zoomlion

    Sluggish market hits profits at Chinese construction machinery makers

    SHANGHAI -- Two major Chinese construction machinery manufacturers reported steep earnings declines for the January-June half Monday amid a market slump. Beijing-based Sany Heavy Industry's net profit plunged 72.9% year on year to 443 million yua...

  • Easing traffic jams

    Toyota giving Thai park-and-rides a try

    BANGKOK -- Toyota Motor will offer park-and-ride facilities on an experimental basis in Thailand, aiming to buoy new-car sales here through the seemingly counterintuitive means of getting people to drive less. Commuters to and from work will pay ...

  • Evergrande Real Estate

    Chinese residential developer's 1st-half profit rises 40%

    HONG KONG -- Evergrande Real Estate Group, a major Chinese property developer, on Monday said its net profit rose 40% on the year in the six months through June, to 13.29 billion yuan ($2.09 billion). The jump was mainly thanks to increased sales...