Companies

Honda will become the first Japanese automaker to set up a nationwide recycling network.

Honda plans battery recycling network as hybrids take off

TOKYO -- Honda Motor will soon begin collecting and recycling lithium-ion batteries used in its hybrid vehicles across Japan, tackling a waste problem that is growing with interest in eco-friendly cars.The Japanese automaker plans to obtain by the sp...

  • ChemChina to take 40 pct stake in Rosneft's petrochemical project

    MOSCOW (Reuters) -- Russia's biggest oil producer Rosneft said on Saturday that China National Chemical Corporation (ChemChina) would take a 40 percent stake in its planned petrochemical complex VNHK in Russia's Far East."The participation of ChemChi...

  • Lotte chairman defeats brother's challenge, retains control at AGM

    TOKYO (Reuters) -- Embattled Lotte Group Chairman Shin Dong-bin retained control of the conglomerate's Japan-based holding company on Saturday after shareholders rejected a bid by his older brother to oust him following government raids at its South ...

  • Labor strike leaves Taiwan's China Airlines in chaos

    TAIPEI -- Cabin crews walked off the job at Taiwan's largest air carrier, China Airlines, on Friday, creating an uproar that has led to the replacement of the airline's president, Chang Yu-hern.The Taoyuan Flight Attendants Union, which includes 2,60...

  • At Toyota, foreign vice president earns twice as much as president

    NAGOYA -- Toyota Motor paid almost double its president's compensation to its first-ever foreign executive vice president in fiscal 2015.The automaker's securities report submitted Friday shows President Akio Toyoda earning 351 million yen ($3.43 mil...

  • Nissan takes South Korea to court over emissions

    TOKYO -- Nissan Motor has lodged a legal complaint against South Korea's environment ministry, demanding that it cancel penalties over alleged faking of emissions by a diesel-powered sport utility vehicle.The Japanese automaker was ordered June 7 to ...

  • Japan firms to help SE Asia food processors manage hygiene

    BANGKOK -- Earth Chemical and Toyo Seikan Group Holdings have joined forces to offer hygiene management services to the food processing companies of Southeast Asia.Using a DNA chip developed by Toyo Seikan that can detect a variety of fungi, the serv...

  • Shareholders put Japan's corporate governance to the test

    TOKYO -- Shareholders are demanding more transparency about leadership changes and capital efficiency from Japanese corporations, and pressure is only expected to build with more major companies holding their annual meetings next week.Many stockholde...

  • Scandal-hit Suzuki Motor scrambles to repair image

    TOKYO -- Japan's transport ministry has reprimanded Suzuki Motor's chief over irregularities in fuel economy testing, piling pressure on the automaker to regain public trust as sales suffer.Chairman and CEO Osamu Suzuki met with Transport Minister Ke...

  • Tata group nursing UK injuries post-Brexit vote

    MUMBAI -- The Tata group is expected to be the Indian conglomerate most affected by the British decision to exit the European Union in two years.As the owner of Jaguar Land Rover (JLR) of the U.K., Tata Motors was one of Friday's biggest losers on th...

  • Japan railway plans lighter, less power hungry bullet train

    NAGOYA -- Central Japan Railway will in about four years introduce a new bullet train that will be lighter and consume 7% less electricity than the latest varieties in operation, the company announced Friday.The N700S "is an innovative rolling stock ...

  • AirAsia

    Considering hiring three banks to manage leasing unit's sale

    KUALA LUMPUR (NewsRise) -- Asia's largest budget airline by fleet size AirAsia is considering hiring BNP Paribas, Credit Suisse Group and RHB Capital to help manage the sale of its aircraft leasing unit, chief executive Tony Fernandes said.The commen...

  • It was a good time to resign, says Seven & i former chairman

    TOKYO -- Looking back at the past few months, Toshifumi Suzuki, honorary adviser at Seven & i Holdings, said recently, "I found a window of opportunity to step down" as the Japanese retail giant's chairman and CEO.Suzuki expressed these thoughts in h...

  • Tata ordered to pay NTT DoCoMo $1.2bn in arbitration award for JV stake

    TOKYO (Reuters) -- India's Tata Sons Ltd has been ordered to pay NTT DoCoMo Inc $1.2 billion to buy DoCoMo's stake in a joint venture, the Japanese firm said, citing an international arbitration court ruling.In 2009, the Japanese telecoms group acqui...

  • Philippines' Ayala Land taking commercial development to Cebu

    MANILA -- Ayala Land will team with conglomerate Aboitiz group to develop a commercial district on the central Philippine island of Cebu, part of a broader investment push outside its home base of Manila.The duo will manage the 10 billion Philippine ...

  • Swiss bank ramping up wealth business in Asia

    TOKYO -- Julius Baer is stepping up its business serving wealthy clients in Asia, with the Swiss banking group looking to boost managed assets in the region by 60% to 100 billion Swiss francs ($104 billion).In Japan, the central bank's negative-rate ...

  • Japan's Kubota wins waterworks order in Bangladesh

    OSAKA -- Kubota has secured an order worth 11.4 billion yen ($107 million) to supply and install 68km of water pipes in Chittagong, the second-largest city in Bangladesh.The contract is the biggest ever by monetary value for the diverse manufacturer,...

  • Japan Post companies face new problem: unhappy shareholders

    TOKYO -- In their first general shareholders meetings since becoming listed companies, Japan Post Holdings and its banking and insurance units heard frustration over stock prices languishing below where initial investors bought in.When one investor c...

  • Sharp's management grilled over Foxconn deal

    OSAKA -- Sharp shareholders took the ailing electronics maker's executives to task Thursday for their handling of sale talks with Foxconn, signaling doubts about the deal's viability even while giving it the requisite thumbs-up.Sharp's acquisition by...

  • Hitachi's AI alliance with Kyoto University taps biology

    TOKYO -- Hitachi has teamed with Kyoto University to research artificial intelligence technologies, aiming to develop AI that incorporates lessons from biology, the company said Thursday.The Hitachi Kyoto University Laboratory will operate at the uni...