Companies

Risk management overhaul tops Citigroup's 'to do' list

NEW YORK -- Citigroup is looking to improve risk management practices across its wide-ranging businesses to quickly win back confidence from the market and shareholders. The financial giant's share price has languished since it failed the U.S. Fe...

  • China's Huawei aims to quadruple corporate sales

    SHENZHEN, China -- Chinese telecommunications company Huawei Technologies said Wednesday that it seeks to boost corporate sales of equipment such as routers and servers to more than $10 billion by 2018. The company is looking to diversify earning...

  • Toyota to develop 'Chinese' hybrids from new R&D base

    CHANGSHU, China -- Toyota Motor hopes to rev up hybrid vehicle development in China with the help of a new research center that came onstream last fall. The Japanese automaker offered a sneak peek Tuesday of its new R&D base for hybrids in this J...

  • Japan aid agency to buy stake in Myanmar industrial park developer

    YANGON -- Japan's government-affiliated aid organization will acquire roughly 10% of the Myanmar developer managing the nation's first modern industrial park in May, sources close to the matter told The Nikkei Wednesday. The Japan International C...

  • Nidec founder prepping the company for his departure

    OSAKA -- With Nidec about to reach a corporate milestone, its founder and leader, Shigenobu Nagamori, is taking steps to ensure that the Japanese company continues to grow without his leadership, such as reshuffling the management team and setting up...

  • Aisin Seiki group to churn out autoparts in Brazil, Indonesia

    NAGOYA -- Aisin Seiki, a leading autoparts maker affiliated with Toyota, has announced plans to manufacture engine components and other parts in Brazil and Indonesia together with two subsidiaries. By sharing offices and equipment as a group, the...

  • Renault may make electric vehicles in China

    BEIJING -- Renault plans to cooperate with Nissan Motor in a wide range of areas, including procurement and production, as it prepares to begin producing cars in China in 2016. The French automaker seeks to cut costs and bolster its competitivene...

  • Yamato to expand store pickups for online purchases

    TOKYO -- Yamato Transport will beef up a delivery service that allows consumers buying products from online retailers to receive their goods at convenience stores near their homes or workplaces. The Japanese parcel delivery company began offering...

  • Sony hoping 'Spider-Man' can rescue electronics sales

    TOKYO -- Sony's electronics and entertainment businesses are embarking on their first major promotional tie-up, aiming to use such popular properties as "Spider-Man" to help shore up flagging home electronics sales. "The Amazing Spider-Man 2" ope...

  • Thailand's Saijo Denki targets Asean air conditioner market

    BANGKOK -- Thai air conditioner maker Saijo Denki International is trying to expand its clout across Southeast Asia. The company competes with Japan's Mitsubishi Electric, LG Electronics of South Korea and others in Thailand. Saijo Denki currentl...

  • CapitaLand to focus on China and Singapore

    SINGAPORE -- CapitaLand is narrowing its focus to core markets such as Singapore and China to tap high growth. The company is one of the largest real estate companies in Southeast Asia and well known for its expertise in developing building complexes...

  • Panasonic's chief looks to Asia expansion, less central control

    TOKYO -- After salvaging his company from the sea of red ink, Panasonic President Kazuhiro Tsuga is pushing for a new management strategy for overseas expansion, especially in Asia. The aim is to decentralize electronics giant's decision-making proce...

  • Ambitious ANA bulk buys aircraft

    TOKYO -- Japanese airline company ANA Holdings plans to retire some old jets and introduce a fleet of more energy-efficient models amid fierce competition across Asia. As part of such moves, the company recently signed agreements to buy 40 mid- t...

  • Immigration rules may hit Singapore back-office business: report

    SINGAPORE -- Tighter restrictions on who may work in Singapore may lead some global banks to shut down their back-office operations in the city-state, Standard Chartered Bank warned in a recent equity research report. Government regulations aimed...

  • Malaysia's Khazanah Nasional dips deeper into Turkey

    KUALA LUMPUR -- Malaysia's state-owned investment fund, Khazanah Nasional, has increased its investment in Turkey to over $2 billion, it said in a statement. Khazanah has spent $1.4 billion since 2008 through companies under its holding through inves...

  • Love of toys comes full circle for Tomy's new COO

    TOKYO -- Forty-two years ago, an 8-year-old Dutch boy made friends in a Yokohama park without speaking a word of Japanese, breaking the language barrier with a die-cast toy car. A believer in the power of toys to bring people together, Harold Mei...

  • Ayala to pour $800M into power, transportation infrastructure

    MANILA -- Philippine conglomerate Ayala is stepping up investment in domestic power and transportation infrastructure projects, with plans to spend $800 million by 2016. The company, which has specialized in real estate and financial businesses, ...

  • Japanese public lender to join GE aircraft engine project

    TOKYO -- The Development Bank of Japan will participate in the development of a next-generation jetliner engine at General Electric, with Canada's largest pension fund also climbing aboard on expectations of stable returns. The government-backed ...

  • Speak up or miss out, Daiwa's first female director says

    TOKYO -- Keiko Tashiro, an executive managing director at Japan's second-largest brokerage Daiwa Securities Group, will join its board of directors in June. Tashiro will be the first woman who has worked at the company to be named a director. Tas...

  • DP World diving headlong into emerging-market ports

    DUBAI -- DP World, the global marine terminal operator based in the United Arab Emirates, is ramping up investments in emerging economies to capture the growing distribution demand in these areas. The company is on track to pour $3.7 billion into...