Companies

Honda to open AI laboratory in Tokyo

TOKYO -- Honda Motor will set up a research base here this year with a focus on artificial intelligence, aiming to more easily hire experts and collaborate with businesses in different sectors.Honda R&D, the Japanese automaker's primary research and ...

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    Chips are up for cheap smartphones, ARM CEO says

    TAIPEI -- While global smartphone demand is growing more slowly, the rise of low-cost smartphones benefits both consumers and chip designer ARM Holdings, its chief executive argues.Simon Segars expresses confidence that the British company can contin...

  • Panasonic to double auto coil capacity in Japan

    OSAKA -- Panasonic will double Japanese production capacity for automotive coils by fiscal 2018 in an effort to grab more of the global market.The Osaka-based company will invest several hundred million yen to install specialized equipment at its Taj...

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    Nippon Steel seeks to carve up Brazil's Usiminas

    TOKYO -- Nippon Steel & Sumitomo Metal intends to hold talks on dividing the production assets of struggling Brazilian affiliate Usiminas with Ternium, a fellow shareholder with which the Japanese steelmaker disagrees over plans for turning the unit ...

  • Wheelock unit becomes Hong Kong's third free TV network

    HONG KONG -- A subsidiary of Hong Kong-based conglomerate Wheelock & Co. has been granted a license to broadcast free television programming, the local government said Tuesday.Fantastic Television will become Hong Kong's third free privately run netw...

  • Malaysia announces wind-up of 1MDB

    KUALA LUMPUR -- Malaysia has replaced the board of 1Malaysia Development Berhad with treasury officials, paving the way for the dissolution of the troubled state investment fund.A three-member board headed by the treasury's top administrative officer...

  • Medtronic partners with SingHealth to fight diabetes

    SINGAPORE -- Global medical technology company Medtronic has signed a memorandum of understanding with Singapore Health Services to develop a center to treat diabetes in Southeast Asia, as the disease becomes more prevalent in the region.The center w...

  • Sun Pharmaceutical Industries

    Profit nearly doubles, sales hurt by competitive pressures

    MUMBAI (NewsRise) -- India's largest drug maker Sun Pharmaceutical Industries reported a 93% jump in quarterly profit, but the number fell short of expectations as it battled rising competition and pricing pressure in the United States, its biggest m...

  • South Korean drivers sue Nissan over emissions

    SEOUL -- Eight South Korean consumers on Tuesday filed a complaint with Nissan Motor's subsidiary after local environmental officials announced the automaker had manipulated emissions results of its Qashqai diesel SUV, the plaintiff's legal professio...

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    Apple to extend iPhone's product cycle

    SILICON VALLEY -- Apple will likely take three years between full-model changes of its iPhone devices, a year longer than the current cycle. In a typical two-year term, fall 2016 was supposed to see a major upgrade. But the changes on the model to be...

  • Noble CEO Alierza quits unexpectedly

    SINGAPORE -- In an unexpected move on Monday morning, Singapore Exchange-listed industrial and energy commodity company Noble Group, announced that chief executive Yusuf Alireza is to step down. After share prices were hit by criticism of the company...

  • SoftBank may float $4.5bn in bonds for small investors

    TOKYO -- SoftBank Group is seen taking advantage of historically low interest rates to issue around 400 billion yen to 500 billion yen ($3.6 billion to $4.5 billion) in bonds for retail investors in the year ending March 2017.The Japanese company hol...

  • LCD panel pullout shows Panasonic's thirst for profit

    OSAKA -- Panasonic's retreat from LCD panels for televisions underscores how the Japanese electronics giant is prioritizing earnings as it negotiates increasingly unforgiving terrain.The company bled more than 1.5 trillion yen ($13.5 billion) in net ...

  • Tata Motors' new chief draws up road map for change

    MUMBAI -- Within a couple of months of stepping into a long-vacant position, new Tata Motors' CEO Guenter Butschek has crafted a transformation plan that will address the automaker's brand, whose passenger vehicles have failed to excite buyers over ...

  • Japan's Asahi Kasei on lookout for big M&A deals

    TOKYO -- Asahi Kasei plans to aggressively pursue large mergers and acquisitions valued in excess of 100 billion yen ($900 million) apiece during the three years through fiscal 2018 as it works to lift group sales to 3 trillion yen in fiscal 2025.Med...

  • Dentsu, Nikkei team on company brand evaluation

    TOKYO -- Advertising giant Dentsu and media group Nikkei have jointly developed a system and service for measuring the value of a corporation's brand.Based in part on an analysis of the data from the annual Nikkei Corporate Image Survey, the new Nikk...

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    Panasonic to pull plug on LCD TV panels

    OSAKA -- Panasonic will withdraw from manufacturing LCD panels for televisions, succumbing to stiff price competition.The company plans to end production of the parts at its Himeji plant in Hyogo Prefecture by the end of September. Corporate clients ...

  • Microsoft's Nadella pumps Modi's Digital India

    NEW DELHI -- Reflecting the importance of emerging India to global technology companies, Satya Nadella, chief executive of Microsoft Corporation, swung through Delhi on Monday hot on the heels of another recent visitor, Tim Cook, the chief executive ...

  • Soccer coming home as Adidas returns to Germany

    FRANKFURT, Germany -- Sportswear manufacturer Adidas has decided to resume mass production of shoes in Germany, marking a return to its home country for the first time in 24 years.The decision is the last act of CEO Herbert Hainer before he steps dow...

  • Alfamart to relieve Indonesia's last-mile headache

    JAKARTA -- Indonesian retail company Sumber Alfaria Trijaya is reinventing its online shopping service, utilizing its vast network of Alfamart convenience stores as pickup points to tackle the country's logistical challenges.Alfacart is expected to b...