Companies

China Telecom

60 million 4G users by the end of the year

HONG KONG -- China Telecom expects to have 60 million subscribers to its high-speed 4G mobile service by the end of 2015. China's third largest mobile service provider said Wednesday that some of those subscribers will come as the company expands its...

  • Fish farms

    Moving the sea inland

    Tokyo -- With the bulk of fishing and farming being done in the world's oceans, Japanese fishery companies have decided to move some of their breeding operations inland. Nippon Suisan Kaisha, also known as Nissui, is developing a cultivation tech...

  • Chinese e-commerce

    JD.com gunning to catch Alibaba

    SHANGHAI -- China's second-largest Internet retailer is looking to give the market leader, Alibaba Group Holding, a run for its money. In early May, JD.com agreed on a $350 million investment in Tuniu, a Chinese online travel agency. The company ...

  • Made in China 2025

    Foxconn to focus on automation, robots

    TAIPEI -- Foxconn Technology Group, the world's largest contract manufacturer and a leading exporter in China, is looking to develop technologies for automation, robots and other connected devices. "We will invest significantly in Internet of thi...

  • Indian exports

    New Delhi targets ocean rim market

    MUMBAI/NEW DELHI -- The economic leader of the Indian Ocean rim hopes to buck the label of developing nation through export opportunities in neighboring markets. Regional market activity is now attracting attention from around the world on account of...

  • Belle International Holdings

    Sportswear pushes up profit for leading Chinese shoemaker

    HONG KONG -- Belle International Holdings, one of China's leading footwear and sportswear retailers listed in Hong Kong, posted a net profit of 4.76 billion yuan ($766 million) on late Tuesday for the fiscal year ended February 2015, up 8% from a yea...

  • Singapore Exchange

    Bourse links to another mainland commodity exchange

    SINGAPORE -- Singapore Exchange (SGX) has signed a memorandum of understanding (MOU) with the Zhengzhou Commodity Exchange (ZCE) in China's heartland Henan Province to promote commodity derivatives and greater awareness of China's growing futures mar...

  • Fanuc president

    Dour global economy turning a corner

    TOKYO -- Economic growth in the U.S. and China is slowing down. The future direction of global capital investment is therefore a major focal point for the machine tool sector. In a recent interview with The Nikkei, Yoshiharu Inaba, president of Fanuc...

  • On the fast track

    Tomy to release maglev train set

    TOKYO -- Toymaker Tomy unveiled a train set that runs using magnetic levitation Tuesday. Called the "Linear Liner" and modeled after Central Japan Railway's LO superconducting maglev train, it floats about 2mm above the tracks using magnetic repu...

  • Canceled contracts

    Skymark creditors dissatisfied with fate of grounded planes

    TOKYO -- Two of Skymark's largest creditors are opposed to its proposed restructuring plan, apparently because it would preclude the Japanese budget carrier from using aircraft it had agreed to buy or lease before its bankruptcy. In 2011, when Sk...

  • Lower costs

    Apple eyes 200 billion yen bond issuance in Japan

    TOKYO -- In what will be its first fundraising activity in Japan, Apple is considering issuing about 200 billion yen ($1.62 billion) in bonds as early as June. The U.S. technology company aims to procure funds at low cost by taking advantage of r...

  • Energizing an industrial park

    Marubeni to help build gas-fired power plant in Myanmar

    TOKYO -- Marubeni is participating in the construction of a high-efficiency gas-fired power plant in Myanmar that will serve a large local industrial park. The Japanese trading house will establish a joint venture with Thai state-owned oil compan...

  • Disapproving creditors

    Skymark's plans for support from ANA hit turbulence

    TOKYO -- Two of Skymark's major creditors are objecting to a restructuring proposal that would have top Japanese airline ANA Holdings buy into the bankrupt budget carrier. Airbus, from which Skymark had agreed to buy A380 superjumbo jets, does no...

  • Charoen Pokphand Foods

    Five Star experience in India

    BANGKOK -- For many young Indians, Thai-style fried chicken provides a less expensive, crisp and spicy alternative to global fast-food chains like Kentucky Fried Chicken (KFC) and McDonald's. Charoen Pokphand Foods (CPF), the international food a...

  • Solidifying control

    Samsung group moving ahead with leadership succession

    SEOUL -- Facing the inevitable handover of its reign to the younger generation, Samsung group's founding family is rushing to strengthen its grip on the crown jewel, Samsung Electronics, through a revamping of the holding company. The group said...

  • Metal mergers

    Mitsubishi Materials expands war chest for acquisitions

    TOKYO -- Mitsubishi Materials plans to spend about 95 billion yen ($773 million) for mergers, acquisitions and other growth strategies in the two years through March 2017. The initial plan was to pour 65 billion yen into such initiatives. But the...

  • Trains and railways

    China's CSR expands global presence

    BEIJING -- CSR, a state-owned manufacturer of trains and railway equipment, is increasing its number of foreign offices to compete against rivals in Japan, the U.S. and Europe. According to state-run Xinhua News Agency, Chairman Zheng Changgong s...

  • Change at the top

    Cheil to merge with Samsung C&T

    SEOUL -- Cheil Industries, the de facto holding company of Samsung group, and Samsung C&T agreed Tuesday on a merger deal. The move is a part of the South Korean conglomerate's groupwide restructuring efforts ahead of an expected leadership change. ...

  • McDonald's Vietnam

    Upsizing in Ho Chi Minh City

    HO CHI MINH CITY -- McDonald's Vietnam plans to open at least four more outlets in Ho Chi Minh City by the end of the year, bringing the U.S. fast-food chain's total presence there to nine since its arrival in 2013. The expansion plans were unveile...

  • Accounting scandal

    Toshiba mulls rescheduling shareholders meeting, changing date of record

    TOKYO -- Toshiba is weighing two options for postponing a general shareholders meeting as an independent panel pores over its books in search of improper accounting. Following revelations that it had overstated earnings on some infrastructure pro...