Companies

Sharp, Foxconn

Taiwanese suitor, Japanese maiden begin horse trading

OSAKA -- Japan's Sharp and Taiwan's Hon Hai Precision Industry are down to horse trading. Just how much of Sharp does Hon Hai, also known as Foxconn, want to buy? And how much control does Sharp want to relinquish? Sharp has been teetering on...

  • SapuraKencana Petroleum

    Clinching new contracts amid industry weakness

    KUALA LUMPUR -- SapuraKencana Petroleum, Malaysia's largest oil and gas services company by market capitalization, has secured two new engineering maintenance contracts and an extension of a drilling job worth $382 million. One of the contracts i...

  • TSMC

    Earthquake has limited impact on operations

    TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker, on Saturday said some wafers might have been damaged by a powerful earthquake that shook southern Taiwan in the morning but that it expects current quarter ship...

  • Bank of East Asia

    Elliott tells bank to sell itself

    HONG KONG -- Elliott Management, an activist New York hedge fund probably best known for hounding the Argentine government for bond default, has turned up the heat on Bank of East Asia (BEA) and urged the bank to put itself up for sale. "Sharehol...

  • Singapore Airlines

    Tigerair delisting a step closer

    SINGAPORE -- Singapore Airlines on Friday night announced it will move ahead with plans to delist low-cost carrier Tiger Airways Holdings, now that it has secured over 90% of Tigerair's shares. Singapore Airlines launched a takeover bid for Tiger...

  • TSMC says Q1 shipments unaffected by quake, no damage at other Apple suppliers

    TAIPEI (Reuters) -- Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said some silicon wafers were damaged at a plant in southern Taiwan where an earthquake hit early on Saturday, but that first-quarter shipments would be unaffecte...

  • Japanese beverage biz

    Asahi to name beer unit's chief as president

    NAGOYA -- Asahi Group Holdings has decided to promote the head of its beer subsidiary to president of the parent, The Nikkei has learned. Asahi Breweries President Akiyoshi Koji, 64, will replace the holding company's current president, Naoki Izu...

  • Sharp, Foxconn

    Companies shoot for final deal by month's end

    OSAKA -- Taiwan's Hon Hai Precision Industry, or Foxconn, aims to finalize by the end of the month a deal to acquire ailing Japanese electronics maker Sharp, with the two having reached a preliminary agreement Friday, Chairman Terry Gou said. Gou...

  • Japan automakers

    Uneven performance by region challenges Toyota

    NAGOYA -- A closer look at Toyota Motor's stellar earnings announced Friday reveals increasingly uneven results by region, with Europe and resource-rich markets languishing in the shadows of brisk performances in North America and China. Toyota s...

  • Japanese economy

    Business outlook sinks to 3-year low on falling prices

    TOKYO -- Lower resources prices and built-up inventories suggest a gloomier business climate in Japan. The leading index for business conditions declined to 102 for December, down 1.2 points on the month and the lowest since January 2013, accordi...

  • Toyota raises full-year net profit forecast slightly

    TOKYO (Dow Jones) -- Toyota Motor Corp. raised its full-year net profit forecast slightly and posted 4.7% growth in quarterly net profit, after costcuts offset falling vehicle sales in Asia and Europe. Toyota now expects to post a record Y2.27 tr...

  • Toyota posts lower-than-expected Q3 operating profit as expenses up

    TOKYO (Reuters) -- Toyota Motor Corp raised on Friday its full-year sales forecast for North America due to strong demand in the United States, while posting a lower-than-expected operating profit for the third quarter due to an increase in expenses....

  • Foxconn, Sharp

    Hon Hai expected to send executives to Japan

    OSAKA -- Taiwan's Hon Hai Precision Industry on Friday began arranging to send executives to Japan's Sharp, in preparation of its expected acquisition of the struggling Japanese electronics maker.

  • Foxconn CEO meeting with Sharp execs on Friday; Sharp shares soar

    TAIPEI/TOKYO (Reuters) -- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid ov...

  • Shanghai free trade zone

    Mizuho extends low-rate financing to Baoshan Steel

    SHANGHAI -- Mizuho Bank loaned 120 million yuan ($18.2 million) to Chinese company Baoshan Iron & Steel on Thursday in Shanghai's free trade zone, becoming the first Japanese bank to finance in the special economic district. The deal was reached ...

  • Singapore Airlines

    Cheap oil boosts profit but tough market persists

    SINGAPORE -- Singapore Airlines announced on Thursday evening that its net profit increased 36% on-year to 274.9 million Singapore dollars ($196 million) for the quarter ended in December 2015, boosted mainly by lower fuel expenses. Revenue, however,...

  • Singapore Post

    Profit edges up as e-commerce boosts revenue; little word on audit

    SINGAPORE -- Singapore Post's net profit grew 0.6% on the year for the quarter ended in December to 43.5 million Singapore dollars ($31 million), the postal service provider said Thursday. But this increase was marginal compared with a 32% gain in to...

  • Honda recall

    Automakers, Takata still at odds on sharing costs

    TOKYO/NEW YORK -- Honda Motor announced another round of recalls of cars equipped with Takata air bags Wednesday, highlighting a persistent divide on how much of the mounting costs should be shouldered by the supplier. The latest recall affects 2...

  • Ruble trouble

    JT's overseas profit drops 10% as Russian currency tumbles

    TOKYO -- Steep declines in the Russian ruble have dealt a blow to Japan Tobacco's earnings, as the global cigarette company does a brisk business in the country and surrounding region. With its overseas operating profit falling nearly 10%, the compan...

  • Tata Steel

    Steel maker swings to loss on lower sales, restructuring charges

    MUMBAI (NewsRise) -- Tata Steel reported a wider-than expected quarterly net loss as surging imports of the alloy from China dented its sales amid falling prices. Restructuring charges at its European operations also hurt the company. Tata Steel ...