Deals

Indian bank invites Japanese to invest in its mutual funds

TOKYO -- India's ICICI Bank will sell mutual funds linked to Indian stocks in Japan, aiming to tap into the abundant savings of Japanese households. The bank, the largest in India's private sector, has partnered with Tokyo-based Eastspring Invest...

  • Tokyo investment fund to buy scaffolding company

    TOKYO -- Investment fund Integral will purchase construction material maker Shinwa for roughly 15 billion yen ($140 million). Integral will acquire a 100% stake in the Gifu Prefecture-based company and dispatch multiple directors. It will wor...

  • SoftBank to pump $650M into India's Snapdeal

    TOKYO -- SoftBank will invest $650 million in Snapdeal to gain a 30%-plus stake in the Indian e-commerce giant, apparently with a vision of turning it into a "second Alibaba." An agreement will likely be reached as early as this month. Snapdeal w...

  • Toshiba, United Technologies tie up in smart-building solutions

    TOKYO -- Toshiba will partner with United Technologies to offer energy-saving building equipment and maintenance services around the world. Under their alliance, to be announced Friday, the two will pool their expertise: The Japanese company is s...

  • Sanyo Shokai-Burberry breakup to spark battle over retail spaces

    TOKYO -- The looming end of a 40-year partnership between Sanyo Shokai and British fashion house Burberry next June is jolting the apparel industry here, with the prime retail space that Burberry products now occupy in department stores across the na...

  • Major coal-fired power plant slated for western Japan

    TOKYO -- Electric Power Development, better known as J-Power, is planning a 1,200-megawatt coal-burning power facility in the western Japan's Yamaguchi Prefecture, working with Ube Industries and Osaka Gas. The plant will be built on vacant lot n...

  • Mitsubishi Materials' purchase of Hitachi Tool seen as good buy

    TOKYO -- Mitsubishi Materials' planned acquisition of Hitachi Tool Engineering is widely regarded as a steal because the benefits are expected to outweigh the hefty price tag. Mitsubishi Materials agreed in late September to obtain a 51% stake in...

  • KDDI teams with app providers for shared menu screen

    TOKYO -- KDDI, operator of the au wireless service, has partnered with a group of independent Internet companies to create a shared menu screen for their popular smartphone applications. The menu screen gives users an easy way to navigate the myr...

  • Uniqlo operator teams with Daiwa House on global logistics

    TOKYO -- Fast Retailing, operator of the Uniqlo chain of casual clothing stores, announced plans Tuesday to establish a company for global logistics with Daiwa House Industry. The partners will open around 10 distribution centers in major cities ...

  • Aeon teaming with 2 Vietnam supermarkets on products, distribution

    TOKYO -- Aeon will partner with two major supermarket operators in Vietnam as part of a two-pronged strategy to cultivate the rapidly growing retail market there. The Japanese retailer is concluding partnership negotiations with Fivimart, which h...

  • Uniqlo operator plans logistics hub to speed delivery of online orders

    TOKYO -- Fast Retailing, operator of the Uniqlo casual clothing chain, will build a large logistics center in Tokyo in collaboration with Daiwa House Industry to offer faster delivery of online orders. The two will set up a new company and build ...

  • Chiyoda to develop offshore natural gas plants

    TOKYO -- Japanese engineering firm Chiyoda Corp. will partner with Italian peer Saipem to develop offshore natural gas plants, handling everything from designing to procurement and construction. The partners have established a 50-50 joint venture...

  • Japan's Morito to buy US peer Scovill in fastener tie-up

    TOKYO -- Morito, the world's second-largest supplier of metal clothing fasteners by market share, will acquire American counterpart Scovill Fasteners for an estimated 5 billion yen ($46 million). The Osaka-based distributor, which also supplies p...

  • Japan's Comsys to put all treasury stock into acquisitions

    TOKYO -- Comsys Holdings is planning to commit the entirety of its treasury stock to mergers and acquisitions. The amount constitutes 19% of all stock issued by the Japanese company, which builds telecommunications infrastructure. The 27.3 millio...

  • Nippon Steel won't boost stake in Usiminas amid row: president

    MOSCOW -- Nippon Steel & Sumitomo Metal has no plans to buy additional shares in Brazilian steelmaker Usiminas as it apparently seeks to resolve its dispute with another major shareholder, Ternium, without changing its ownership level. "We have n...

  • Tepco, Chubu Electric teaming up to save on fuel costs

    TOKYO -- Tokyo Electric Power and Chubu Electric Power plan to launch a 50-50 joint venture by the end of this fiscal year, the companies said Tuesday, setting up a partnership aimed at slashing fuel costs ahead of the deregulation of the Japanese po...

  • SoftBank joins forces with Batman and Godzilla

    TOKYO -- SoftBank will invest in an American company known for its "Dark Knight" and "Godzilla" movies, with plans to also set up a joint venture to sell content in China and India. The Japanese telecommunications giant will pay $250 million this...

  • Renault-Nissan, Daimler looking to expand tie-up

    PARIS -- The Renault-Nissan team and Daimler are enjoying greater savings than expected from their partnership and are eager to broaden it further, their leaders said Friday in a news conference timed for an auto show here. The capital tie-up, fo...

  • Japan Post tie-up to improve shipping service to Asia, Europe

    TOKYO -- Japan Post said Friday that it will launch an international package-shipping service covering 49 markets through the network of French partner GeoPost. The service will begin Oct. 30, featuring enhanced tracking capabilities and shipping...

  • Clash deepens between Nippon Steel, Ternium over Usiminas stake

    TOKYO -- Ternium's plans to boost its stake in Brazilian steelmaker Usiminas are widening the rift between itself and Nippon Steel & Sumitomo Metal, currently a top shareholder in Usiminas. The Argentine steelmaker said Thursday that it has agree...