Deals

Kawasaki Heavy already has hydrogen liquefication facilities.

First municipal hydrogen power plant coming to Japan in 2018

TOKYO -- Japan's Obayashi and Kawasaki Heavy Industries will begin using hydrogen to generate power for part of Kobe in 2018, marking the first-ever use of the alternative low-emissions fuel on that scale.The duo will work with Kansai Electric Power ...

  • Oji, Sumitomo Forestry complete Myanmar sawmill

    MAWLAMYINE, Myanmar -- Oji Holdings and Sumitomo Forestry held a ceremony Friday to mark the completion of a lumber mill here, reportedly the first investment in Myanmar's lumber industry by a Japanese company since the country started undergoing dem...

  • China's Ping An buys Tommee Tippee baby bottles

    HONG KONG -- Financial conglomerate Ping An Insurance is buying the U.K.'s Mayborn Group, which owns Tommee Tippee, a British household name in baby goods best known for feeding bottles.Through wholly owned subsidiary Shanghai Jahwa, Ping An struck t...

  • Australia rejects massive Kidman farmland sale to China

    SYDNEY -- With a general election just months away and a growing unease among the public toward property purchases by Chinese interests, the Australian government has decided to block a sale of huge cattle farm holdings to a China-led consortium.Fede...

  • HNA continues China's overseas foray with Carlson hotels deal

    HONG KONG -- HNA Group, the tourism-focused private conglomerate, is set to become the first Chinese owner of a big Western hotel brand.The company's HNA Tourism unit reached an agreement late on Thursday to buy the entire lodging portfolio of Carlso...

  • Tsinghua Unigroup-SPIL deal axed on policy worries

    TAIPEI -- Chip assembler Siliconware Precision Industries (SPIL) said Thursday that Beijing-backed tech conglomerate Tsinghua Unigroup had withdrawn its offer to acquire a 25% stake in the Taiwanese company."The incoming government's policy remains u...

  • Japan's Daikin to purchase Italian refrigeration provider

    OSAKA -- Daikin Industries will acquire Italian refrigeration company Zanotti by June, gaining a European foothold for a business the company hopes to develop into a new earnings driver. The Japanese air conditioner maker's European unit will pa...

  • China Everbright, HK's Friedman buy Albania's airport operator

    SHANGHAI (Reuters) -- China Everbright Group, a state-backed financial firm, has bought into Albania's international airport in partnership with a Hong Kong-based investment firm, the latest deal highlighting China's ambition to rebuild Silk Road tra...

  • France beats Japan, Germany to win $40bn Australian submarine contract

    SYDNEY/TOKYO (Reuters) -- France has beaten Japan and Germany to win a A$50 billion ($40 billion) deal to build a fleet of 12 new submarines for Australia, one of the world's most lucrative defence contracts, Australian Prime Minister Malcolm Turnbul...

  • Australia says French company wins huge submarine contract

    CANBERRA, Australia (AP) -- Australia has announced that a French company DCNS had beat bidders from Japan and Germany to build its next generation of submarines DCNS, German's ThysennKrupp Marine Systems and Japan's Mitsubishi were in the runnin...

  • France wins $40bn Australian submarine contract - sources

    SYDNEY/TOKYO (Reuters) -- Australia has awarded the A$50 billion ($40 billion) contract to build the country's new fleet of submarines to French naval contractor DCNS, sources said on Tuesday, dealing a major blow to Japan's nascent defence export in...

  • Japan's top can makers plan merger

    TOKYO -- Can and packaging producers Toyo Seikan Group Holdings and Hokkan Holdings have agreed to integrate their management, targeting higher cost-competitiveness worldwide as demand for cans dwindles at home. A basic agreement toward a merger ...

  • Hulic to buy Tokyo hotel in record deal

    TOKYO -- Japanese real estate developer Hulic will purchase the Grand Pacific Le Daiba hotel in Tokyo's Odaiba waterfront district from railway operator Keikyu in May, aiming to tap demand from foreign tourists ahead of the 2020 Olympics here. Hu...

  • China Eastern Airlines lifted by travel service partnership

    HONG KONG -- China Eastern Airlines shares took flight Friday on news of a tie-up with travel booking service Ctrip.com International promising business growth and a stronger capital structure. Hong Kong-listed China Eastern climbed as much as 2....

  • Tata Consultancy to provide IT services to Indian airline Vistara

    NEW DELHI -- Vistara announced Friday that Tata Consultancy Services will provide IT management, application maintenance and development services to the Indian domestic airline. The 51-49 joint venture between Tata Sons and Singapore Airlines is ...

  • China shatters quarterly record for foreign M&A deals

    BEIJING/NEW YORK -- Chinese companies are already closing in on last year's record for overseas mergers and acquisitions, aiming to offset a domestic slowdown and gain access to cutting-edge technology and prominent brands. Chinese businesses spe...

  • Asahi reaches megadeal in Europe, pulls US bid

    TOKYO -- Asahi Group Holdings finalized an agreement Tuesday to purchase four European units belonging to British brewer SABMiller for 2.6 billion euros ($2.9 billion), getting hold of well-known brands in a region that it intends to focus on. At...

  • Japanese companies rack up cheap loans for takeovers

    TOKYO -- With interest rates in the basement, Japanese companies are increasingly taking out loans to fund mergers and acquisitions. In fiscal 2015, which ended in March this year, banks extended $20 billion worth of syndicated loans to Japanese ...

  • Baidu CEO may buy AC Milan soccer club

    BEIJING -- Robin Li Yanhong, CEO of Chinese Internet search giant Baidu, is reportedly in consultations to purchase AC Milan, a soccer team in Italy's top professional league. Li is apparently negotiating to purchase the bulk of the Series A socc...

  • JX Nippon investing in Vietnamese oil company

    TOKYO -- JX Nippon Oil & Energy has agreed to purchase an 8% stake in Vietnam National Petroleum Group, the Japanese company announced Thursday. The Vietnamese company, also known as Petrolimex, will issue new shares through a private placement. ...