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  • Industrial scales

    Minebea, Development Bank of Japan to acquire German company for $125M

    TOKYO -- Minebea is partnering with Development Bank of Japan to acquire German industrial-scale giant Sartorius Mechatronics T&H, the industrial technology unit of Sartorius, in an investment expected to total just under 15 billion yen ($125 millio

    December 20, 2014 08:10 am JST
  • TUF's growth strategy

    Thai tuna king swallows another household name

    BANGKOK -- Having grown stupendously, albeit mostly unbeknownst to consumers, as a processor of canned tuna, Thai Union Frozen Products is continuing efforts to become a purveyor of name-brand fish in its own right. The world's biggest producer

    December 20, 2014 05:22 am JST
  • Line branches out

    Japanese chat app provider to buy Microsoft's music streaming service

    TOKYO -- Japanese messaging app developer Line announced Friday it will buy Microsoft's MixRadio music streaming service for an undisclosed amount. The acquisition is expected to be completed in early 2015. Line plans to launch a music streaming

    December 19, 2014 07:00 pm JST
  • Indonesian e-commerce

    Lazada beefs up logistics for its online mall

    JAKARTA -- Online retailer Lazada Indonesia is investing in its distribution network to better harness the promising domestic e-commerce market. "Our big focus is going to be on operations and logistics," Magnus Ekbom, Lazada Indonesia's CEO, sa

    December 18, 2014 05:40 pm JST
  • Plummeting crude prices rattle markets

    TOKYO -- Plunging oil prices are undercutting the currencies of producing countries and sapping energy-related stocks. The volatility, meanwhile, is pushing investors into the yen and other safe havens. The Central Bank of Russia on Dec. 16 rais

    December 18, 2014 12:00 am JST
  • Amid backlash, Uber still finding investors to go along for the ride

    PALO ALTO, Calif. -- Uber Technologies is being buffeted by headwinds around the globe. Yet through it all, many investors are keeping the faith in the fast-growing ride-hailing service. Uber was founded in 2009 by Travis Kalanick and others; it

    December 18, 2014 12:00 am JST
  • Global brewers nervous as smugglers take fizz out of Myanmar beer market

    YANGON -- Global brewers are toasting Myanmar's newly liberalized beer market, but they worry illegal imports could spoil the party. Dutch beer maker Heineken and its Danish rival Carlsberg this year announced plans to open breweries in Myanmar,

    December 18, 2014 12:00 am JST
  • Manila gives Beijing's bank project benefit of the doubt

    MANILA -- The Philippines insists that the massive infrastructure bank initiated by China should not be used to advance Beijing's regional political interests, Finance Secretary Cesar Purisima said in an interview with the Nikkei Asian Review. T

    December 18, 2014 12:00 am JST
  • William Barkshire

    A new paradigm in global commodities pricing

    Price formation in key global commodities continues to be driven in the West, primarily in London, New York and Chicago. However, this activity is increasingly taking place in Asia, a shift that will have fundamental consequences in terms of the bal

    December 17, 2014 07:00 pm JST
  • Luxury market

    Japan has room to grow, Swiss banking group says

    TOKYO -- Julius Baer, the Swiss private banking group, says Japan's luxury market has room to grow. "Julius Baer Wealth Report: Japan," its first on the country, showed that prices of hotel suites and luxury homes have risen an average of 1.6% f

    December 17, 2014 01:00 pm JST
  • Taking the initiative

    Hitachi, ABB announce power transmission tie-up in Japan

    TOKYO -- Hitachi and ABB will form a Japanese joint venture to offer efficient electricity transmission solutions, the companies said Tuesday, eyeing growth in demand for long-distance transmission as power-sector deregulation looms. "In the fut

    December 17, 2014 05:41 am JST
  • Rampant volatility taking toll

    Tumbling crude prices shaking financial markets

    TOKYO -- Plunging crude prices are sending shock waves around the world, undercutting the currencies of oil-producing countries and sapping energy-related stocks and corporate bonds while boosting the yen and other safe havens. The Central Bank

    December 17, 2014 03:27 am JST
  • Industry 4.0

    Behind Germany's new economic push

    FRANKFURT, Germany -- Professor Henning Kagermann, former president of Germany's SAP and current chairman of German Academy of Science and Engineering, has plenty to say about the society of the future. His time at SAP, a leading European informatio

    December 16, 2014 07:00 pm JST
  • Volvo in Bangkok

    Truckmaker invests huge in Southeast Asia

    BANGKOK -- Volvo Group (Thailand) has opened its new Southeast Asia headquarters on the outskirts of the Thai capital, hoping to expand its market share in Southeast Asia's Japanese-dominated mass-market truck segment. The opening comes with the

    December 16, 2014 12:30 pm JST
  • Big chunk going into education

    EU has $900M to help build a stronger Myanmar

    YANGON -- The EU announced Monday it is allocating 688 million euros ($900 million) to Myanmar that will be doled out through 2020. An EU statement says the funds are to help develop rural areas and Myanmar's agriculture sector, improve food and nut

    December 16, 2014 11:00 am JST
  • Hotels in China

    France's Accor to tie up with local hotel group

    PARIS -- French hotel giant Accor said Sunday that it will form a capital and business alliance with Huazhu Hotels Group, also known as China Lodging Group. Accor will take a 10% stake in Huazhu, while the Chinese group will invest 10% in Accor'

    December 16, 2014 05:28 am JST
  • Power market deregulation

    Hitachi, ABB plan joint venture to sell grid systems in Japan

    FRANKFURT, Germany -- Japan's Hitachi and Switzerland's ABB are in the final stages of talks toward creating a joint venture to market power transmission equipment in Japan. Hitachi is expected to hold a majority stake in the unit and provide th

    December 16, 2014 02:30 am JST
  • Civil aviation

    Airbus, Boeing in dogfight over small jets

    PARIS/NEW YORK -- European aircraft maker Airbus is looking to challenge Boeing on its own turf by manufacturing a small long-haul jet at a plant now under construction in the U.S. Airbus officials say they are discussing with customers sales of

    December 15, 2014 07:00 pm JST
  • UN talks agree building blocks for new-style climate deal in 2015

    LIMA (Reuters) -- About 190 nations agreed on Sunday the building blocks of a new-style global deal due in 2015 to combat climate change amid warnings that far tougher action will be needed to limit increases in global temperatures. Under the de

    December 14, 2014 06:18 pm JST
  • The oil sell-off continues

    Global equity markets get jitters

    TOKYO -- The drop in crude oil prices is unsettling stock markets around the world, not only because of its speed but also because of the difficulty of judging how good or bad it is for the global economy. Even veteran money managers are scratch

    December 13, 2014 07:39 am JST