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  • SoftBank's venture fund to acquire stake in chipmaker Nvidia

    TOKYO -- SoftBank Group's massive venture investment fund will take a stake in American chipmaker Nvidia, building its portfolio in developers of cutting-edge technology.SoftBank already has amassed a roughly $4 billion stake in the maker of graphic

    May 25, 2017 12:01 am JST
  • Paul Goldstein

    Don't listen to Trump but watch what he does

    "Don't listen to what he says, but watch what he does." U.S. National Security Advisor H.R. McMaster's quip about President Donald Trump's public statements is sound advice for concerned America-watchers in Japan.On close inspection, it is clear tha

    May 24, 2017 10:40 pm JST
  • Tokyo weighs options as Washington, Beijing draw closer

    TOKYO -- Japan is trying to create diplomatic wiggle room in the face of unpredictable U.S. policies, sending top political aides to a conference celebrating Beijing's regional ambitions even as Tokyo leans on partners in Europe to help keep Washing

    May 24, 2017 03:00 pm JST
  • Japan's chemical sector wary of US-driven headwind

    TOKYO -- Japanese chemical companies have been enjoying robust demand, but the tide is likely to soon change as shale gas-based chemical plants in the U.S. start to come online.The Japanese chemical industry spent five years downsizing facilities by

    May 24, 2017 10:00 am JST
  • Wall St rises on investor relief after Trump budget

    NEW YORK (Reuters) -- Wall Street ended higher on Tuesday after the release of President Donald Trump's budget plan but gains were tempered by declines in consumer discretionary stocks amid weakness in auto-parts companies.While Tuesday's economic d

    May 24, 2017 06:42 am JST
  • Hitachi, IBM to collaborate in mainframes in the cloud era

    TOKYO -- Hitachi will supply IBM-made mainframe computers loaded with its own operating systems starting in fiscal 2018, beating a retreat from hardware development in the age of cloud servers.The arrangement was announced Tuesday. Hitachi will cont

    May 24, 2017 06:30 am JST
  • Tighter sanctions, return to talks floated at UN meeting on North Korea

    UNITED NATIONS -- The U.N. Security Council took up North Korea's latest test of a medium-range ballistic missile at an urgent meeting Tuesday, only days after gathering about a separate missile launch."It is exactly one week since we gathered here

    May 24, 2017 06:30 am JST
  • Amazon, Nippon Express to help Japan's small businesses sell to US

    TOKYO -- Nippon Express and are launching a logistics service that lets small and midsize businesses export products to the U.S. for as little as a third of the current cost, catering to a segment of corporate Japan that tends to be wary

    May 24, 2017 05:30 am JST
  • Trump's haphazard approach to Middle East may compound risks

    JERUSALEM -- U.S. President Donald Trump strove to warm ties with the Middle East during his first overseas trip since taking office, but the lack of detail in his plans for peace have left some wondering whether he would only add to turmoil in the

    May 24, 2017 04:58 am JST
  • Japan's SBI, megabanks take stakes in blockchain group R3

    TOKYO -- Japan's SBI Holdings and more than 40 financial institutions from around the globe have pledged some $107 million to R3, an American startup building a new network for financial transactions on the back of blockchain technology.SBI is poise

    May 24, 2017 03:45 am JST
  • Toshiba, Western Digital chiefs to meet again on memory ops

    TOKYO -- Western Digital CEO Steve Milligan will speak with Toshiba President Satoshi Tsunakawa in Japan on Wednesday to work toward resolving a dispute over the planned sale of the Japanese company's memory chip unit, The Nikkei has learned.Toshiba

    May 24, 2017 03:20 am JST
  • Blackstone 'soothsayer' steps back from rising dollar prophecy

    TOKYO -- Byron Wien, vice chairman of private wealth solutions at the Blackstone Group, has published a list of "Ten Surprises" every year for more than three decades now. In the 2017 list, he predicted that some currencies will weaken against the d

    May 23, 2017 09:00 pm JST
  • Google and Microsoft teach us not to fear brain drain

    Palo Alto, U.S. -- Name one thing Microsoft and Google have in common beyond competing in a variety of fields from operating systems to browsers and cloud service. They are both headed by an Indian in his 40s. Satya Nadella, the 49-year-old chief ex

    May 23, 2017 02:10 pm JST
  • Westinghouse risks still shadow Toshiba

    NEW YORK -- Even removed from Toshiba's consolidated accounts, Westinghouse Electric could still expose the embattled Japanese conglomerate to major risks, with a labor dispute on top of unresolved payment guarantees looming large.Westinghouse said

    May 23, 2017 01:00 pm JST
  • Symantec says 'highly likely' North Korean hacking group behind ransomware attacks

    WASHINGTON (Reuters) -- Cyber security firm Symantec said on Monday it was "highly likely" a hacking group affiliated with North Korea was responsible for the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and d

    May 23, 2017 09:05 am JST
  • UN blasts Pyongyang's latest missile launch

    UNITED NATIONS -- The U.N. Security Council strongly condemned North Korea's ballistic missile launch Monday and vowed to step up the pressure on Pyongyang in the face of its refusal to end banned weapons programs.A press statement called on the Nor

    May 23, 2017 07:10 am JST
  • Wall St ends up; defense, tech stocks a boost

    NEW YORK (Reuters) -- U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.Shares of General Dynamics, Raytheon, and Lockheed

    May 23, 2017 06:12 am JST
  • MUFG, Toyota rally around next-gen cryptocurrency tech

    TOKYO -- Mitsubishi UFJ Financial Group and a Toyota Motor unit have joined a consortium promoting Ethereum, a virtual currency and versatile platform for transactions among businesses.The Enterprise Ethereum Alliance, founded in February by around

    May 23, 2017 05:00 am JST
  • UN draft of nuclear weapons ban tackles testing, terror

    UNITED NATIONS -- The initial draft of a legally binding convention to ban nuclear weapons was released at the U.N. in Geneva on Monday, laying the first stones of a framework that its proponents see as a necessary step toward eliminating such weapo

    May 23, 2017 04:35 am JST
  • Pyongyang's missile advances have world looking beyond US

    TOKYO -- North Korea's heightened missile threat highlights the failure of U.S.-led international pressure to deliver a punishing blow to the program, suggesting that a breakthrough may hinge on Chinese and Russian cooperation.Kim Jong Un's regime h

    May 23, 2017 04:00 am JST