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  • Premium sake Dassai gets a touch of Robuchon

    YAMAGUCHI, Japan -- Asahishuzo, a high-end Japanese sake brewer based in Iwakuni, southwest of Hiroshima, is accelerating its drive to expand sales of its Dassai brand across the globe. Asahishuzo plans to work with prominent French chef Joel Robuch

    September 2, 2017 01:51 pm JST
  • Hitachi UK reactors to get full Japanese loan insurance

    TOKYO -- Japan intends to fully insure bank loans for one of Hitachi's British nuclear plant projects in order to encourage domestic lenders to finance a particularly risky type of infrastructure export that Prime Minister Shinzo Abe's government se

    September 2, 2017 04:05 am JST
  • China's Legend buys Luxembourg's BIL bank for $1.8bn in landmark European expansion

    HONG KONG (Reuters) -- China's Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) for 1.48 billion euros ($1.76 billion) in the biggest takeover of a European deposit-taking bank by a Chines

    September 2, 2017 03:41 am JST
  • Japan insurer Sompo unloading UK unit Canopius for $952m

    TOKYO -- Japanese insurance group Sompo Holdings will sell British subsidiary Canopius for $952 million under plans announced Friday, aiming to eliminate overlap and build up a war chest for other overseas acquisitions.What was then Sompo Japan Insu

    September 2, 2017 01:34 am JST
  • Kazakh capital seeks center stage with Syria peace talks

    ASTANA -- In its 20 years as Kazakhstan's capital, Astana has attracted a range of labels. Some observers have described its high-rise office blocks and themed shopping malls as a futuristic vision for urban living amid the harsh steppes of central

    September 1, 2017 11:45 pm JST
  • May's visit fails to assure Japan Inc. of post-Brexit future

    TOKYO -- Japanese businesses took little solace Thursday in reassurances by British Prime Minister Theresa May of a smooth U.K. withdrawal from the European Union, given uncertainty over London's access to the unified market after the divorce."Witho

    September 1, 2017 05:28 am JST
  • Midea's profit jumps 14% in first half after robotics unit purchase

    GUANGZHOU -- A recently acquired German robot maker is already making robust contributions to Midea Group's bottom line along with its mainstay businesses.Net profit at the Chinese home appliance manufacturer grew 14% to 10.81 billion yuan ($1.64 bi

    September 1, 2017 04:09 am JST
  • BTMU backing interbank transfers in digital currency

    TOKYO -- Japan's Bank of Tokyo-Mitsubishi UFJ is joining an international development project that will produce a digital currency to expedite interbank fund transfers.Swiss megabank UBS launched in 2015 the "utility settlement coin" initiative, whi

    September 1, 2017 03:54 am JST
  • Abe, May seek smooth transition to post-Brexit trade ties

    TOKYO -- Japanese Prime Minister Shinzo Abe and British counterpart Theresa May will "work to quickly establish" a bilateral trade partnership with an eye to the U.K.'s coming divorce from the European Union, they said in a joint statement here Thur

    September 1, 2017 02:00 am JST
  • Wu Junhua: Deteriorating democracy challenges Western ideals

    Liu Xiaobo, the Nobel Peace Prize-winning Chinese political activist, passed away on July 13. As one of his peers who enjoyed her college life in China in the 1980s, a time when the country was full of ideas about change, I am filled with regret and

    August 31, 2017 10:00 am JST
  • Security Council urges Myanmar sides to 'de-escalate,' UK diplomat says

    UNITED NATIONS -- The Security Council gathered Wednesday for a rare meeting involving Myanmar, where recent clashes between Rohingya insurgents and security forces have resulted in the deaths of 109 people, including 17 civilians."We had a good dis

    August 31, 2017 05:58 am JST
  • EU quickly building a free trade perimeter around US

    BRUSSELS -- The European Union is leveraging the economic partnership agreement it struck with Japan this summer to fast track similar deals with Latin America and Asia-Pacific countries, countering an inward-looking U.S.Building bridges, not wallsJ

    August 31, 2017 05:56 am JST
  • Brexit-wary Japan executives to talk with UK trade chief

    TOKYO -- Japanese corporate executives are looking to get a clearer sense of the U.K.'s plans for its exit from the European Union as well as its potential impact on business in a meeting with British International Trade Secretary Liam Fox here on T

    August 31, 2017 04:44 am JST
  • LG Electronics makes rival bid for headlight maker ZKW

    SEOUL -- South Korea's LG Electronics has made an offer to acquire ZKW Group, one of Europe's biggest suppliers of automotive lights, setting the stage for a possible bidding war with Japan's Panasonic. LG Electronics and group holding company LG Co

    August 31, 2017 03:32 am JST
  • ZF sells Body Control Systems division to China's Luxshare

    FRANKFURT (Reuters) -- German auto supplier ZF said on Wednesday it has sold its Body Control Systems division to China's Luxshare as it reshapes its portfolio of technologies for a new era of self-driving and electric cars.ZF struck an alliance wit

    August 31, 2017 03:23 am JST
  • Abe, May agree to further press North Korea over 'unprecedented' threat

    Japanese Prime Minister Shinzo Abe and his British counterpart Theresa May agreed Wednesday in Kyoto to work together to counter the "unprecedented" security threat from North Korea following the launch of a ballistic missile over Japan the previous

    August 31, 2017 12:47 am JST
  • Pork giant WH Group beefs up Europe, US segments

    DALIAN, China -- WH Group, the world's largest pork processor, looks to feed its overseas operations through acquisitions in Poland and a partnership in the U.S. amid thinner demand in China.American subsidiary Smithfield Foods in June purchased thr

    August 30, 2017 05:31 am JST
  • Renault-Nissan, Dongfeng teaming up on electric cars

    TOKYO -- The Renault-Nissan alliance will join with Dongfeng Motor Group to produce compact electric cars in China as competition intensifies among American and European rivals that are also teaming with local partners to meet growing demand and tou

    August 30, 2017 04:45 am JST
  • Japan, UK to focus on defense partnership at upcoming summit

    TOKYO -- Amid the growing North Korean threat, Japanese Prime Minister Shinzo Abe and British counterpart Theresa May will meet here Thursday to discuss greater cooperation regarding defense equipment and joint exercises.Abe and May are expected iss

    August 30, 2017 04:44 am JST
  • Mitsubishi Heavy venture to equip wind farm off German shore

    TOKYO -- Mitsubishi Heavy Industries has beat rival Siemens in the German company's own backyard, winning an order to provide offshore turbines for the Deutsche Bucht wind farm project.MHI Vestas Offshore Wind, a 50-50 joint venture between Japan's

    August 29, 2017 04:10 am JST