NEC Corp. says it is planning to sell its its troubled mobile phone unit to personal computer venture partner Lenovo Group Ltd.as it continues to faces challenge from larger firms Samsung Electronics Co. Ltd. and Apple Inc.
Asia/Pacific
China's Conflict on Environmental Compliance
The thrust of central government to improve pollution standards is being bucked by state owned companies and local government executives fearful of loss of jobs and business in their areas.
Higher Stocks Markets in Asia for Good Friday
Asian stock markets were seen higher as the U.S. continues to report boost in economy. Stock markets in Asia were mostly higher as yet another record high on Wall Street brought momentum in the region.
Chinese Couple Settle Insider Trading Charger Over Nexen Buyout
A Chinese businessman, along with his wife, has agreed to settle charges of insider trading into the Cnooc's buyout of Nexen of Canada.
North Korea Declares State of War
In a fit of saber rattling, North Korea declares a state of war with South Korea. North Korea, in another blast of rhetoric directed at Seoul and Washington, declared it was entering a 'state of war'.
Latest News
Gibson Guitar, a producer of electric guitars, says it was purchasing majority share in Japan's TEAC Corp. for 4.88 billion yen.
NeoPhotonics said that it had closed its acquisition of the LAPIS Semiconductor's semiconductor optional components business unit, which operates as the former's Japanese subsidiary.
Hoping to maximize the wave of increased health care demand in Asia, Sanofi is building a new factory in Vietnam.
Despite the criticisms, the Hong Kong government is now making company director information private.
NEC is in discussion with Lenovo and other buyers as to the possibility of divesting its mobile phone business.
Tanjung's CT Corp is offering to purchase all of Visi Media Asia from the Bakrie family. One of Indonesia's rising conglomerates CT Corp has offered an all-cash deal for the controlling stake in PT Visi Media Asia.
The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Japan, with its ever increasing demand for LNG, plans to create an LNG Futures listing with the Tokyo Commodities Exchange.
TNT Express has decided to sell its its Hoau domestic road operations in China to private equity funds following UPS back-out.
