Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.
Tags: Japan
Japan's Softbank to tap US bond market to fund T-Mobile acquisition -report
Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.
Japan prepares to unveil Japanese Stewardship Code- sources
Sources said Japan is preparing to introduce guidelines for institutional investors known as the Japanese Stewardship Code, which would improve returns, transparency and corporate governance, Reuters reported.
Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.
The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.
Sompo buys UK insurer Canopius for $970M
Japanese insurance firm Sompo Japan Insurance Inc will acquire private British company Canopius in a deal valued at $970 million to expand its overseas operations, according to a report.
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Google acquired seven robotics firms in the past six months to create manufacturing and logistics robots for a project under Android founder Andy Rubin to compete with Amazon's flying delivery drones.
Japanese electronics conglomerate Sony Corp. may spend JPY10 billion on a chip plant it intends to buy from Renesas Electronics Corp. Sony is reportedly increasing its chip output to boost its profits.
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
The purportedly massive USD53 billion economic stimulus package by the government of Japan was to aid the country from its high tax rates imposed in April this year, said government ministers.
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese companies and is led by a former Carlyle Group executive.
Former Japanese Ministry of Finance official Eisuke Sakakibara said the yen may weaken further as the government pension fund will follow the proposal to invest more of its holdings overseas.
Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.
A report by Agence France-Presse (AFP)recounted the difficulties of curbing the links between corporate Japan and the yakuza, and how some of the country's major banks adopted a laissez-faire compliance in eradicating mob ties.
The Japanese equities market is making a comeback under the leadership of Prime Minister Shinzo Abe. In his Forbes report, contributor Panos Mourdoukoutas suggests four ways investors can trade the Japanese tsunami on equities.
