Held in Yokohama, the Tokyo International Conference of African Development gave a $32 billion fund to aid the economic development of Africa.
Tags: Japan
Kawasaki Heavy Fires President, Ends Merger Discussions
Kawasaki Heavy Industries fired its company's president Satoshi Hasegawa and announced ended talks for merger with Mitsui Engineering & Shipbuilding Co.
SoftBank Mobile Chooses Gemalto TSM
Gemalto was chosen by SoftBank Mobile for the commercial launch of mobile NFC services in Japan. (Photo : Reuters)The image is the Softbank corporate logo on the frontage of its company headquarters.
Japan stocks rise as SoftBank acquires Sprint Nextel
SoftBank Corp. drove the growth of stocks in Asia led by Japan's gradual rise. (Photo : Reuters )Asian stocks declined and the euro plummeted to a three-week low against the dollar as fears of renewed recession in the United States forced investors to sell riskier assets.
Japan to Reduce Pension Fund to Buy Equities
Japan's public pension would undergo changes as the government seeks to buy more equities. Japan's public pension fund stated that it will reduce its holding of local bonds and buy more shares.
Latest News
Suntory Holdings is preparing for an IPO that is projected to be the largest in Japan to date. In what is projected as the largest initial public offer in Japan this year, Suntory Holdings Ltd is projecting to net as much as 476 billion yen or US$4.
Many buyout firms and manufacturing companies are eyeing the sale of Panasonic's healthcare unit.
Japan opens fund for Africa Resource Projects Japan is planning to grant US$2 billion financial support for Japanese firms in the next five year. The available funding would enable them to continue their natural resources development projects in Africa.
Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.
The IPO of the Nomura Real Estate Holdings REIT expects at least US$175 billion earnings. Nomura Real Estate Holdings is planning to undertake an initial public offer of shares that is said to be the largest one to date.
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.
Nikkei reports Mitsui and Kawasaki are in merger discussions. Mitsui Engineering and Shipbuilding Co and Kawasaki Heavy Industries Ltd are to begin merger discussions.
