VENTURE CAPITAL POST

China, South Korea, and Japan have announced plans to reignite a three-party summit that was halted on 2012 due to lingering animosity towards Japan's part in WWII.

A voluntary recall had been announced by Toyota Motors around the globe due to a defective power window switch that could overheat, melt and lead to fires. According to Toyota, The recall includes 2.7 million vehicles in North America, 600,000 in Japan, and 1.2 million in Europe. The cars involved are Yaris, Corolla, Matrix, Camry, RAV4, Highlander, Tundra and other models, as reported by NBC New York.

Netflix reported a lower than expected performance today after the company reported a total revenue of $1.74 billion for its third quarter performance. The revenue contributes to earnings of $0.07 per share, which is lower than analyst expectation of $0.08 per share.

Japanese automobile major Toyota Motor Corp is planning to launch driverless cars in the market by 2020. Toyota will launch three models in semi-automatic range this year in Japan market. The semi-automatic cars equipped with Intelligent Transportation System (ITS) are technology-driven vehicles that change lanes, merge with traffic or even overtake other vehicles. The fourth generation Prius hybrid car is one among the three semi-automatic models is scheduled for launch in Japan market in 2015.

After five years of negotiations, 12 Pacific nations are about to conclude on a free trade agreement (FTA) as these countries have arrived on an understanding on Trans Pacific Partnership (TPP) deciding monopoly on new biotech drugs.

Japan is setting up a 53-megawatt solar powered station to be situated in northern Fukushima. Four lending institutions will back up the project namely Mitsubishi UFJ, Sendai-based 77 Bank which will provide the highest amount of loan of $57 million and other two lenders according to PV Magazine.

Marking a major development in US-China business relations, a group of firms from the world's second largest economy signed a deal with the US partner XpressWest to build a high-speed rail link between Los Angeles and Las Vegas.

The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.

While Korea is hurting from a long drop in exports, one industry is booming in shipments and posts double-digit growth. This draws the attention of policymakers seeking for a new way to grow its export.

Global markets these days have become more and more unpredictable with the US and Chinese stocks' consistent historical upswings and plunges in the past few months. To make things worse, the oil price has hit a six and a half year low. The condition can finally be compared to the days right after the 9/11 attacks.

Giant South Korean web portal operator Naver Corp is yet to decide on when put its messenger app unit Line Corp on Initial Public Offering (IPO) due to the present volatility of the market.

Amazon announced Wednesday that it will offer its Prime Instant Video service in Japan next month, going toe-to-toe with rival Netflix in the video streaming industry.

The reduction in consumer spending and drop in exports are squeezing the world's third largest economy. During April-June quarter, exports from Japan eased putting further pressure on the Japanese economy, which slowed down at 1.6 percent annual growth rate as against the forecast of 1.9 percent.

The oil price in the global market continued to skid further on Wednesday touching a new low since March 2009 while crude inventories in the US are increasing.

The Chinese stock market is registering a volatile trading pattern as investors became nervous about the future course of the market. The slowdown in the dragon country's economy growth has become a cause of concern for the investors.