Business

Don Quijote interested in buying Walmart's Seiyu

7 Comments

Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market. This comes after business daily Nikkei reported last month that the U.S. retail giant… Read

Business

Elon Musk just made it easier for shareholders to sue Tesla for fraud

2 Comments

On Monday morning, six days after Tesla CEO Elon Musk tweeted that he was thinking about taking the company private at $420 a share, with “funding secured” for the transaction, Tesla published a blog post in which Musk clarified his tweet. When he said that funding for the buyout was… Read

Business

China's July new loans up 1.45 trillion yuan

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Chinese banks extended 1.45 trillion yuan ($211.81 billion) in new yuan loans in July, the China Banking and Insurance Regulatory Commission said, considerably higher than analysts' expectations, as policymakers continue to pump liquidity into a slowing economy. Faced with sluggish domestic demand and potential pressure from a trade war with… Read

Business

Trump's trade beef with China may backfire on meat

20 Comments

A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American", but when it comes to millions of dollars of U.S. meat imports, China may simply take its business elsewhere. Beijing's retaliatory tariffs on U.S. pork and beef are making them prohibitively expensive and Chinese… Read

Business

Trade war threatens reign of luxury stocks

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An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales at… Read

Business

After Mercari, Japanese asset managers see new era in venture capital investing

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The hugely successful IPO by online marketplace Mercari in June was a bonanza for its shareholders – and may transform lukewarm attitudes among mainstream asset managers about investing in startups, according to major Japanese institutional investors and industry officials. Mercari became Japan's first home-grown unicorn, with a pre-IPO valuation of… Read

Business

Lawson to start banking business in October

5 Comments

Convenience store chain Lawson Inc said Friday it will launch a banking business in October, using the network of more than 13,000 automated teller machines located in its shops throughout Japan. Its subsidiary Lawson Bank earned a license to start the business from the Financial Services Agency the same day.… Read

Business

Organic dairy farmers vow to compete in changing industry

3 Comments

Small family operated dairy farms with cows freely grazing on verdant pastures are going out business as large confined animal operations with thousands of animals lined up in assembly-line fashion are expanding into the organic market. Many traditional small-scale organic farmers are determined to fight back against the industry transformation… Read

Business

Japan's economy returns to black after first dip in two years

30 Comments

Japan bounced back to growth following its first contraction in two years, official figures showed Friday, but fears of U.S. trade wars clouded the outlook for the world's third-largest economy. The economy grew 0.5 percent quarter-on-quarter in the April-June period, compared with a 0.2-percent decline in January-March, according to data… Read

Business

Suzuki, Mazda, Yamaha Motor admit using fake vehicle emission data

52 Comments

Japanese automakers Suzuki Motor Corp, Mazda Motor Corp and Yamaha Motor Co have admitted using falsified emissions data to inspect their new vehicles after the government ordered the industry to review its procedures. Japan's transport ministry said Thursday the three automakers admitted conducting improper inspections after 23 Japanese auto and… Read

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