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Itochu Corp. said Tuesday it has acquired PurEnergy LLC, a U.S. power plant and energy asset management firm, through NAES Corp., a Seattle-based unit of the Japanese trading house. The value of the deal was not disclosed. Syracuse-based PurEnergy engages in a wide range of business related to the energy ...

Takata Chairman Shigehisa Takada says he will step down from his post in response to the ongoing global recall of air bag inflators. The post Takata chief says he’ll quit after guiding air bag maker toward recovery appeared first on The Japan Times.

The founding family of Idemitsu Kosan Co. opposes its planned merger next April with Showa Shell Sekiyu K.K., the family’s representative said Tuesday, clouding the outlook of the creation of one of the largest oil distributors in Japan. The founding family, which owns a 33.92 percent stake in Idemitsu, can ...

Shareholders urged nine power companies Tuesday to end nuclear power generation, reflecting safety concerns lingering since the 2011 Fukushima disaster. However, the proposals were turned down at the firms’ shareholders meetings. The companies, including Tokyo Electric Power Company Holdings Inc., operator of the crippled Fukushima No. 1 nuclear complex, are ...

The dollar was capped around ¥102.20 in Tokyo trading on Tuesday, as stock markets in Japan and abroad remained unstable in the wake of Britain’s shock decision late last week to leave the European Union. At 5 p.m., the dollar stood at ¥102.23-23, up from ¥102.02-02 at the same time ...

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Policymakers also said financial markets are starting to calm down after the Brexit vote last week, but ...

The benchmark Nikkei average ended an unstable session slightly higher on the Tokyo Stock Exchange on Tuesday, helped by continued buybacks after Friday’s tumble attributed to concern over Britain’s decision to leave the European Union. The 225-issue Nikkei average climbed 13.93 points, or 0.09 percent, to close at 15,323,14. On ...

Global efforts to tackle corporate tax avoidance are set to get new momentum on Thursday, when nations meet in Kyoto to discuss and possibly sign up to international rules introduced last year. The two-day meeting by the Organization for Economic Cooperation and Development’s Committee on Fiscal Affairs will take place ...

Japanese drugmaker SSP Co. will be put under the wing of Sanofi as the French health care titan and Germany’s Boehringer Ingelheim GmbH announced an asset swap agreement Monday. Under the deal, Sanofi will acquire Boehringer’s consumer health operation, including SSP, in exchange for its animal health business. The transaction ...

Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week’s vote to leave the European Union will hurt its economy. Standard & Poor’s stripped Britain of its last remaining top-notch credit rating, dropping it by two grades ...