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Giappone
Hitachi to invest ¥300 billion in Internet-connected projects
Hitachi Ltd. plans to invest about ¥300 billion ($2.8 billion) over the next three years in its “Internet of things” platform as the maker of power plants, bullet trains and elevators bets the technology will drive sales. The money will be used for acquisitions, research and development and capital spending, ...
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USA Giappone
Takata logs ¥13 billion loss as recalls continue
Scandal-stricken Takata on Wednesday logged an annual net loss of ¥13.08 billion as the company struggles with massive recalls over exploding air bag inflators. The problem has been tied to 13 deaths in the United States and Malaysia. U.S. auto safety regulators last week ordered Takata to recall between 35 ...
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Giappone
Toyota braces for one-third less profit on stronger yen, emerging markets
Toyota on Wednesday warned that its annual net profit will fall by about a third as a stronger yen and a slowdown in Chinese growth and other emerging markets dent its bottom line. The surprise new forecast — which would mark Toyota’s first profit decline in five years — tipped ...
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Giappone
French national rail company backs Elon Musk’s futuristic Hyperloop
Hyperloop One startup, intent on zipping people along at near-supersonic speeds in pressurized tubes, announced Tuesday that the French national rail company had joined its growing list of backers. Hyperloop One said that it raised $80 million in fresh funding from an array of investors, including GE Ventures and France’s ...
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Giappone
Nikkei advances for three sessions in row
The benchmark Nikkei average advanced for the third straight session on the Tokyo Stock Exchange Wednesday, thanks to buying backed by higher U.S. shares, but its upside was pressured by profit-taking. The 225-issue Nikkei average climbed 13.82 points, or 0.08 percent, to end at 16,579.01. On Tuesday, the key market ...
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Giappone
A Tokyo stock picker watches his nation age
It’s an early weekday morning in Tokyo and the Japanese pub is already filled with a boisterous clientele, mostly pensioners. Sitting among them is Kengo Kuzuhara, taking notes. The 41-year-old wants to know how his elders spend their cash, as he runs a stock fund that invests in things they ...
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Giappone Vietnam
Tokio Marine to up stake in Vietnamese insurer to 51%
Tokio Marine Holdings Inc. announced Wednesday that it will raise its equity stake in Vietnam’s Bao Viet Tokio Marine Insurance Co. to 51 percent from 49 percent. The company said it has reached a definitive agreement with Vietnam’s largest insurance group to buy the additional 2 percent stake but did ...
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Abu Dhabi's ADNIC sees Q1 net profit soar by 670%
Abu Dhabi National Insurance Company reports growth in net underwriting income during first quarter of 2016
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Dubai's Abraaj to spend $500m on African hospital business
Emerging market investment fund seeks to tap into demand from the continent's middle classes
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Abu Dhabi-backed UFC 'in talks over $3bn-plus sale'
Chinese conglomerate believed to be frontrunner to buy biggest martial arts business in the world