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UAE-based portfolio investors agrees latest deal with Salfo to expand in Middle East and Europe

Sendai Airport in Miyagi Prefecture is set to be privatized on Friday. It will be the first among state-managed airports in the country that switches to private-sector operations. Sendai International Airport Co. will operate the airport located between the cities of Natori and Iwanuma under the contract of up to ...

Mitsubishi Motors Corp.’s domestic vehicle sales more than halved in May from a year earlier after the automaker was hit by a fuel economy manipulation scandal, data showed Wednesday. Meanwhile, Nissan Motor Co. also suffered a double-digit drop. Mitsubishi marked a 51.4 percent year-on-year fall to 2,766 units, as the ...

Shareholders of Daihatsu Motor Co. on Wednesday approved a proposal for the Japanese automaker to become a wholly owned unit of Toyota Motor Corp. on Aug. 1. Toyota, which currently owns about 51 percent of Daihatsu, will acquire remaining Daihatsu shares through an equity swap. Daihatsu shares are set to ...

Japan and Britain agreed Wednesday to work closely following the latter’s vote to leave the European Union, including addressing Japanese companies’ worries about the possible negative impact on their operations, Japan’s Foreign Ministry said. In telephone talks on Wednesday, Foreign Minister Fumio Kishida requested that British Foreign Secretary Philip Hammond ...

Economists criticize Abenomics even as its eponymous champion uses it to draw focus away from his push for constitutional revision. The post Abenomics on the line for Abe in July poll: experts appeared first on The Japan Times.

From robotics to deep learning and image recognition, a glimpse of science fiction-like technologies developed by the nation’s artificial intelligence industry is on display at Tokyo Big Sight in Koto Ward. At the three-day AI World exhibition, a total of 15 companies exhibited cutting-edge AI technology in an attempt to ...

The dollar was firmer around ¥102.40 in late Tokyo trading on Wednesday as excessive worries over Britain’s decision to leave the European Union have subsided somewhat. At 5 p.m., the dollar stood at ¥102.43-43, up from ¥102.23-23 at the same time Tuesday. The euro was at $1.1072-1072, against $1.1069-1069, and ...

Stocks rose sharply on the Tokyo Stock Exchange Wednesday, backed by solid purchases of issues with large market capitalization following overnight rebounds of U.S. and European equities. The 225-issue Nikkei average surged 243.69 points, or 1.59 percent, to end at 15,566.83, extending its winning streak to a third day. On ...

Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of the economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty and worry about risks remain in ...