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Giappone
Mubadala of Abu Dhabi plans $15 billion investment in SoftBank tech fund
Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and start two new venture capital funds to build its technology holdings. The SoftBank fund will be “wrapped up” in two to three weeks with about $95 billion of commitments, according ...
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Giappone
Kuroda ‘quite sure’ BOJ can smoothly withdraw stimulus
Bank of Japan Gov. Haruhiko Kuroda said he is “quite sure” the central bank can smoothly exit from its massive monetary stimulus when the appropriate time comes. But he also said the BOJ “always” has room to expand monetary stimulus to achieve its 2 percent inflation target, indicating that wages ...
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India Giappone Taiwan
SoftBank and Foxconn bring India some of world’s cheapest solar
Companies led by SoftBank Group Corp. and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar power in the world, helping Prime Minister Narendra Modi reach his ambitious clean-energy goals. In two auctions this week for renewable energy power-purchase contracts, bids from companies to supply clean ...
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Giappone
AIG names Hamilton’s Brian Duperreault its seventh CEO since 2005
American International Group Inc. named Brian Duperreault, one of the most experienced managers in the property-casualty insurance industry, to be the company’s seventh chief executive officer since 2005 and improve results at the operation selling coverage to commercial clients. Duperreault, who spent time at AIG earlier in his career, will ...
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Giappone
Samsung looks beyond smartphones to next-generation biologics market
The Samsung brand is best known for its smartphones and wide-screen TVs. Yet behind the scenes the conglomerate is also making a name as a contract manufacturer of complex medicines to treat diseases like cancer. On a piece of reclaimed land along the western coast of South Korea, Samsung BioLogics ...
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USA Giappone Nuova Zelanda
Japan and New Zealand agree to aim for progress on TPP by November
Japan and New Zealand confirmed they will aim to reach an agreement with other signatories to move the Trans-Pacific Partnership forward by November despite the withdrawal of the United States. “What is important now is whether the (remaining) members can share a view about the future direction of the TPP ...
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Cina Giappone
China and Japan increase holdings of U.S. government treasuries
Japan and China increased their holdings of U.S. Treasuries as overall net foreign purchases in March reached their strongest level in a year. China increased its ownership of U.S. government bonds, notes and bills to $1.09 trillion in March, up $27.9 billion and remaining the second-largest foreign holder of American ...
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Giappone
2016 profits off for four big Japan banks amid low rates, Toshiba woes
Four of Japan’s five major banking groups posted lower profits for the year through March 31, due largely to the worsening business performance of major borrower Toshiba Corp. and extremely low interest rates, according to earnings reports. The five banks, including the three mega-bank groups — Mitsubishi UFJ Financial Group ...
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Cina Giappone
Japan would consider joining China-led AIIB if doubts are dispelled, Abe says
Prime Minister Shinzo Abe said Monday he could be open to joining the China-led Asian Infrastructure Investment Bank if questions surrounding its projects’ environmental impacts and other issues are resolved. Abe made the remark following China’s hosting of a two-day international forum on the “One Belt, One Road” cross-continental infrastructure ...
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Giappone
Putin points finger at U.S. intel as cyberattacks ease but threat of repeat looms
The world’s biggest ransomware attack leveled off on Monday after wreaking havoc in 150 countries and causing political acrimony, with Russian President Vladimir Putin blaming U.S. intelligence services. The indiscriminate attack struck hundreds of thousands of computers worldwide Friday by exploiting known vulnerabilities in older Microsoft computer operating systems. Microsoft’s ...