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Giappone
Nissan predicts 19% profit drop on strong yen
Nissan Motor Co. announced Thursday that it forecasts a 19 percent profit drop for the current business year through March 2018, echoing gloomy forecasts given earlier by two other Japanese auto giants — Toyota Motor Corp. and Honda Motor Co. Nissan said it estimates a ¥535 billion net profit for ...
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Cina Giappone
Calbee to add capacity at Kyoto plant amid growing cereal demand in China
Snack-maker Calbee Inc. will build a new production unit at its factory in Kyoto Prefecture to meet growing demand for cereal, mainly in China, the company has said. Calbee will invest around ¥7 billion to construct the new facility with two production lines at its plant in the city of ...
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Giappone
Toshiba gives up finding new auditor for now
Toshiba Corp. has given up finding a new auditor to check its earnings for fiscal 2016 in place of its current auditor, PricewaterhouseCoopers Aarata LLC, according to informed sources. The effort failed ahead of the Tokyo Stock Exchange-set deadline next Monday for companies listed on the exchange to release their ...
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Giappone Nuova Zelanda
New Zealand ratifies TPP despite U.S. withdrawal
New Zealand formally ratified the Trans-Pacific Partnership trade deal Thursday, becoming the second signatory country to do so after Japan, and just days ahead of Prime Minister Bill English’s visit to Japan to promote trade and economic ties. Trade Minister Todd McClay welcomed the Cabinet’s decision to ratify the free-trade ...
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Giappone
Ghosn sees ‘good news’ in Macron’s France win, eyes deeper alliance with Nissan
Carlos Ghosn, chief executive officer of French carmaker Renault SA, sees the embrace of globalization by France’s president-elect Emmanuel Macron as a harbinger of faster growth for the country’s economy. He also signaled that Macron’s policies could pave the way for a deeper alliance between Renault and Nissan. “The fact ...
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Giappone
In financial straits, shrines turn to luxury property development
Shinto elders at the centuries-old Unesco World Heritage Site of Shimogamo Shrine upset neighbors when they bulldozed a swath of old Kyoto forest to build an apartment complex with units selling for more than $2 million apiece. “They should call it the Shimogamo Corporation,” says one angry parishioner, Akira Hitomi. ...
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Giappone
High prices put new condos out of reach for average workers in Japan
High prices are putting new condominiums out of reach for average workers. With demand dampened by high acquisition costs, the number of new condos on offer across Japan in 2016 fell for the third year in a row, hitting the lowest level in 24 years. According to the Real Estate ...
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Giappone Spagna
British territory Gibraltar, center of online European gambling, fears effects of Brexit
Deep inside the Rock of Gibraltar is a room known as The Vault. Dug by the British Army in World War II, the room now houses servers that power the websites of dozens of international online gambling companies. Those companies were lured to this speck of British territory on Spain’s ...
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Giappone
Japan’s fiscal 2016 current account surplus largest in nine years
Japan posts its largest current account surplus in nearly a decade for 2016 as exports thrived on falling oil prices and tourism surged. The post Japan’s fiscal 2016 current account surplus largest in nine years appeared first on The Japan Times.
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Giappone
EGW buys Tokyo office tower for ¥30 billion with Korean investor funds
EGW Asset Management Inc., which manages about ¥200 billion ($1.8 billion) in assets, has acquired an office building in central Tokyo for about ¥30 billion. The asset manager bought Shinagawa Seaside TS Tower, a 23-story office building, on behalf of an unidentified South Korean institutional investor who is investing in ...