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Giappone
Hyperloop One test bodes well for transit’s fast future
The possible future of transit zipped along a short track in the desert outside Las Vegas on Wednesday before sliding to a stop in a bed of sand, sending up a tan wave. Hyperloop One, a startup hoping to revolutionize transport systems, held its first public test of engine components ...
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Giappone
Stricken Mitsubishi in talks with Nissan over ¥237 billion stake
Nissan Motor Co. is in talks to take a 34% stake in Mitsubishi Motors Corp., the automakers said Thursday. The post Stricken Mitsubishi in talks with Nissan over ¥237 billion stake appeared first on The Japan Times.
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Giappone
Dollar tops ¥108.50 on emerging market weakness
The dollar shed losses to rise above ¥108.50 in Tokyo on Thursday as risk aversion receded and stocks climbed. At 5 p.m., the dollar was at ¥108.93-94, up from ¥108.60-61 at the same time Wednesday. The euro was at $1.1407-1408, up from $1.1388-1388, and at ¥124.26-27, up from ¥123.69-69. The ...
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Giappone
Toshiba posts ¥483.2 billion loss on Westinghouse writedown
Toshiba said Thursday that it suffered a ¥483.2 billion full-year net loss as the troubled conglomerate booked a massive writedown of its U.S. nuclear unit. It said the worst was over and forecast profits for the current business year. Once a proud pillar of corporate Japan, Toshiba has been besieged ...
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USA Giappone
Collector Maezawa drops $98 million on art in two days
Yusaku Maezawa, the 40-year-old founder of online clothing retailer Zozotown, continued his art shopping spree on Wednesday, helping Sotheby’s reach $242.2 million in sales at its contemporary art auction even as the art market continues to contract. Maezawa said he is building a private museum outside Tokyo. Sotheby’s evening sale ...
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Giappone
Sharp’s losses, liabilities underscore challenge for Hon Hai
Sharp Corp. posted a second straight annual loss and said its liabilities exceeded its assets, highlighting the turnaround challenge facing new owner Hon Hai Precision Industry Co., also known as Foxconn Technology Group. The net loss was ¥256 billion in the year ended March, from a loss of ¥222.3 billion ...
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Giappone
Nikkei climbs 0.4% in fourth straight day of gains
The Nikkei average extended its winning streak to a fourth session on Thursday, buoyed by the yen’s weakening. The Nikkei advanced 67.33 points, or 0.41 percent, to end at 16,646.34. On Wednesday it gained 13.82 points. The Topix index climbed 2.97 points, or 0.22 percent, to close at 1,337.27, after ...
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Giappone
EU asks Japan to open up procurement market in regional cities
The European Union has asked Japan to open up its market for goods and services procurement in municipalities with a population of 100,000 or more as the two economic powers work toward signing a free trade agreement, EU documents and sources said Thursday. While it remains unclear how many EU ...
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Giappone
Current account surplus doubled last year on cheap oil
The nation’s current account surplus doubled in fiscal 2015 from the previous year to ¥17.98 trillion, buoyed by lower crude oil prices and a surge in travel surplus on the back of a growing number of foreign tourists, the government said Thursday. Cheap crude oil helped reduce goods imports despite ...
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Giappone
McDonald’s Japan quarterly loss narrows after menu changes
McDonald’s Holdings Co. (Japan)’s first-quarter loss narrowed as the fast-food chain won back some customers after being hit by a series of food safety scandals. The net loss was ¥176 million for the three months ended March 31 compared with ¥14.6 billion a year earlier, the Japan unit of McDonald’s ...