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Citigroup to sell Japan retail bank unit to SMBC
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JAPAN TODAY
Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp, the companies said Thursday.
The deal involves the sale of Citibank Japan’s ATMs and 32 retail branches including 740,000 customer accounts and about 2.5 trillion yen (about $21 bill...
Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp, the companies said Thursday.
The deal involves the sale of Citibank Japan’s ATMs and 32 retail branches including 740,000 customer accounts and about 2.5 trillion yen (about $21 bill...
- January 8, 2015
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Subaru scraps plan to shift Crosstrek production to U.S.
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JAPAN TODAY
Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company’s production plans said.
Fuji Heavy, wh...
Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company’s production plans said.
Fuji Heavy, wh...
- January 8, 2015
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SMBC to buy Citi Japan retail business in October: sources
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REUTERS
Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's (C.N) Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
The Sumitomo Mitsui Financial Group Inc (8316.T) unit will announce the long...
Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's (C.N) Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
The Sumitomo Mitsui Financial Group Inc (8316.T) unit will announce the long...
- December 25, 2014
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Japan’s Farmers Brace for Change
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WALL STREET JOURNAL
ASHIWAZAKI, Japan—Like most Japanese farmers, Fumio Tamura works long hours and makes little money, especially with domestic rice prices down by around a quarter over the past couple of years.
“Rice has gotten so cheap that I can barely make any profit after paying all the...
ASHIWAZAKI, Japan—Like most Japanese farmers, Fumio Tamura works long hours and makes little money, especially with domestic rice prices down by around a quarter over the past couple of years.
“Rice has gotten so cheap that I can barely make any profit after paying all the...
- December 23, 2014
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Narita passengers since 1978 opening top 900 million
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JAPAN TIMES
NARITA, CHIBA PREF. – The cumulative number of passengers at Narita International Airport in Chiba Prefecture topped 900 million Monday, 36 years and seven months after the airport’s opening.
Amid severe protests, the airport started operations with only one runway in May 1978. Bu...
NARITA, CHIBA PREF. – The cumulative number of passengers at Narita International Airport in Chiba Prefecture topped 900 million Monday, 36 years and seven months after the airport’s opening.
Amid severe protests, the airport started operations with only one runway in May 1978. Bu...
- December 23, 2014
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Thailand looking to Japan for railways revamp
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JAPAN TODAY
Thailand is talking to Japan with a view to building three rail routes in the Southeast Asian country, a Thai minister said on Saturday, the latest move by its military government to kick-start long-delayed plans to modernise its aging rail network.
Thailand wants three new lines ...
Thailand is talking to Japan with a view to building three rail routes in the Southeast Asian country, a Thai minister said on Saturday, the latest move by its military government to kick-start long-delayed plans to modernise its aging rail network.
Thailand wants three new lines ...
- December 23, 2014
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Honda begins sales of all-new mini-vehicle N-BOX SLASH
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JAPAN TODAY
Honda Motor Co on Monday began sales of the all-new mini-vehicle, N-BOX SLASH, the fifth model of the N Series, at dealerships across Japan.
The N-BOX SLASH features a boxy and yet coupe-like form as well as complete coordination of exterior design with a custom car taste, bold in...
Honda Motor Co on Monday began sales of the all-new mini-vehicle, N-BOX SLASH, the fifth model of the N Series, at dealerships across Japan.
The N-BOX SLASH features a boxy and yet coupe-like form as well as complete coordination of exterior design with a custom car taste, bold in...
- December 23, 2014
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Idemitsu eyes buyout of Shell Sekiyu
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JAPAN TODAY
Japan’s second-largest oil distributor Idemitsu Kosan is planning to acquire its smaller rival Shell Sekiyu in a deal worth an estimated $4.18 billion, a report said Saturday.
The deal, which would create a firm controlling nearly one third of the domestic market, would see Showa ...
Japan’s second-largest oil distributor Idemitsu Kosan is planning to acquire its smaller rival Shell Sekiyu in a deal worth an estimated $4.18 billion, a report said Saturday.
The deal, which would create a firm controlling nearly one third of the domestic market, would see Showa ...
- December 23, 2014
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CEO of Japan energy start-up steps down after accounting probe
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JAPAN TODAY
The head of Japanese energy start-up Eneres Co, which debuted on Tokyo’s stock exchange amid much fanfare in October 2013, has resigned after an independent investigation flagged concerns over its accounting practices.
Eneres shares more than doubled in its first trading day and s...
The head of Japanese energy start-up Eneres Co, which debuted on Tokyo’s stock exchange amid much fanfare in October 2013, has resigned after an independent investigation flagged concerns over its accounting practices.
Eneres shares more than doubled in its first trading day and s...
- December 23, 2014
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Japan announces solutions for suspended grid connection applications
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JAPAN TODAY
The Agency for Natural Resources and Energy of Japan’s Ministry of Economy, Trade and Industry (METI) has announced that it will review the operation of the feed-in tariff (FIT) policy with the aim of solving the problem of the suspension of grid connection applications.
The appli...
The Agency for Natural Resources and Energy of Japan’s Ministry of Economy, Trade and Industry (METI) has announced that it will review the operation of the feed-in tariff (FIT) policy with the aim of solving the problem of the suspension of grid connection applications.
The appli...
- December 23, 2014
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