Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›
Nikkei
Nissan seeking $4.6 billion line of credit following coronavirus sales hit
On Thursday, Japan’s Nikkei business daily reported, Nissan Motor has requested a $4.6 billion (500 billion yen) line of credit from major lenders following a downward trend in sales due to the coronavirus outbreak. Nissan made the request to three… Read More ›
G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
Mitsubishi Corp to provide $1.4 billion to Chiyoda Corp eyeing increased global demand for LNG
Chiyoda is one of the world’s top builders of liquefied natural gas (LNG) plants. With increased global demand for LNG, the plant engineering firm’s fortunes potentially has a bright future. On Monday, as per a report from the Nikkei newspaper,… Read More ›
Production cut for Apple’s iPhone X is overstated: iPhone X component maker Murata Manufacturing Co
The Nikkei had earlier reported a 50% cut in iPhone X’s production target. A senior executives from Japan’s Murata Manufacturing Co stated that the production cut for Apple’s iPhone X, is overstated. Murata, which supplies components for the iPhone X,… Read More ›
Tokyo prosecutors raid Japanese construction firms over Maglev projects
The politically influenced construction industry in Japan has seen frequent alleged bid-rigging related issues crop up. The current issue revolves around laying maglev lines that link up Tokyo, Nagoya and Osaka. On Tuesday, prosecutors in Tokyo raided the headquarters of… Read More ›
Data falsification in Quality Assurance standards engulfs Mitsubishi Materials Corp
The latest QA related scandal revolves around Japan’s Mitsubishi Materials Corp’s O-Ring sealents which impacts the aircraft and aerospace and nuclear industries. In yet another instance of a quality assurance scandal, Japan’s Nikkei financial daily reported, citing multiple sources, that… Read More ›
The Japanese Yen and the Euro are rising against the USD following Pyongyang’s testing its nuclear device
Although North Korea’s move have seen many investors moving to Japanese assets, many investors worry that in the event of an actual war, these very assets may lose their shine. With North Korea raising the ante, gold, the Japanese yen,… Read More ›