One of Japan’s largest automakers, Nissan Motor Co, has seen its third quarter operating profit slim down by losing 15 per cent, and amounting only 114bn yens. Nevertheless, the picture doesn’t seem so dark for Nissan as forecast for the company’s global sales was raised by 65,000 units, to amount an overall of 4.165 automobiles [...]
Prada, the Italian fashion house that expanded into the Asian market fairly recently, indicated that Asia’s booming market helped lift the group’s sales from 2010 to a record. The group reported that its revenue increased by 31 per cent in 2010, to EUR2bn. Tweet This Post
According to Reuters, a source familiar with a soon-to-be announced transaction stated that the Japanese Mizuho Financial Group intends to buy shares in Orient Corp, a consumer credit firm. Tweet This Post
Daikin Industries of Japan is in the process of purchasing its competitor – Goodman Global Group. Daikin is negotiating with Hellman & Friedman, a U.S. buyout firm. Incoming search terms:daikin goodmandaikin purchases goodmangoodman daikindaiken to purchase goodmanGoodman global sell rumorsgoodman global sale rumorsGoodman Global NewsGoodman Global Hellman Friedmangoodman global daikinGoodman Global Buyout Tweet This Post
South Korea has started on Monday its live fire naval exercise, and the country’s military announced that the exercises will take place in the near-by area of the Northern Limit Line. Pyongyang has sent out warnings to South Korea about naval military drills, stating that these would be provocative if held in the disputed waters [...]
US officials reported on Wednesday that the foreign ministers of South Korea, Japan and the United States will be meeting on Monday, November 6, in Washington. Tweet This Post
Johnson & Johnson confirmed Wednesday it five recalls of 100,000 contact lens boxes. The first recall on contact lenses which were eye stinging was made by the company on Wednesday. Tweet This Post
China is called upon to act to help resolve the crisis triggered by North Korea’s bombing of an island off South Korea using its influence on the North, say U.S. officials. Tweet This Post
Mitsubishi Corporation, the biggest trading firm in Japan, has stated that the Ulan joint venture it has in Australia for thermal-coal mining will receive investment funds amounting $1.27bn, A$1.3bn respectively. Tweet This Post
Despite 2 summits, the Group of 20 emerging economies in Seoul and the Asia Pacific meet in Japan, there is little to show that developed and emerging countries have settled their disputes on the best way to tackle the economic crisis. Tweet This Post