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  • Japanese couple are bread-making heroes in Germany

    MUNICH, Germany -- In the southern German city of Munich, home to high-tech companies such as BMW and Siemens, a Japanese couple from Nagoya have become unlikely local heroes for devoting their lives to reviving the dying art of baking traditional G

    May 23, 2018 12:35 pm JST
  • Vandana Hari

    Iran sanctions -- dreaded deja vu for Asia

    For four long years, between 2012 and 2015, Asian companies were held hostage by U.S. demands to reduce their business dealings with Iran and throttle back their crude imports -- or face sanctions from Washington.Less than three years after the rest

    May 23, 2018 07:00 am JST
  • Japan urges more of Latin America to join TPP

    TOKYO -- Japan is encouraging more countries from Central and South America to join the reworked Trans-Pacific Partnership trade pact, in hopes of both capturing the potential of these markets and pressuring the U.S. to return to a framework it left

    May 23, 2018 03:41 am JST
  • Takeda to sell off China joint venture stake for $280m

    TOKYO -- Takeda Pharmaceutical will divest its majority stake in a Chinese joint venture, seeking to secure its financial footing as it prepares to acquire Irish drugmaker Shire.The deal, announced Monday, is estimated at $280 million.Takeda will se

    May 22, 2018 02:25 am JST
  • Japan gains help in crackdown on North Korean smugglers at sea

    TOKYO -- The Japanese government is working with Asian neighbors as well as faraway countries like Canada and the U.K. to clamp down on North Korean smuggling to ensure that United Nations sanctions continue to pressure the Pyongyang regime.To gain

    May 22, 2018 01:30 am JST
  • Takeda to issue up to $20bn in bonds for Shire takeover

    TOKYO -- Japanese drugmaker Takeda Pharmaceutical is set to issue up to $20 billion (2.2 trillion yen) in bonds to finance its acquisition of Ireland-based drugmaker Shire, in what would be the biggest-ever debt issuance by a Japanese company, Nikke

    May 21, 2018 06:03 pm JST
  • Asian drugmakers hunt Western rivals after Takeda

    TOKYO -- Takeda Pharmaceutical is pushing into the ranks of multinational drug giants with its deal for Irish peer Shire. But the 46 billion pound ($62 billion) purchase is not just about one company's ambition. It is emblematic of a larger trend, i

    May 20, 2018 12:30 pm JST
  • Germany's Merkel to visit China May 24-25: spokeswoman

    BERLIN (Reuters) -- Chancellor Angela Merkel will fly to China next week for a two-day visit that includes talks with President Xi Jinping and Premier Li Keqiang, a government spokeswoman said on Friday.Merkel will be in China May 24-25 to discuss p

    May 18, 2018 07:28 pm JST
  • Belt and Road offers path into China for foreign financial firms

    HONG KONG -- China's Belt and Road Initiative has begun luring international investors and financial institutions that view the foreign policy venture not only as a business opportunity, but also as a way to buy Beijing's goodwill before the country

    May 18, 2018 06:37 pm JST
  • EU remains unconvinced by Thai seafood industry reforms

    BANGKOK -- Thailand's multi-billion dollar seafood industry continues to be assailed by the European Union, which is refusing to give the sector a clean bill of health following decades of exploitative and unregulated fishing offshore.The latest rul

    May 18, 2018 11:35 am JST
  • A look at the all-star team behind the Takeda-Shire deal

    TOKYO Six major investment banks guided the $62 billion takeover agreement between Japan's Takeda Pharmaceutical and Irish drugmaker Shire, marking a coup for Japanese and U.S. financial advisers.Advising Takeda during its month-long courtship of Sh

    May 17, 2018 10:00 am JST
  • CATL to finish study for European electric-vehicle battery plant

    HANNOVER, Germany -- Contemporary Amperex Technology, one of the world's leading battery makers for electric vehicles, will soon decide whether to build a manufacturing plant in Europe, an executive of the Chinese company said on Tuesday.In his keyn

    May 16, 2018 06:05 pm JST
  • Portuguese utility EDP rebuffs buyout bid from China Three Gorges

    20180512_Three Gorges Dam

    PARIS -- Portuguese utility EDP said Tuesday that it has rejected a takeover bid of about 9.1 billion euros ($10.7 billion) from China Three Gorges, the power and gas company's biggest shareholder."The executive board of directors considers that the

    May 16, 2018 01:39 pm JST
  • Swiss seek quick talks with Malaysia on 1MDB investigation

    ZURICH (Reuters) -- Swiss federal prosecutors are seeking quick talks with Malaysian counterparts on how to press forward with an investigation of suspected corruption surrounding scandal-hit sovereign wealth fund 1MDB, the Swiss attorney general's

    May 15, 2018 06:59 pm JST
  • Ominous earnings outlook boosts Takeda's case for Shire bid

    TOKYO -- Takeda Pharmaceutical projects net profit will fall 26% for the year ending next March, exposing the limits of independent growth as the drugmaker pursues a titanic deal for Ireland's Shire.The Osaka-based company on Monday forecast a conso

    May 15, 2018 06:38 am JST
  • Japan automakers race past rivals in profit margins

    TOKYO -- Japan's top three automakers are scoring far wider profit margins than their big foreign rivals, thanks to streamlining at various stages from design to production.Toyota Motor, Nissan Motor and Honda Motor, all of which had released their

    May 15, 2018 06:13 am JST
  • Nissan says equity change in Renault alliance an option

    TOKYO (Reuters) -- Nissan Motor and its French automaking partner Renault SA are considering a range of options, including a more balanced equity structure, to ensure their alliance survives beyond its current leadership, the Japanese company said o

    May 15, 2018 01:07 am JST
  • Macau's Galaxy strengthens relationship with Monaco partner

    TOKYO -- Macau casino operator Galaxy Entertainment Group and Monaco-based Societe des Bains de Mer will strengthen their partnership as they work to obtain an operating license for a casino-resort development in Japan, a market that global gaming c

    May 14, 2018 10:04 pm JST
  • Startups in Asia

    China's 'four dragons' drive hopes for electric car industry

    BEIJING -- China for years has tried to establish itself as an auto manufacturing powerhouse, but its vision of creating a major global brand to compete with Japanese, U.S. and European automakers has failed to materialize. Now, the government wants

    May 13, 2018 12:29 pm JST
  • Asus to pay 65m euro settlement for price manipulation

    TAIPEI -- Taiwan's Asustek Computer, known as Asus, on Friday said it reached an agreement with the European Union to pay about 65 million euros ($77.6 million) to settle allegations of price manipulation in its PC business in Europe."Although it is

    May 12, 2018 02:03 am JST