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Business

Report: Japan's Toshiba to buy British nuclear firm

TOKYO: Toshiba plans to buy a controlling interest in British nuclear firm NuGeneration in a bid to rekindle its atomic business which has not drawn any new orders since the 2011 Fukushima crisis, a report said Friday.

Business

Meltdowns unresolved, Tepco wants to restart plants

Tokyo Electric Power Co, the operator of the wrecked Fukushima nuclear station, will propose restarting another of its atomic plants next July in a new business plan to be released in December, the Yomiuri newspaper reported on Wednesday.

Business

Japan steelmaker says swings back to first-half profit

TOKYO: Nippon Steel & Sumitomo Metal Corp., the world's second-biggest steelmaker, said it swung to a profit in its fiscal first half on the back of strong demand tied to post-disaster rebuilding projects in Japan.

Business

Japan PM goes ahead with sales tax hike

Japan's prime minister vowed Tuesday to press ahead with a sales tax hike seen as crucial to shrinking a huge national debt, although critics fear it would derail a budding economic recovery.

Business

Japan Sept PMI shows manufacturing expanding at fastest since 2011 quake

TOKYO: Japanese manufacturing activity expanded in September at the fastest pace since a record earthquake and nuclear disaster in early 2011, a survey showed on Monday, suggesting the economy has been able to stage a full recovery due to strong domestic demand and recovering exports

Business

Japan auto giants to give workers a bonus boost

TOKYO: Japan's top automakers are set to give tens of thousands of employees an annual bonus bump as a weaker yen helped their bottom line while Tokyo presses firms to hike staff pay to lift the economy.

Business

E&O aims to double room sales this year

GEORGE TOWN: The Eastern & Oriental Hotel (E&O) aims to sell 44,000 rooms in 2013 compared to the 22,000 sold in 2012 with the opening of its new Victory Annexe Wing.

Business

Japan's "Long War" to shut down Fukushima

TOKYO: Just months after Quince was deployed to inspect Japan's tsunami-devastated Fukushima Daiichi nuclear plant, the US$6 million robot got trapped in its dark and winding pathways.

Business

Recession-hit Japan economy shrinks again

TOKYO: Japan's recession-hit economy shrank in the last quarter of 2012, official data showed on Thursday, as weak export demand overseas weighed but analysts pointed to brighter times ahead.

Business

Japanese markets will be looking out for last-minute deal to avert US fiscal cliff

JAPANESE shares rose more than four percent in the past week, with the benchmark Nikkei 225 index finishing at its highest level in 2012, as Japans new government vows to turn around the economy.