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SINGAPORE: Private exchange iSTOX, backed by Singapore Exchange and other investors, said yesteday it is raising US$50mil in its first major funding round, led by two Japanese state-backed firms.
TOKYO: ANA Holdings Inc forecast its biggest-ever operating loss of 505 billion yen (US$4.8bil) for the fiscal year through March 2021, the latest airline to face an existential threat to its business due to the pandemic.
TOKYO: The Japanese government has guaranteed most of a loan to Nissan Motor Co from the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40% of 713 billion yen (US$6.7bil) in finance for Japan’s No.2 automaker.
TOKYO: The Japanese government has guaranteed most of a loan to Nissan Motor Co from the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40% of 713 billion yen ($6.7 billion) in finance for Japan's No.2 automaker.
Japan’s SkyDrive Inc, among the myriad "flying car” projects around the world, has carried out a successful, though modest, test flight with one person aboard.
TOKYO: Japanese airline company ANA Holdings Inc is in talks with multiple banks to raise capital of up to 500 billion yen (US$4.7bil) in the wake of the coronavirus-driven slump in air travel demand, the Nikkei business daily reported yesterday.
TOKYO: Mazda Motor Corp has sought loans totalling about 300 billion yen (US$2.8bil) from Japan’s three megabanks and other lenders to ride out the coronavirus (Covid-19) epidemic, a source said on Saturday.
(Reuters) - Japanese Prime Minister Shinzo Abe on Tuesday unveiled a near $1 trillion (£813.87 billion) stimulus package in which the government vowed to take all steps to battle the deepening fallout from the coronavirus pandemic.
TOKYO: Showa Denko K.K., Japan’s No. 3 diversified chemicals supplier, agreed to pay more than double its own market value to buy its bigger rival Hitachi Chemical Co, a deal that would expand its car battery and high-function materials business.