2024-09-05 22:53:00
German automaker BMW has announced that it will jointly develop next-generation fuel cells with Toyota Motor Corporation and begin mass-producing fuel cell vehicles from 2028.
2024-09-05 19:34:00
Seven & i Holdings, which has received a takeover proposal from a major Canadian convenience store chain, held a board meeting on the 5th and has reserved a decision on whether to accept the proposal. The company plans to continue dialogue with the other party and reconfirm the purpose of the proposal.
2024-09-05 19:14:00
Regarding a condominium in Kunitachi City, Tokyo, which was decided to be demolished just before it was to be handed over because it blocked views of Mount Fuji, Yoshihiro Nakai, president of Sekisui House, a major housing manufacturer involved in the project, apologized at an earnings conference, saying, "We apologize for the inconvenience caused by our delayed decision-making."
2024-09-05 19:00:00
At a regular press conference, JA Zenchu (National Federation of Agricultural Cooperative Associations), Chairman Toru Yamano, asked consumers to understand that the expected increase in the price of this year's new rice is due to rising production costs.
2024-09-05 18:15:00
On the 5th, the Tokyo foreign exchange market saw a rise in the value of the yen to the 143 yen range against the dollar, as investors sold dollars and bought yen in anticipation of a significant interest rate cut by the US central bank.
2024-09-05 17:26:00
In a speech in Kanazawa, Takada Hajime, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, expressed the view that further interest rate hikes should be considered while monitoring future trends in corporate wage increases, capital investment, and other areas.
2024-09-05 16:39:00
Multiple U.S. media outlets have reported that President Biden is preparing to announce that he will formally block Nippon Steel's plan to acquire U.S. Steel, a major American steelmaker.
2024-09-05 16:19:00
On the 5th, the Nikkei average fell on the Tokyo stock market as the yen strengthened in the foreign exchange market and export-related stocks were sold.
2024-09-05 13:44:00
The Chinese economy continues to stagnate. A major factor is the real estate slump, but the Chinese Communist Party has failed to come up with any fundamental measures. Meanwhile, Japanese companies are facing new difficulties. Some local companies are losing out in competition with Chinese companies and are considering withdrawing from the country. Commentator Mikoda, who has covered the Chinese economy for many years, provides a detailed explanation. *Information current as of September 5th. (Video: 9 minutes 44 seconds)
2024-09-05 10:53:00
Toyota Motor Corporation resumed production of three vehicle models that had been suspended at its plants in Miyagi and Iwate prefectures following the discovery of fraud in national certification tests on the evening of the 4th. This marks the first resumption of production in about three months.
2024-09-05 10:28:00
Multiple U.S. media outlets have reported that President Biden is preparing to announce that he will formally block Nippon Steel's plan to acquire U.S. Steel, a major American steelmaker.
2024-09-05 10:07:00
On the 5th, the Tokyo Stock Exchange saw sell orders for export-related stocks, and the Nikkei average temporarily fell by more than 600 yen.
2024-09-05 09:20:00
On the 5th, the Tokyo foreign exchange market saw a widespread trend of selling dollars and buying yen due to speculation that the US central bank might implement a significant interest rate cut, and the yen rose to the 143 yen range per dollar.
2024-09-05 09:09:00
On the 5th, the Tokyo stock market saw an unabated surge in sell orders, as it had on the 4th, and the Nikkei average fell by more than 600 yen.
2024-09-05 08:56:00
In July of this year, the total amount of cash wages per worker, including basic salary and bonuses, increased for the 31st consecutive month, due to the results of the spring labor offensive, and real wages, which reflect prices, also increased for the second consecutive month.
2024-09-05 08:44:00
On the 4th, the Bank of Canada decided to lower its policy interest rate in light of the slowing trend in inflation. This marks the third consecutive interest rate cut.
2024-09-05 07:31:00
There have been a series of problems involving the acquisition of small and medium-sized enterprises, with some buyers withdrawing cash from the target companies and leaving the business unattended. An industry group made up of intermediaries has decided to take measures to share information on unscrupulous buyers within the industry, and the challenge is to reduce the damage.
2024-09-05 07:30:00
As addressing the issue of decarbonization becomes a challenge, seven Japanese shipping companies and shipbuilding companies have decided to work together to develop a ship to transport liquefied carbon dioxide, and to consider tank design and transportation methods.
2024-09-05 06:47:00
The Federal Reserve Board released its latest economic report, which showed a slowdown in the US economy, with consumer spending and manufacturing activity declining in most regions.
2024-09-05 06:37:00
Multiple U.S. media outlets have reported that President Biden is preparing to announce that he will formally block Nippon Steel's plan to acquire U.S. Steel, a major American steelmaker.
2024-09-05 05:57:00
Swedish car manufacturer Volvo Cars announced that it would make all of its cars sold EVs (electric vehicles) by 2030, but has now revealed that it will withdraw this plan. This is likely due to a slowdown in demand for EVs.
2024-09-05 05:35:00
KKR, the American investment fund that has been planning to acquire Fujisoft, a company that deals in business software, has decided to bring forward its takeover bid. Another American investment fund has just announced that it will make an acquisition bid for the company on the 3rd, intensifying the bidding war between the two funds.
2024-09-05 04:22:00
In an interview with the Wall Street Journal, the top executive of U.S. Steel, a major American steel manufacturer, mentioned the possibility of closing its steel mill in Pennsylvania and relocating its headquarters if the acquisition by Nippon Steel does not go through.
