2024-12-10 21:20:00
Cosmetics giant Kose has announced that it will acquire a Thai cosmetics company in order to strengthen sales in the expanding markets of Southeast Asia and India. The company plans to reduce its dependence on its Chinese business, where sales are sluggish, and strengthen its strategy for emerging markets in the Global South.
2024-12-10 20:08:00
It has been learned that Nippon Life Insurance is making arrangements to acquire a foreign company operating insurance businesses in Europe, the US, and other regions for approximately 1.2 trillion yen. With the domestic market expected to shrink due to a declining population, this will be the largest acquisition by a Japanese insurance company, with the aim of strengthening its overseas business all at once.
2024-12-10 18:45:00
On the Tokyo foreign exchange market on the 10th, the dollar was bought on the view that the interest rate gap between Japan and the US would widen following the rise in US long-term interest rates, and the yen fell in value.
2024-12-10 18:43:00
It has been learned that Nippon Life Insurance is making arrangements to acquire Resolution Life, which operates insurance businesses in Europe and the US, for approximately 1.2 trillion yen in order to strengthen its overseas business. Nippon Life already owns approximately 23% of the company's shares, but according to sources, it plans to purchase all of the shares, which is expected to amount to more than 8 billion dollars, or approximately 1.2 trillion yen. If the deal goes through, it will be the largest acquisition by a Japanese insurance company.
2024-12-10 18:29:00
As the need to secure funds for retirement grows, the government has entered into negotiations with the ruling party to raise the contribution limit for iDeCo, an individual-type defined contribution pension plan that offers tax benefits, in next year's tax reform. Proposals are being considered, including raising the combined limit for corporate pensions by 7,000 yen per month.
2024-12-10 18:13:00
JR East has announced plans to expand the functionality of Mobile Suica to include code payments and person-to-person money transfers by autumn of next year. After that, it plans to integrate the service in each area of East Japan and make it available on all lines.
2024-12-10 18:07:00
Cosmetics giant Kose has announced that it will acquire a Thai cosmetics company in order to strengthen sales in the expanding markets of Southeast Asia and India. The company plans to reduce its dependence on its Chinese business, where sales are sluggish, and strengthen its strategy for emerging markets in the Global South.
2024-12-10 16:31:00
On the 10th, the Tokyo stock market saw the Nikkei average rise as buying orders came in, particularly for semiconductor-related stocks, following the rise in major Asian stock price indexes.
2024-12-10 12:13:00
On the 10th, the Nikkei Stock Average on the Tokyo Stock Exchange rose slightly.
2024-12-10 08:30:00
On the 9th, German car giant Volkswagen held negotiations with the labor unions to which its employees belong over cost-cutting measures such as factory closures. The two sides were unable to reach an agreement this time either, and depending on future negotiations, there is a risk that a long-term strike will take place, further worsening the company's performance.
2024-12-10 05:56:00
A private survey has found that the percentage of female company presidents nationwide was 8.4% as of October this year, the highest ever. However, the company that conducted the survey points out that the percentage is still low at less than 10%, and the pace of increase is also slow.
2024-12-10 05:50:00
The Chinese government has announced that it has launched an investigation into Nvidia, a major American semiconductor company, for alleged antitrust violations. This is seen as a countermeasure against the US tightening its export controls on semiconductors to China.
