BUSINESS

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SBI Shinsei Bank targets ¥400 billion Tokyo IPO for valuation around ¥1 trillion

SBI Shinsei Bank targets ¥400 billion Tokyo IPO for val...

The lender was taken private in 2023 to repay Shinsei’s government bailout, whic...

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Japan’s Seven Bank mulls investing in FamilyMart card affiliate

Japan’s Seven Bank mulls investing in FamilyMart card a...

The Tokyo-based bank is looking for areas beyond its main business of operating ...

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Elliott takes Toyota Industries stake and sees buyout price as too low

Elliott takes Toyota Industries stake and sees buyout p...

Toyota Industries disclosed in a filing that Elliott Investment Management had a...

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Concentration of corporate power a 'huge' concern: U.N. rights chief

Concentration of corporate power a 'huge' concern: U.N....

In an interview, Volker Turk pointed out how seven or eight big tech companies n...

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SoftBank sells Nvidia stake for $5.8 billion to fund AI bets

SoftBank sells Nvidia stake for $5.8 billion to fund AI...

The Tokyo-based company now boasts a portfolio that includes some of the world’s...

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German court rules against OpenAI in copyright case

German court rules against OpenAI in copyright case

OpenAI has faced court cases in the U.S. regarding their ChatGPT, but the challe...

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Cyberattack leaves Asahi struggling as rival brewers gain ground

Cyberattack leaves Asahi struggling as rival brewers ga...

The ransomware attack on Asahi Group Holdings disabled its internal system that ...

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Shiseido seen logging record annual net loss of ¥52 billion

Shiseido seen logging record annual net loss of ¥52 bil...

Shiseido said that about 200 jobs at the company and a subsidiary will be shed t...

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European Commission seeks firmer line on EU use of Huawei and ZTE equipment

European Commission seeks firmer line on EU use of Huaw...

If an earlier recommendation to stop using high-risk vendors becomes a legal req...

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Sony lifts profit view on anime strength and tariff revision

Sony lifts profit view on anime strength and tariff rev...

The Tokyo-based conglomerate now expects ¥1.43 trillion in operating profit for ...

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Japan's April-September current account surplus hits record high

Japan's April-September current account surplus hits re...

The current account balance expanded mainly because the trade balance swung to a...

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Bank of Japan signals it's inclined to increase rates, with the usual caveats

Bank of Japan signals it's inclined to increase rates, ...

The central bank will make the move as long as wages keep moving up at a healthy...

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Unions slam Trump for giving China a pass on shipbuilding

Unions slam Trump for giving China a pass on shipbuilding

The union reaction came after Trump touted a trade truce between the world’s lar...

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Olympus soars most in six years on job cuts and shakeups

Olympus soars most in six years on job cuts and shakeups

CEO Bob White said he plans to cut about 2,000 jobs, or roughly 7% of the firm’s...

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Goldman sees U.S. investors flocking to Japan as Nikkei surges

Goldman sees U.S. investors flocking to Japan as Nikkei...

The inflow of U.S. funds reflects the strong performance of Japanese equities in...

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Tokyo ranked world’s richest city by GDP, with Osaka-Kobe also rated highly

Tokyo ranked world’s richest city by GDP, with Osaka-Ko...

The Japanese capital excelled thanks to its "operational excellence, technologic...