Top execs resign at Japanese supplement firm linked to dozens of deaths

Tokyo, 24 July, /AJMEDIA/ The chairman and president of a major Japanese dietary supplement maker announced their resignation on Tuesday, as the company probes dozens of deaths potentially linked to… Read more

China’s Baosteel to buy out Nippon Steel’s 50% stake in auto steel venture

Tokyo, 24 July, /AJMEDIA/ China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. The contract for the… Read more

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

Tokyo, 24 July, /AJMEDIA/ Coca-Cola is raising its full-year sales guidance after a stronger-than-expected second quarter boosted by continued price increases. The Atlanta beverage giant said Tuesday it now expects… Read more

Azerbaijani oil price down in global markets

Tokyo, 23 July, /AJMEDIA/ The price of a barrel of Azeri Light crude oil decreased by $2.12, or 2.4%, settling at $86.34. “Azeri Light” crude oil reached its lowest level… Read more

Crisis-hit Boeing flies high at Farnborough Airshow; gets big order from JAL

Tokyo, 23 July, /AJMEDIA/ Boeing announced Monday a raft of orders on the first day of Britain’s Farnborough Airshow, shrugging off safety and production woes as the industry struggles to… Read more

China central bank cuts two key rates to support flagging economy

Tokyo, 23 July, /AJMEDIA/ China’s central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world’s second-largest economy. Beijing is… Read more

Oil prices rise in global markets

Tokyo, 22 July, /AJMEDIA/ Oil prices have surged in global markets. On the London InterContinental Exchange Futures (ICE), Brent crude oil increased by $0.49, reaching a trading value of $83.12.… Read more

Japan finds a ‘stealth’ cure for zombie businesses: Let them fail

Tokyo, 22 July, /AJMEDIA/ For much of its 72 years, Hitoshi Fujita’s company, Sakai Seisakusho, was just another mom-and-pop business grinding out metal parts. Then it did something unusual for… Read more

Mos Burger chain operator to start recruiting foreign workers

Tokyo, 22 July, /AJMEDIA/ The operator of the Mos Burger chain will start recruiting skilled foreign workers to help restaurants cope with Japan’s labor shortage, officials of the fast food… Read more

Small businesses grapple with global tech outages created by CrowdStrike

Tokyo, 22 July, /AJMEDIA/ An owner of a consumer insights research firm couldn’t pay her employees, make Friday’s deadline to sign a contract for a new business or send key… Read more