TOKYO (Reuters) – Dai-ichi Mutual Life Insurance set the per share price for its $11 billion initial public offering at the middle of a pre-set range, suggesting lukewarm demand for the world’s biggest IPO in 2 years.
Dai-ichi, Japan’s No.2 life insurer, said on Tuesday it would sell shares at 140,000 yen each ahead of its listing in Tokyo on April 1, after gauging demand from investors with a tentative range of 125,000 to 155,000 yen.
TOKYO (Reuters) – It all began with a penicillin jab in his backside as a teenager.
Masafumi Nogimori saw first-hand how drugs were effective against infection, and so began a life-long love affair with the pharmaceuticals industry that has taken the 62-year-old CEO of Japan’s Astellas Pharma Inc to the brink of the firm’s biggest takeover deal.
TOKYO, Feb 25 (Reuters) – European planemaker Airbus <EAD.PA>
is close to an agreement with partner nations on a deal to rescue
the A400M military transporter plane project, Airbus CEO Tom
Enders told reporters in Tokyo on Thursday.
Airbus has been at odds with seven European NATO nations,
including Germany, over the responsibility for cost overruns and
a long production delay on the troop and equipment transporter
that is urgently needed in Afghanistan.
TOKYO/WASHINGTON, Feb 19 (Reuters) – Toyota Motor Corp’s
<7203.T> head bowed to pressure to testify before U.S.
lawmakers and explain the company’s safety crisis, becoming the
highest profile Japanese executive to face such a grilling from
Akio Toyoda, the grandson of Toyota’s founder, said on
Friday he intends to provide a “sincere explanation” of the
problems that led to the recall of millions of vehicles when he
testifies next Wednesday before a congressional panel.
TOKYO/WASHINGTON (Reuters) – The president of Toyota Motor Corp said on Friday he intends to give a “sincere explanation” about the company’s series of safety recalls when he testifies in front of U.S. lawmakers next week.
Akio Toyoda, the grandson of Toyota’s founder, accepted an invitation to testify next Wednesday before a congressional panel. His decision ends days of uncertainty about how the embattled automaker would respond to calls for a better response over its safety issues.
SINGAPORE (Reuters) – The global economy may be climbing out of recession but the air transport industry does not expect any significant pick up in orders this year, executives said on Wednesday.
“Cautious optimism” is the dominant phrase at the Singapore Airshow this week, the first major industry event of the year after a wretched 2009, when aircraft orders at both Boeing <BA.N> and Airbus <EAD.PA> were the worst in 15 years.
SINGAPORE, Feb 3 (Reuters) – Lufthansa Technik, the
maintenance arm of German airline Deutsche Lufthansa AG
<LHAG.DE>, sees revenues flat this year from 2009, as global
airlines struggle to return to profit following the economic
“If we can make similar revenues that we made in 2009, I
think that’s good,” chairman of the executive board, August
Wilhelm Henningsen, told Reuters at the Singapore Airshow.
SINGAPORE, Feb 3 (Reuters) – European aerospace giant
Airbus said on Wednesday it sees a recovery in global traffic
volume in 2010, but expects its sales of aircraft this year to
The company expects to sell around 10 A380 superjumbo jets,
the world’s biggest aircraft, in 2010, compared with four last
year and nine in 2008.
SINGAPORE, Feb 2 (Reuters) – Mitsubishi Aircraft Corp, a
unit of Japan’s Mitsubishi Heavy Industries Ltd <7011.T>, said
its new MRJ jet, Japan’s first domestically developed passenger
aircraft, should capture 30 percent of the short-haul market in
The jet, to be built in 70-seat and 90-seat variants, will
be more fuel efficient and help airlines cut operating costs by
as much as $20 million over the next 20 years, said Yosuke
Takigawa, senior vice president of sales and marketing.