TOKYO (Reuters) – Japan’s securities regulator sanctioned the domestic investment banking unit of Deutsche Bank on Thursday and one of its employees was arrested for lavishly entertaining pension fund clients, an act considered bribery under the law.
The moves mark the latest crackdown by Japanese authorities on pension fund executives who are subject to the same anti-bribery laws as government employees because part of the money they manage is invested in the national pension scheme.
TOKYO, Dec 5 (Reuters) – Tokyo police on Thursday arrested a
Deutsche Securities employee and a former Japanese client of the
brokerage for suspected bribery after the Deutsche official
allegedly spent thousands of dollars to entertain him.
The Tokyo Metropolitan Police said it had detained
Deutsche’s Shigeru Echigo, 36, and 60-year-old Yutaka Tsurisawa,
a former official at a corporate pension fund affiliated with
Mitsui & Co.
TOKYO/WASHINGTON (Reuters) – Japan and ally the United States sharply criticized China’s move to impose new rules on airspace over islands at the heart of a territorial dispute with Tokyo, warning of an escalation into the “unexpected” if Beijing enforces the rules.
China’s government-run Xinhua news agency published coordinates for a newly established “East China Sea Air Defense Identification Zone,” which covers most of that sea and includes the skies over the disputed islands.
SEOUL/TOKYO, June 1 (Reuters) – Automakers in Japan and
South Korea continued to post solid gains in global sales in May
with Hyundai Motor and Kia Motors
benefiting from the sustained recovery of the U.S. market while
Japanese car sales were supported by government incentives for
Auto sales are among the earliest indicators of demand in
global economies and U.S. auto sales have proven to be a bright
spot while negative headlines from euro zone countries dims the
TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said on Friday it would roll out eight compact car models tailored for emerging markets by 2015 in an attempt to catch up to front-runners such as Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) and General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz).
Toyota, which lost the crown as the world’s top automaker last year, is looking to reduce its dependence on the mature North American, European and Japanese markets. It wants to shift more of its weight to growth markets such as China, India and Brazil, where Volkswagen, GM and Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz) have taken the lead.
TOKYO, May 23 (Reuters) – Mazda Motor Corp, maker
of one of history’s most iconic two-seater convertibles, and
Fiat SpA are teaming up to produce a new generation of
sports cars to revive their flagging fortunes.
Automakers around the world have been forging partnerships
to share the rising burden of research and development as
governments tighten environmental and safety regulations, and to
lower costs amid stiffer competition.
YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) posted on Friday a one-third jump in quarterly profit and projected a 28 percent rise in the year ahead driven by brisk sales momentum in most major markets and the launch of 10 new models around the world.
Nissan has outshone domestic rivals Honda Motor Co (7267.T: Quote, Profile, Research) and Toyota Motor Corp (7203.T: Quote, Profile, Research) in the past year as Chief Executive Carlos Ghosn has pushed aggressively into fast-growing markets such as China and Russia.
YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) posted on Friday a one-third jump in quarterly profit and projected a 28 percent rise in the year ahead driven by brisk sales momentum in emerging markets.
January-March operating profit at Japan’s No.2 automaker rose 33 percent to 118.1 billion yen ($1.48 billion), against an average estimate of 120 billion yen from 20 analysts polled in the past 90 days by Thomson Reuters I/B/E/S.
TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) expects to treble its operating profit this year to more than $12.5 billion, its highest since the global financial crisis, as Japan’s top automaker recovers lost ground in markets from the United States to China.
Operating profit jumped more than five-fold in January-March to $3 billion, with all production centers back up and running after last year’s earthquake, tsunami and Thai floods disrupted supply chains and cost Toyota around 400,000 cars in lost output – roughly 9 weeks’ worth of U.S. sales.
TOKYO, May 9 (Reuters) – For three years, Akio Toyoda has
had to steer Toyota Motor Corp through one crisis after
another, from a damaging safety recall that took up to 10
million cars off the road to last year’s devastating earthquake
Now, the 56-year-old grandson of the automaker’s founder is
ready to go on the offensive.