Japanese pharmaceutical giant Takeda has agreed to buy US drugmaker Ariad Pharmaceuticals for $5.2bn (£4.3bn). Ariad specialises in making medicines for patients with rare forms of leukemia and other rare cancers. The takeover was approved by the boards ... ( read original story ...)
Tokyo stocks fall at open, Toyota up on US investment news
Tokyo stocks fell Tuesday as exporters dropped and after Wall Street finished lower, but Toyota rose on news it is investing about $10 billion in the US over the next five years. The benchmark Nikkei 225 index was down 0.37 percent, or 72.19 points, to sit ... ( read original story ...)
S. Korean Dies After Setting Himself Ablaze Over Japan Deal
A South Korean Buddhist monk has died days after he set himself on fire to protest the country's deal with Japan on former Korean sex slaves, a Seoul hospital said Tuesday. The monk, 64, set himself ablaze Saturday during rallies against impeached ... ( read original story ...)
Third-generation heir to kimono business finds success in recycling traditional garb
For Kenichi Nakamura, the third-generation heir of a nearly century-old kimono business, the market for the traditional Japanese garment, currently a sixth of its peak, is full of hidden potential. The 62-year-old president of Tokyo Yamaki Co. believes ... ( read original story ...)
Sapporo licenses Thai firm to produce ethanol
Japanese brewer Sapporo Holdings Ltd has licensed Thai fuel retailer PTG Energy Plc to manufacture cassava-based bioethanol. The deal was signed Monday between Sapporo and Innotech Green Energy Co, PTG's subsidiary and joint venture with Thai tapioca ... ( read original story ...)
Nikkei little changed, trim earlier losses amid U.S. policy hopes
TOKYO Jan 10 Japan's Nikkei share average was little changed on Tuesday, trimming earlier losses amid hopes that U.S. President-elect Donald Trump would provide stimulus-supportive hints at an upcoming news conference. The Nikkei initially slipped as much ... ( read original story ...)
Takeda to Acquire ARIAD Pharmaceuticals, Inc.
CAMBRIDGE, Mass. & OSAKA, Japan--(BUSINESS WIRE)--Takeda Pharmaceutical Company Limited (TSE:4502) (“Takeda”) and ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA) (“ARIAD”) today announced that they have entered into a definitive agreement under which ... ( read original story ...)
Takeda is buying Ariad Pharmaceuticals in a $5.2 billion deal
Here's the press release: CAMBRIDGE, Mass. & OSAKA, Japan--(BUSINESS WIRE)--Takeda Pharmaceutical Company Limited (TSE:4502) (“Takeda”) and Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) (“Ariad”) today announced that they have entered into a definitive ... ( read original story ...)
Sonalika maker looks to take tractors global
NEW DELHI: After increasing its stake in International Tractors (ITL)— makers of Sonalikabranded tractors — Japanese agri-equipment manufacturer ... We were earlier considering an IPO to provide an exit to Blackstone. But now that Yanmar has bought ... ( read original story ...)
Donald Trump to meet with Alibaba's Jack Ma
Last month, Trump announced that Japan's SoftBank had agreed to invest $50 billion in ... "Our U.S. strategy is simple and clear", Ma said in a 2015 op-ed. Since its 2014 IPO, e-commerce industry observers have been waiting for Alibaba to court USA consumers. ( read original story ...)
Power surge: Chinese electric car battery maker charges for global market
China's answer to Japan's Panasonic Corp and South Korea's LG Chem Ltd has ... A123, a U.S. automotive battery maker, went from IPO to bust in just three years as battery costs remained stubbornly high and orders dried up. "People think we're a big ... ( read original story ...)
McDonald's Sells Control Of China Business To Citic, Carlyle
As McDonald's streamlines its sprawling global operations, the fast-food giant is also looking at further deals in markets such as South Korea, Japan and Southeast Asia ... and today’s top-performing IPO stocks. Get 4 free weeks of the IBD Digital ... ( read original story ...)
IBM Keeps Lead In Patent Field; Amazon Shows Fastest Growth
U.S. firms accounted for the most, 41%, followed by Japan at 28% and South Korea at 15% ... and today’s top-performing IPO stocks. Get 4 free weeks of the IBD Digital edition plus access to IBD's exclusive market analysis, proprietary stock ratings ... ( read original story ...)
Donald Trump: 'Great meeting' with Alibaba's Jack Ma
Since its 2014 IPO, e-commerce industry observers have been waiting for ... Arnault is looking at sites in North Carolina and Trump said he is also considering a location in the Midwest. Japanese tech giant Softbank also reiterated a commitment to create ... ( read original story ...)
Fintech Talk: Fintech potential in deepening capital market penetration (Part 2)
These technologies that are currently being developed in Japan and South Korea ... there is also fintech that targets pre-initial public offering (IPO) markets, nicknamed angel trading and commonly known as crowd-funding equity, which is the joint purchase ... ( read original story ...)
How Jack Ma Is Selling Jobs to Trump
Alibaba went public in the U.S. in 2014, raising $25 billion in what was then the largest IPO in history. One of its largest shareholders is Japanese telecom giant Softbank, a company that Trump applauded in December for its decision to invest $50 billion ... ( read original story ...)