Japanese companies from Toyota Motor Corp. to Sony Corp. are poised to report earnings that will provide evidence on whether Prime Minister Shinzo Abe’s policies are leading to a sustained economic recovery.
Starbucks Corp. is maintaining a coffee sourcing memorandum of understanding it has with India’s Tata Coffee Ltd. after India’s government formally removed the limit on foreign investment in single-brand retail.
Hyundai Motor Co. profit and sales beat analysts estimates on demand in China and Brazil, while South Korea’s largest carmaker said competition with Japanese rivals is increasing and global demand will slow.
Universal Entertainment Corp. fell to the lowest in more than two years in Tokyo trading after the Philippines said it was probing graft allegations and may cancel Chairman Kazuo Okada’s casino license if bribery was proven.
Softbank Corp. President Masayoshi Son is betting $20 billion he can add value by buying control of Sprint Nextel Corp. in the biggest Japanese purchase of a foreign company. There’s 26 trillion yen ($330 billion) that says he can’t.
Airbus SAS lost a Chinese aircraft order to Boeing Co. after the U.S. government used its influence with the Chinese government, the Financial Times reported, citing John Leahy , Airbus chief operating officer for customers.
Bright Food Group Co. Chairman Wang Zongnan aims to raise the share of overseas sales at Shanghai’s biggest food and dairy producer sixfold. After failing to buy yogurt and sugar companies, Wang may now turn to wine.
Toyota Motor Corp. and Honda Motor Co. had their credit-rating outlook raised by Moody’s Investors Service Inc., which cited the Japanese carmakers’ recovery from natural disasters and the benefits of a weaker yen.