Asian companies from Techtronic Industries Co. to Maruti Suzuki India Ltd. said currency hedges will help them withstand the impact of the euro’s slump after stocks plunged on concern the region’s debt crisis will spread.
Sony Corp. is considering investing hundreds of millions of dollars in Israeli medical technology companies and has sent a team to Israel to meet with venture capital funds, the financial daily Globes said today, without saying where it got the information. George Boyd, a Sony spokesman, declined to comment on the report when reached by phone.
Taiwan’s government is in talks with Japanese companies such as Hitachi Ltd. , Sony Corp. and Fujitsu Ltd. on possible investments including in the WiMax wireless broadband service, the Commercial Times reported , without saying where it got the information.
Olympus Corp. is continuing discussions with Sony Corp., Terumo Corp. and Fujifilm Holdings Corp. about possible tie-ups as the Japanese camera maker seeks to increase its capital in the aftermath of an accounting fraud.