Plunging stock prices caused by Europe’s debt crisis will slash the number of new listings on the Tokyo Stock Exchange to about 50 this year, half the number projected in December, the bourse’s president said.
Coca-Cola Co. and Suzuki Motor Corp. are among companies pushing demand for transportation of machinery to Myanmar to bottle drinks and make trucks, after the country’s five decades of isolation during military rule.
Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. agreed to merge power-equipment businesses with combined sales of 1.1 trillion yen ($13 billion) to bolster their product line-ups and global sales reach.
Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. agreed to merge energy-equipment businesses with combined sales of 1.1 trillion yen ($13 billion), deepening ties between two of Japan’s largest industrial manufacturers.
Tokyo Station, the main hub for the city’s business district, unveiled its new rooftop domes today, marking the completion of a 50 billion yen ($645 million) refit for the nearly 100-year-old building.
Most Asian shares outside Japan rose after Chinese industrial profits increased for a fourth month. Japan’s Nikkei 225 Stock Average retreated after capping its longest weekly winning streak in more than 40 years.