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☆ Japan's Seven & i Holdings to sell Sogo & Seibu unit to Fortress -sources
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: 1 min
TOKYO, Nov 11 (Reuters) - Japan's Seven & i Holdings Co Ltd (3382.T) has decided to sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group, people familiar with the matter said on Friday. Seven & i held an extraordinary board meeting on Friday to decide on the sale to the SoftBank Group Corp (9984.T) controlled fund, the people said. Reporting by Mariko Katsumura, Ritsuko Shimizu and Rocky Swift; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
☆ Factbox: List of squads for the 2022 World Cup
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +5 min
Midfielders: Aaron Mooy (Celtic), Jackson Irvine (FC St. Pauli), Ajdin Hrustic (Hellas Verona), Cameron Devlin (Heart of Midlothian), Riley McGree (Middlesbrough), Keanu Baccus (St Mirren). Goalkeepers: Alisson (Liverpool), Ederson (Manchester City), Weverton (Palmeiras). Midfielders: Bruno Guimaraes (Newcastle United), Casemiro (Manchester United), Everton Ribeiro (Flamengo), Fabinho (Liverpool), Fred (Manchester United), Lucas Paqueta (West Ham United). Midfielders: Thomas Delaney (Sevilla), Mathias Jensen (Brentford), Christian Eriksen (Manchester United), Pierre-Emile Hojbjerg (Tottenham Hotspur). JAPANDefender Yuta Nakayama was called up but will miss the World Cup after suffering an Achilles injury.
☆ Japan's SBI considering delisting Shinsei, Kyodo says
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 19 (Reuters) - Japanese financial group SBI Holdings (8473.T) is considering delisting mid-size lender Shinsei Bank Ltd (8303.T) and will explore options with the country's banking regulator, the Kyodo news agency reported on Wednesday. SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. An SBI spokesperson said it had nothing to announce at this time. The Japanese government owns about 20% of Shinsei following its bankruptcy in Japan's late 1990s banking crisis. SBI first took a stake in Shinsei after JC Flowers sold down its holding in 2019.
☆ Japan reopens to tourists with shuttered souvenir shops, hotel staff shortage
  + stars: | 2022-10-10 | by ( Kantaro Komiya Kentaro Sugiyama | Kantaro Komiya | Kentaro Sugiyama | ) www.reuters.com   time to read: +6 min
From Tuesday, Japan will reinstate visa-free travel to dozens of countries, ending some of world's strictest border controls to slow the spread of COVID-19. Just over half a million visitors have come to Japan so far in 2022, compared with a record 31.8 million in 2019. GHOST TOWNNarita Airport, Japan's biggest international airport some 70 kilometres from Tokyo, remains eerily quiet, with about half of its 260 shops and restaurants shuttered. Whether overseas visitors wear face masks and abide by other common infection controls in Japan is another concern. "From the start of the pandemic until now, we've had just a few foreign guests," said Tokyo innkeeper Sawa.
☆ Explainer: Why the weak yen isn't a big boost for Japan Inc anymore
  + stars: | 2022-09-22 | by ( Satoshi Sugiyama Maki Shiraki | Satoshi Sugiyama | Maki Shiraki | ) www.reuters.com   time to read: +3 min
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. Almost a quarter of Japanese manufacturers' production is carried out overseas, according to the latest trade ministry data. The weak yen drives up the cost of acquiring businesses overseas, although that could be less of a concern for many cash-rich Japanese firms. At the same time, the weak yen makes Japanese companies cheaper targets for foreign buyers. For retailers, the weak yen has been particularly painful, as it drives up costs, including for energy and food.
☆ Typhoon batters Japan with record rain, killing two
  + stars: | 2022-09-19 | by ( Kevin Buckland Kiyoshi Takenaka | Kevin Buckland | Kiyoshi Takenaka | ) www.reuters.com   time to read: +3 min
A man walks on the street in heavy rain and wind caused by Typhoon Nanmadol in Kagoshima on Japan's southernmost main island of Kyushu September 18, 2022, in this photo taken by Kyodo. NO COMMERCIAL OR EDITORIAL SALES IN JAPANTOKYO, Sept 19 (Reuters) - Typhoon Nanmadol brought ferocious winds and record rainfall to western Japan on Monday as one of the biggest storms to hit the country in years killed at least two people, disrupted transport and forced manufacturers to suspend operations. "We need to remain highly vigilant for heavy rains, gales, high waves and storm surges," a Japan Meteorological Agency (JMA) official told a news conference. Up to 400 mm (15.75 inches) of rain was expected in central Japan's Tokai region, the nation's industrial heartland, over the next 24 hours, it said. Intermittent bouts of heavy rain lashed Tokyo but businesses in the capital were largely operating as normal.
☆ Chubu Electric joins all-Japan Toshiba buyout consortium
  + stars: | 2022-09-17 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei KatoTOKYO, Sept 18 (Reuters) - Chubu Electric Power Co (9502.T) said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp (6502.T). JIP has contacted more than 10 companies including Chubu Electric, Orix Corp (8591.T) and Central Japan Railway Co (JR Central) (9022.T) to participate in its consortium, the Nikkei newspaper reported on Sunday. Toshiba said it does not comment on candidates for the potential buyout. JR Central did not immediately respond to a request for comment.
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