Japanese electric motors manufacturer Nidec Sankyo Corp completed the purchase of Mitsubishi Materials CMI Corp for an undisclosed sum, according to an announcement made by Nidec Corp.
Japan
Schaft Inc co-founder opens fund to invest in Japanese startups, universities
Schaft Inc Co-Founder Takashi Kato has launched 246 Capital, a fund that seeks to invest in technologies by Japanese startups and universities not noticed by investors, Bloomberg reported.
Japan's Kirin has no plans to exit Warrnambool stake
Japan-based food and beverage giant Kirin Holdings Ltd has no plans to sell its 9.99% holding in Warrnambool Cheese and Butter Factory Ltd to Canadian firm Saputo Inc as it wants to secure a cheese supply agreement with the latter.
Temporary lifting of ban selling foreign video game consoles in China paves way for tech companies to enter market
China's State Council has suspended the ban the government had put in place for 14 years which barred the selling of foreign video game consoles, potentially opening doors for technology firms to enter the Chinese video game market, Reuters reported.
Mitsubishi Motors to raise up to $2.3B in share sale, resume dividend payments
Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to resume dividend payments for the first time in more than 15 years.
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Tactus Technology, an on-demand tactile surfaces provider, said it closed the first part of its Series B funding round with existing investors led by Thomvest Ventures and the participation new investors from Asia.
Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.
Business news site ValueWalk pointed out in its report that several top players on HSBC Holdings plc's list of best performing hedge funds for 2013 were found to have made value equity plays.
Data released by research firm and data provider Eurekahedge revealed that hedge funds worldwide posted record gains not seen since 2007, said a Business Insider report.
Japan Australia LNG Pty, the venture formed by Japanese firms Mitsubishi Corp and Mitsui & Co, will not proceed with a prior deal to buy liquefied natural gas from Woodside Petroleum Ltd's Browse venture.
BlackRock Inc's Asia Property Fund III is exiting its Westin hotel in Singapore to Tokyo-based property developer Daisho Group in a deal valued at S$468 million ($369 million).
Qatar-based oil and gas drilling company Gulf Drilling International (GDI) is poised to become a wholly-owned subsidiary of Gulf International Services (GIS) with the latter acquiring the entire 30% stake held by Japan Drilling Corp (JDC), according to a GIS spokesman.
The world economy should snap a three-year stretch of slowing growth in 2014, although the upturn over the next 12 months looks likely to be incremental rather than a leap forward.
Japan-based gaming company Nintendo will temporarily take down its eShop for 12 hours beginning 4:00 pm Eastern Standard Time to remedy high traffic and merger issues, according to The Next Web.
