Shares of both Mitsubishi Motors and Sharp nosedived today following reports that they are considering large-scale public offerings. Yukako Ono reports.
Asian stocks rallied on Friday, extending the previous day's strong gains as investors cheered robust global economic data and a commitment to easy monetary policy from global central banks.
Tokyo stocks fell today as overnight remarks by Fed's Bernanke that quantitative easing may slow down later this year triggered selling. However, GS Yuasa shares shot up by nearly 6% following news that it will team up with Bosch and Mitsubishi Corporation in developing and selling lithium-ion batteries for electric cars.
Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.
Mitsubishi Motors shares surged 20% after reporting net profit for the year came in nearly three times its previous forecast. The Nikkei's Sachiko Kishida reports.
Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.
There’s little doubt Americans love their electronic devices. But questions remain over whether the affection for tablets and smartphones will ring up a happy holiday.