Events
Name | organizer | Where |
---|---|---|
”ТОКИОГИЙН ЗАГВАРЫН ЕРТӨНЦ” ҮЗЭСГЭЛЭН ЯАРМАГ | RX Japan | Tokyo |
NEWS
Consumption contributes 73.4% of China's H1 growth www.chinadaily.com.cn
Head of government to pay official visit to Japan www.montsame.mn
Ulaanbaatar /MONTSAME/ Prime Minister J.Erdenebat will pay an official visit to Japan on October 12-15. He is to have official talks with his Japanese counterpart, Mr Shinzo Abe to conform the contents and line of actions, to be realized in frames of the Mongolia-Japan Strategic Partnership.
The Premier will also pay courtesy calls on the Speaker of House of Representatives of the National Diet of Japan, Mr Tadori Oshima, and Speaker of House of Councillors, Mr Chuichi Date. Mr Erdenebat is set to attend the Mongolia-Japan Trade and Investment Forum to give insight into the investment environment and business opportunities in Mongolia.
Hong Kong ranked freest economy for 22nd year www.chinadaily.com.cn
Ad service in Japan targets Chinese tourists renting Wi-Fi routers www.asia.nikkei.com
Oil prices fall over doubts that non-OPEC producers will cut output www.reuters.com
World Bank says Paris climate goals at risk from new coal schemes www.theguardian.com
Japan, IMF agree to extend loan arrangement www3.nhk.or.jp
Russia says U.S. actions threaten its national security www.reuters.com
Facebook paid £4.1m in UK tax last year www.bbc.com
Japan state bank weighing stake in Fujitsu-Lenovo PC venture www.asia.nikkei.com
TOKYO -- The government-owned Development Bank of Japan is considering taking up to a 10% interest in a proposed joint venture between Fujitsu's personal computer business and China's Lenovo Group.
Fujitsu and Lenovo are in negotiations with a goal of reaching an agreement by the end of the month. One proposal is for Lenovo to take a 51% stake and Fujitsu at least a one-third interest in the venture, with the remainder going to the DBJ. Fujitsu and Lenovo could also seek investment from elsewhere.
Fujitsu's PC business has suffered as computers lose ground to smartphones in Japan. The plan is to lift profitability by cutting procurement and production costs under Lenovo, the world's top PC maker. The DBJ will make a final decision after evaluating the prospects for Fujitsu PC operations' recovery under Lenovo.
The DBJ has provided loans and investment to electronics, airline and other companies to aid in consolidation and rehabilitation efforts. It has a 40% stake in a venture between Fujitsu and Panasonic that designs and develops system chips. In addition to necessary funding, the DBJ could offer its expertise in business turnarounds to the venture.
The involvement of a government-backed institution could help alleviate concerns regarding a Chinese company taking over Japanese PC operations.
(Nikkei)
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