By , TOKYO (Reuters) - For weeks, Olympic organizers have relentlessly pushed a consistent message: The Summer Games in Tokyo will not be canceled or postponed.“Cancellation or delay of the Games would be unacceptable for the athletes,” Olympics Minister Seiko Hashimoto said recently.But behind the scenes, sponsors who have pumped billions of dollars into the Games have grown increasingly nervous about how the coronavirus outbreak will impact the tournament.When organizers and sponsors met privately to discuss preparations last Wednesday, the companies learned there had been no decision on...…By , TOKYO (Reuters) - For weeks, Olympic organizers have relentlessly pushed a consistent message: The Summer Games in Tokyo will not be canceled or postponed.“Cancellation or delay of the Games would be unacceptable for the athletes,” Olympics Minister Seiko Hashimoto said recently.But behind the scenes, sponsors who have pumped billions of dollars into the Games have grown increasingly nervous about how the coronavirus outbreak will impact the tournament.When organizers and sponsors met privately to discuss preparations last Wednesday, the companies learned there had been no decision on...WW…

By , TOKYO (Reuters) -Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services.The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data.The acquisition is part of Hitachi’s ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd’s power grid business last year and a series of divestitures of its domestic hardware subsidiaries.Hitachi’s...…By , TOKYO (Reuters) -Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services.The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data.The acquisition is part of Hitachi’s ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd’s power grid business last year and a series of divestitures of its domestic hardware subsidiaries.Hitachi’s...WW…

By , , NEW YORK/ZURICH/TOKYO (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely.Japan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.Morgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit...…By , , NEW YORK/ZURICH/TOKYO (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely.Japan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.Morgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit...WW…

By TOKYO (Reuters) - Toshiba Corp shareholders voted on Thursday in favour of an independent probe into allegations that investors were pressured ahead of last year’s annual general meeting - a watershed victory set to spur more shareholder activism in Japan.The vote marks only the fourth time an activist shareholder motion has won approval in Japan and the first at a major company that is a household name, albeit one sullied by a string of scandals.It is also notable for the gravity of allegations that emerged after the AGM. Some Toshiba shareholders had felt pressure to vote in line with...…By TOKYO (Reuters) - Toshiba Corp shareholders voted on Thursday in favour of an independent probe into allegations that investors were pressured ahead of last year’s annual general meeting - a watershed victory set to spur more shareholder activism in Japan.The vote marks only the fourth time an activist shareholder motion has won approval in Japan and the first at a major company that is a household name, albeit one sullied by a string of scandals.It is also notable for the gravity of allegations that emerged after the AGM. Some Toshiba shareholders had felt pressure to vote in line with...WW…

UK asks Japan to replace Huawei in 5G networks: reportWe’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later.DismisscloseAdvertisementBy Log in, or to save articles for later.Normal text sizeLarger text sizeVery large text sizeAdvertisementTokyo: The British government asked Japan to help build its 5G wireless networks without Huawei Technologies, the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China.Britain named NEC Corp and Fujitsu Ltd as potential alternative suppliers to...…UK asks Japan to replace Huawei in 5G networks: reportWe’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later.DismisscloseAdvertisementBy Log in, or to save articles for later.Normal text sizeLarger text sizeVery large text sizeAdvertisementTokyo: The British government asked Japan to help build its 5G wireless networks without Huawei Technologies, the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China.Britain named NEC Corp and Fujitsu Ltd as potential alternative suppliers to...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.said it would exit solar cell production at 's New York plant, the latest sign of strain in a partnership where 's status as the US electric vehicle (EV) maker's exclusive battery supplier is ending.The move increases uncertainty over 's solar business which is already under scrutiny, having been...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.said it would exit solar cell production at 's New York plant, the latest sign of strain in a partnership where 's status as the US electric vehicle (EV) maker's exclusive battery supplier is ending.The move increases uncertainty over 's solar business which is already under scrutiny, having been...WW…