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TOKYO -- A group of 17 trading, power and gas companies, as well as George Soros's Soros Capital Management, will invest 5 billion yen ($32 million) in a Japanese startup operating an online electricity exchange, Nikkei has learned, in an effort to smooth out wholesale prices and help small power retailers compete.
HO CHI MINH CITY -- Vietnamese conglomerate Masan Group said Thursday that an initial public offering is a possibility for its consumer arm, in what could be the country's largest-ever stock market debut.
BENGALURU -- India's largest airline IndiGo has struck a deal with Airbus for 30 wide-body aircraft with a provision to buy 70 more, as it plans to begin long-haul flights, a segment dominated by Tata Group's Air India.
TOKYO -- Japan's NTT Data Group plans to appoint Chief Technology Officer Yutaka Sasaki as its next president, aiming to jump-start an expansion of its digital business that is expected to be a growth driver.
MAE SOT, Thailand -- When aid groups arrived before noon on Wednesday to deliver lunch to around 2,000 Myanmar civilians sheltering in Mae Sot, a border town inside Thai territory, they found the biggest camp nearly cleared out.
SINGAPORE -- A joint venture between Singapore state investor Temasek Holdings and BlackRock, the world's biggest asset manager, has raised $1.4 billion for its first and one of the largest venture capital funds dedicated to investing in firms with technologies to reduce carbon emissions.
TOKYO -- Japanese companies would be required to notify the government before exporting advanced materials and equipment that could be used for military applications, according to a proposal released Wednesday that describes the country's approach to export controls in a "transition phase."
SEOUL -- SK Hynix returned to profit in the first quarter thanks to its leadership in advanced memory chips critical for artificial intelligence computing, recovering from a long slump in the memory market.