Millea Holdings Inc. said Monday the major Japanese insurer will change its corporate name to Tokio Marine Holdings Inc. on July 1, aiming to move ahead in the global market with a well-known brand name. Millea Holdings said it will
The benchmark Nikkei average narrowly failed to extend its three-day winning streak on the Tokyo Stock Exchange Monday, as most investors retreated to the sidelines to see how the U.S. market will perform later in the day after a long
Japanese trading house Marubeni Corp. said Monday it has received a power facility order jointly with Kawasaki Heavy Industries Ltd. from a Brazilian steelmaker for an undisclosed sum. Under the contract with Companhia Siderurgica National, the Japanese companies will complete
Daiwa Securities Group Inc. said Monday it plans information technology-related investment of about 70 billion yen for fiscal 2008 that starts in April, roughly the same as the record-high level in the current fiscal 2007. The investment is mainly intended
Mitsubishi Heavy Industries Ltd. said Monday it will expand annual production of small-sized diesel engines used mainly for construction machinery by about 40 pct to 200,000 units from 145,000 units by the end of March 2009. The company will spend
Japan's Ministry of Land, Infrastructure, Transport and Tourism on Monday ordered Taisei Corp. and 27 other general contractors to suspend operations for up to 30 days due to their involvement in bid-rigging for a subway extension project in the central
Asahi Breweries Ltd. said Monday it has found a soybean-derived protein that sustains a feeling of satiety. The company has already proved the effect of the protein through experiments conducted with both rats and humans and started selling diet food
Two investment funds affiliated with major Japanese stockbroker Nikko Cordial Corp. are set to obtain a combined equity stake of about 29 pct in secondhand book shop chain Bookoff Corp. . The investment funds run by Nikko antfactory K.K., a
Aioi Insurance Co. said Monday that it will pump 24 million pounds in fresh capital into fully owned British unit Aioi Motor and General Insurance Co. of Europe by the end of this month. The London-based subsidiary's capital will increase
Major Japanese companies' combined dividend payments for the year ending in March are likely to rise 11.5 pct from the previous year to 6.5 trillion yen, according to data compiled by Jiji Press on Monday. The survey covered 1,377 companies
Despite the ongoing economic slowdown in Lebanon, the numbers of credit cards issued and ATM branches rose by 10.6 percent and 6 percent respectively over the previous 12 months, said a report with the most recent available figures published in
Inflation in Saudi Arabia surged to a 27-year high of 8.7 percent in February, as the world's largest oil exporter and its Gulf Arab neighbors lowered interest rates to defend pegs to a tumbling dollar. Meanwhile, Egypt raised its interest
Oil slipped Monday, extending a 9-percent slide from last week's record amid a recovery in the US dollar and lingering worries over slowing energy demand. Dealers said Monday's losses were tempered by better than expected US homes sales data and
Mayani was serving as Citi Group India's Institutional Equity Sales director for about four years and has also served as a senior analyst with Morgan Stanley for a period of four years, a release said. Founded in 1994, Anand Rathi
Defence Minister A K Antony received the cheque from BEML CMD VRS Natarajan. The amount was paid against the government's 54 per cent stake in the company, which is engaged in the manufacture and supply of heavy earth moving equipment
Announcing this under the Budget for 2008-09, Finance Minister A K Walia said a Bill providing for establishing the Board will be placed before the Assembly on receipt of approval from the Union Government. A company called "Delhi Geo Spatial
As per an agreement, Arvind Brands, a division of Arvind Mills, will design, distribute and retail IZOD brands of sports shirts, T-shirts, casual trousers, shorts, swimwear, active wear and accessories. The licensing agreement, signed between Phillips-Van Heusen Corporation and Arvind
The commission recommendations will be manageable from fiscal perspective," he said. According to him, the pay commission recommendations that has increased the salary levels along with rationalisation of taxes effected in the budget could boost purchasing power. "This will offset
The private sector participation in the coal production is expected to increase to 104 MT-105 MT during the 11th five year plan, a CII release quoted Coal Secretary H C Gupta as saying. "During the last 3-4 years from all
The Memorandum of Understanding between Ford and Tata is likely to be signed on Wednesday," Andrew Dodgson of the Unite, which represents the Ford workers, said. The key issue that has prolonged the negotiations between Ford and Tatas is not
