TOKYO (Nikkei) -- Orix is heading into Cambodia. The Japanese company announced Wednesday that it will invest in Acleda Bank, the largest bank in the Southeast Asian nation. Orix will acquire 6% of overall outstanding shares from Netherlands' bank, at around 6 billion yen ($59.8 million). The deal will be Orix's first investment in a Cambodian bank.
TORONTO--Toyota Credit Canada Inc., a financing arm of Toyota Motor Corp. (7203), raised 500 million Canadian dollars ($476.5 million) from an issue of bonds maturing November 2018, according to a person familiar with the issue.
TOKYO (Nikkei)--Toshiba Corp. (6502) plans to buy a 50% stake in a U.K. nuclear firm as early as this year in hopes of jump-starting a business segment that has not received a new order since the 2011 Fukushima disaster.
TOKYO (Nikkei)--Prompted by favorable market trends brought on by Abenomics, an increasing number of Japanese companies are pursuing mergers and acquisitions and other aggressive growth strategies.
TOKYO (Nikkei)--Reversing his hands-off management style toward U.S. operations, SoftBank Corp. (9984) Chief Executive Masayoshi Son has turned into a gadfly who vents his frustration to American executives trying to transform wireless carrier Sprint Corp.