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Nippon Life, other Japan life insurers join $375 mln Bunge loan

2014-12-19 17:38:14| Agriculture - Topix.net

Japan's three largest life insurers, including Nippon Life Insurance Co, have joined more than a dozen Japanese lenders in a $375 million syndicated loan to U.S. trade house Bunge Ltd, the lenders said on Friday. The deal highlights a growing appetite for overseas lending deals among Japanese insurers as they face ultra-low yields at home.

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Japan's Nippon Steel, Kobe Steel to cut stakes in each other

2014-12-03 16:42:34| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltd said on Wednesday they will reduce stakes in each other to raise funds for expansion overseas and for improving competitiveness. The companies built up equity stakes in each other as part of alliances to share resources for production, a common arrangement even among competitors in Japan.

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Nippon Steel seeks negotiated end to partner dispute in Usiminas

2014-12-02 20:49:55| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp is seeking a negotiated end to a dispute with a partner over their interests in Usinas SiderAorgicas de Minas Gerais SA, the latest chapter in a rift over control of Brazil's largest listed flat steelmaker. Nippon Steel, which along with Italo-Argentine industrial conglomerate Techint Group share control of the Brazilian mill known as Usiminas, requested that Brazil securities industry watchdog CVM investigate actions by Techint and its subsidiary Ternium SA in the company, according to a securities filing.

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Usiminas Gains as Nippon Steel Seeks to Hold Talks With Ternium

2014-10-02 04:58:18| Steel - Topix.net

Usinas Siderurgicas de Minas Gerais SA gained the most in almost four weeks after Nippon Steel & Sumitomo Metal Corp. said it's planning to hold talks with fellow shareholder Ternium SA to discuss a new management. Usiminas, as Brazil's second-biggest steelmaker is known, gained 2.2 percent at the close in Sao Paulo today, the most since Sept.

Tags: with hold steel talks

 

Nippon Steel's Nagoya plant searched by police after fire

2014-09-17 11:29:18| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp's Nagoya steel plant was searched by police on Wednesday, following a fire earlier this month, a spokesman at Japan's biggest steelmaker said. Fifteen workers were injured at the plant, which produces about 15 percent of the company's steel output, when a fire broke out on Sept.

Tags: fire police plant searched

 

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