News: Sumitomo Corp (8053.T)
20 Dec 2013
Wed, Dec 18 2013
SINGAPORE, Dec 19 - Singapore-listed Yoma Strategic Holdings Ltd said on Thursday it had signed a joint venture agreement with Japanese trading house Sumitomo Corp to distribute and service Hino trucks and buses in Myanmar.
YANGON, Nov 19 - Myanmar aims to lure private companies to upgrade and run nearly half its airports in a bid to spruce up its poor record on air safety and support a fast-growing tourism industry, officials said on Tuesday.
TOKYO - Japan's giant trading houses plan to scale back investments in new energy and mineral assets due to weaker than hoped for returns and focus instead on consumer goods, infrastructure and machinery for growth.
* Trading houses shift investment focus towards non-resource
MELBOURNE/LONDON, Oct 25 - Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.
TOKYO, Oct 25 - Japan's Sumitomo Corp said on Friday it and Glencore Xstrata PLC will buy a 50.1 percent stake in the Clermont coal mine in Australia from Rio Tinto for $1.015 billion.
Oct 1 - Japan's Sumitomo Corp agreed to buy steel products maker Edgen Group Inc for about $520 million to expand its global distribution business.
Sept 3 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
MELBOURNE, Sept 3 - China Molybdenum has cleared a key hurdle to taking control of Rio Tinto Northparkes copper mine, with Japan's Sumitomo Metal Mining and Sumitomo Corp deciding not to match the Chinese miner's $820 million bid.