Kobe Steel

Trump vs the Fed, Second Putin Summit, Microsoft Boost: CEO Daily for July 20, 2018

Good morning, and happy Friday.<p>Yesterday, we released the <i>Fortune Global 500</i>, our annual list of the world’s largest public companies, ranked by …

Donald Trump

Cuba to push through major market reforms

Cuban lawmakers are preparing to enact sweeping constitutional reforms that could represent a shift for the Communist nation to a stricter market economy. The reforms will legally recognise private property and encourage foreign investment. Meanwhile, the US still faces a backlash over proposed car …

Cuba

Japan’s Kobe Steel Indicted Over Quality Scandal

Company has admitted to shipping substandard products for decades and to hundreds of customers<p>By<p>Sean McLain<p>Sean McLain<p>The Wall Street Journal<p>Biography<p>@McLainSean<p>sean.mclain@wsj.com<p>TOKYO— Kobe Steel Ltd. 5406 -2.30% has been indicted by Tokyo prosecutors on charges of falsifying quality …

U.S. Department of Justice

Tokyo Prosecutors Indict Kobe Steel Over Data Falsification

Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data scandal that rocked Japan’s manufacturing industry last year.<p>The company was indicted …

Corruption

Japan prosecutors charge Kobe Steel in fake data scandal

TOKYO (AP) — Japanese prosecutors charged major steelmaker Kobe Steel Thursday with violating laws overseeing competition in a massive faking of product data.<p>Kobe Steel, which has repeatedly apologized for the practice, said in a statement that it took the allegations seriously and was working to …

Corporate Culture

Japan's Kobe Steel indicted over fabricating product quality data, scandal dates back to 1970s

Japan's Kobe Steel indicted over fabricating product quality data, scandal dates back to 1970s<p>Source: Xinhua 2018-07-19 23:47:51<p>TOKYO, July 19 …

News (China)

Japanese stocks stumble, spooked by yuan's fall

© Reuters. Japanese stocks stumble, spooked by yuan's fall<p>* Yuan's fall sparks worries about China's economy, Sino-U.S. trade war<p>* Steel makers, …

Stock Markets

Kobe Steel says Tokyo prosecutors have indicted company over data tampering scandal

© Reuters. FILE PHOTO: The Kobe Steel Kobelco headquarters building is seen in Kobe<p>TOKYO (Reuters) - Kobe Steel Ltd, (T:5406) Japan's third-biggest …

U.S. Department of Justice

Kobe Steel says it has been indicted over data tampering scandal

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Stock Markets

Nissan shares tumble ahead of emissions briefing

TOKYO (Reuters) - Shares in Nissan Motor Co (7201.T) on Monday slumped about 5 percent to their lowest level in more than a year after the automaker said it would hold a briefing regarding its procedures to measure vehicle exhaust gas at its domestic plants.<p>Japan's second-largest automaker said it …

Business

Nissan Workers in Japan Falsified Emissions Tests, Review Says

Nissan Motor has become the latest Japanese automaker to admit to falsifying product-quality data, dealing a further blow to Japan Inc.’s reputation for dependable quality.<p>An internal review of emissions and fuel economy tests at Nissan’s production plants in Japan showed that company inspectors …

Business

Mitsubishi Materials admits to new case of misconduct

Mitsubishi Materials admits to new case of misconduct<p>Source: Xinhua 2018-06-08 23:27:33<p>TOKYO, June 8 (Xinhua) -- Japan's Mitsubishi Materials Corp. …

News (China)

Japan's Kobe Steel raided by prosecutors as fake data scandal rumbles on

Japan's Kobe Steel raided by prosecutors as fake data scandal rumbles on<p>Source: Xinhua 2018-06-05 19:11:55<p>TOKYO, June 5 (Xinhua) -- The Tokyo head …

News (China)

Kobe Steel HQ raided over data tampering - local media

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Financial Markets

Kobe Steel headquarters raided over data tampering - local media

TOKYO (Reuters) - Kobe Steel Ltd's (5406.T) headquarters was raided on Tuesday by the Tokyo District Public Prosecutors Office and the Metropolitan Police Department in relation to its data tampering scandal, local media reported.<p>Kobe Steel admitted in March its data fraud has been going on nearly …

Kobe Steel

Japan regulators raid Kobe Steel over data tampering

TOKYO (Reuters) - Kobe Steel Ltd (5406.T) said on Tuesday it had been raided by Japanese regulators over a data tampering scandal revealed last year which had continued for almost 50 years.<p>Prosecutors and police searched its headquarters in Tokyo and Kobe, western Japan, as well as other facilities …

Business

U.S. metals tariffs won’t ‘break’ Canada’s economy: Economist - Article - BNN

Economy

Japan Investigators to Raid Kobe Steel, Yomiuri Says

Japanese police and prosecutors will conduct an on-site investigation at Kobe Steel Ltd.’s offices as early as Thursday, the Yomiuri Shimbun …

Kobe Steel

Prosecutors to raid Kobe Steel for data tampering - media

TOKYO (Reuters) -<p>Tokyo District Public Prosecutors Office and Tokyo Metropolitan Police Department are set to raid Kobe Steel Ltd's (5406.T) headquarters and production facilities in relation to its data tampering scandal, media reported on Thursday.<p>Kobe Steel admitted in March its data fraud has …

U.S. Department of Justice

Japan’s Kobe Steel Faces Criminal Investigation

Quality control scandals in the manufacturing sector are undermining Japan’s reputation for quality and integrity.

Kobe Steel to sell 75 percent stake in real estate unit for $678 million

TOKYO (Reuters) - Japan’s Kobe Steel Ltd (5406.T) said on Friday it will sell 75 percent of its stake in its real estate unit to two Japanese real estate firms for 74 billion yen ($678 million).<p>FILE PHOTO: The Kobe Steel (Kobelco) headquarters building is seen in Kobe, western Japan October 24, …

Real Estate

Kobe Steel posts first profit in three years despite data fraud scandal

TOKYO (Reuters) - Kobe Steel Ltd, Japan’s third-biggest steelmaker, on Friday posted its first annual profit in three years, even after admitting to falsifying quality data, a scandal that affected hundreds of customers and hit Japan’s manufacturing prowess.<p>The Kobe Steel (Kobelco) headquarters …

Profit

Kobe Steel says data tampering scandal caused steel order cuts, but not aluminium

TOKYO (Reuters) - Japan’s Kobe Steel Ltd said that its data tampering scandal resulted in some cuts for orders for its steel products, but has not affected aluminium sales, Kobe Steel Managing Executive Officer Kazuaki Kawahara told a news conference.<p>FILE PHOTO: The Kobe Steel (Kobelco) …

Aluminum

Japan's Kobe Steel says mostly suspended trade with Rusal after U.S. sanctions

© Reuters. FILE PHOTO: The Kobe Steel Kobelco headquarters building is seen in Kobe<p>TOKYO (Reuters) - Japan's Kobe Steel Ltd (T:5406), which also …

Sanctions

Kobe Steel says under investigation over data tampering scandal

TOKYO (Reuters) - Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan’s industrial sector last year.<p>The Kobe Steel (Kobelco) headquarters building is seen in Kobe, western Japan October …

Corruption

Kobe Steel scandal deepens with criminal probe of data tampering

Bengaluru/Tokyo — Kobe Steel is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in …

Business (South Africa)

Kobe shares slide on investigation into data scandal | Financial Times

Shares in Kobe Steel fell as much 4.7 per cent on Wednesday after the company revealed it was under investigation by Japanese authorities over a data …

Fabrication

Investigators probe quality data fabrication by Kobe Steel, criminal charges could ensue

Investigators probe quality data fabrication by Kobe Steel, criminal charges could ensue<p>Source: Xinhua 2018-04-25 20:09:13<p>TOKYO, April 25 (Xinhua) -- …

News (China)

Kobe Steel Faces Japan Government Inquiry Over Data Scandal

TOKYO — The Japanese authorities are investigating the data falsification scandal at Kobe Steel, the company said on Wednesday, potentially broadening an episode that has undermined the country’s reputation for high-quality manufacturing.<p>Kobe Steel said in a statement that the company “is currently …

Business

Tokyo prosecutors probe Kobe Steel's data tampering - Nikkei

(Reuters) - Japanese prosecutors on Tuesday decided to work with Tokyo police on a joint probe relating to a data tampering scandal at Kobe Steel Ltd (5406.T), the Nikkei business daily reported, citing a source familiar with the matter.<p>FILE PHOTO: Kobe Steel's logo is seen through a fence at a …

Japan