According to The Australian Financial Review, bidders in the $US3.5 billion-plus ($5.2 billion) auction for BHP’s Queensland coal mines – Blackwater and Daunia – are competing to woo five Japanese commodities houses to join their camps.
Sources told Street Talk that the commodities players – some of the biggest names in the sector – are in high demand ahead of binding bids in early August. The sales process is being run by Macquarie Capital. The Japanese firms being targeted by suitors include steelmakers JFE and Nippon Steel, and trading houses Marubeni and Sojitz. A fifth, Itochu, is understood to be working with Whitehaven Coal. https://www.afr.com/street-talk/meet-bhp-s-5b-coal-auction-s-under-the-radar-japanese-kingmakers-20230724-p5dqw2
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According to The Jiji News, Japanese megabank lender Mizuho Bank plans to set up as early as this month a fund to help startups raise money.
The fund, set to be worth 10 billion yen, will buy from startups bonds with warrants to acquire new shares. It is set to be managed by Mizuho Capital Co., a Mizuho Bank subsidiary. https://sp.m.jiji.com/english/show/27458
According to The Australian Financial Review, Lendlease and Daiwa House will develop a 45-level build-to-rent tower, the final piece of the Australian company’s Melbourne Quarter project and its second BTR project at home.
The deal to develop the $650 million building, like Lendlease’s first 443-unit BTR project in its 5.5-hectare mixed-use precinct at Brisbane Showgrounds, is a standalone investment and separate from efforts the ASX-listed company is making to establish a broader BTR partnership that will include multiple assets. https://www.afr.com/property/commercial/lendlease-partners-with-japan-s-daiwa-house-on-btr-20230717-p5dot5
According to The Jiji News, a supermarket in the northeastern Japan city of Fukushima Friday started selling sockeye salmon, also known as red salmon, raised by land-based farming as sashimi and sushi.
This marked the world's first successful land-based aquaculture for red salmon, which is prone to diseases, according to Ichii, the operator of the supermarket. https://sp.m.jiji.com/english/show/27482
According to The Jiji News, the use of facial-recognition technology is spreading in Japan in various situations, such as buying drinks at vending machines and receiving parcels.
Panasonic Connect Co., a Panasonic Holdings Corp. unit, provides its facial-recognition system to a parcel delivery service offered at a residential development area in the suburbs of Sendai, Miyagi Prefecture. The system uses facial recognition to allow people to receive their parcels. https://sp.m.jiji.com/english/show/27436
According to The Australian Financial Review, a proposal for a $3 billion green hydrogen project in the East Kimberley region of Western Australia will be unveiled on Tuesday, with strong participation from two Indigenous communities that will have significant direct stakes in the venture.
The East Kimberley Clean Energy Project, involving a giant 950-megawatt solar farm, is being hailed by climate change investment and advisory firm Pollination as a landmark project. It involves a first-of-its-kind equity partnership with traditional owners of the land where it will be built, which should also mean an unusually rapid development schedule. https://www.afr.com/companies/energy/aboriginal-backing-for-3b-kimberley-hydrogen-project-20230717-p5dovg
According to The Jiji News, the U.S. Food and Drug Administration said it has given full approval of a new Alzheimer's drug jointly developed by Japanese drugmaker Eisai Co. and U.S. biopharmaceutical company Biogen Inc.
In January, the FDA approved the use of Leqembi, whose generic name is lecanemab, for the first time in the world under the accelerated approval procedures. As this approval was something like a provisional license, the drug was not widely covered by public health insurance. https://sp.m.jiji.com/english/show/27204
According to The Australian Financial Review, new apartment construction leapt in the March quarter, with economists calling it a good start that had to increase further to offset the slowdown in house-building and boost Australia’s overall supply of new homes.
A 56 per cent jump in starts of units, townhouses and semi-detached homes lifted the quarterly total from a seasonally adjusted 12,782 in the December quarter to 19,981 – the highest quarterly total since September 2021, official figures on Wednesday showed. There was an element of catch-up in the numbers, which have declined in each of the previous six quarters since Q3 2021, but the turnaround contrasted with commencements of new detached houses, which fell for a seventh straight quarter, down 5.5 per cent to 26,265. https://www.afr.com/property/residential/apartment-surge-a-good-start-to-offset-housing-slowdown-20230712-p5dnqy
According to The Jiji News, Japan's Toyota Motor Corp. said that it expects to supply its hydrogen fuel cell system in amounts enough for 100,000 vehicles annually in 2030.
As the fuel cell market is forecast to expand rapidly in Europe, the United States and China as a decarbonized energy source, the automaker aims to sell the system to commercial vehicle manufacturers, mainly truck makers, outside the group. https://sp.m.jiji.com/english/show/27284
According to The Jiji News, Sumitomo Forestry Co. said that it has established a forestry fund with nine other Japanese companies to contribute to the realization of a decarbonized society through investment in forest management.
The fund has a total of 60 billion yen from the 10 companies, including Sumitomo Forestry, oil refiner ENEOS Corp. and Osaka Gas Co. https://sp.m.jiji.com/english/show/27263 |
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