Word: mitsubishis
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...losses of their U.S. counterparts. Asia's financial institutions have become more conservative in recent years, having learned their lessons from past speculative investments in assets such as office blocks and shopping malls during the Asian financial crisis that began in 1997. Several Japanese banks, including Shinsei Bank and Mitsubishi UFJ Financial Group, are creditors of Lehman, but any potential losses from their exposure aren't expected to have a significant impact on Japan's banking system. In fact, the problems on Wall Street are actually benefiting some Asian financial institutions. Large Japanese banks, including Mitsubishi UFJ, have been striving...
...opening credits of the Late Show with David Letterman and serving as the fictional headquarters for the Daily Bugle in the recent Spider-Man movies. It has been a National Historic Landmark since 1989. Though the purchase is not quite as much of a shock as the Mitsubishi Group buying Rockefeller Center, the Flatiron's falling into foreign hands nevertheless carries symbolic weight and shows international investors taking advantage of the upheaval in the real estate market and the weakness of the U.S. dollar. The euro closed Monday...
...That latter scenario is what Sheikh Usman Rishad, a 25-year-old blanket, pillow and mattress manufacturer, is hoping for. The former Musharraf supporter was up all last night decorating his 2006 Mitsubishi Lancer in honor of Sharif's election symbol, the tiger. He glued fuzzy cream blanket material over the midnight blue exterior, and painstakingly painted it with tiger stripes. The windows and bumpers are trimmed with black feather boas. "I decided to do this for my leader," he said of his masterpiece. "Sharif is going the right way for Pakistan." Musharraf, he says, brought Pakistan suicide bombers...
...treacherous the market can be in the 1990s when that country's government tried to bootstrap an aircraft-manufacturing industry by building 100-seat turboprop planes. The venture failed following Asia's 1997 financial crisis when it lost government funding. During the 1960s, a Japanese consortium that included Mitsubishi Heavy Industries and Fuji Heavy Industries built a 60-passenger turboprop - the YS11 - but the plane never found much of a market outside Japan and production was halted...
...Stiff competition is likely to come from Japan's Mitsubishi Heavy Industries, which is working toward the 2012 debut of a fuel-efficient regional jet, called the MRJ, that will be built from the same advanced composite materials Boeing is using in its upcoming 787 Dreamliner. (Mitsubishi is one of Boeing's key parts suppliers.) The Japanese government is helping to bankroll the company's comeback in commercial jets with a pledge to pay a third of the MRJ's reported $1 billion in development costs...