(Bloomberg) Japanese trading house Sumitomo Corp. sought to clarify that comments by its chief executive officer on new investments by Warren Buffett were referring to previous statements from Berkshire Hathaway Inc.Most Read from BloombergMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionA Wary World Braces for Trump’s Return to the White HouseBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapWhat Is Disease X?
Malaysian telco CelcomDigi announced a strategic partnership on Monday with SoftBank and Sumitomo subsidiary SC-NEX to develop Fourth Industrial Revolution (IR4.0) solutions based on AI, robotics, and analytics for Malaysian enterprises.
Nippon Steel’s acquisition of U.S. Steel is raising the prospect of a wave of similar activity from Japan’s cash-rich companies. Sumitomo Corporation might.