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Taiwan: Typhoon Danas Batters Southern Region, Leaving Widespread Damage 3

Typhoon Danas made landfall near Chiayi's Budai Township around 11:40 p.m. on Sunday, July 6, bringing gusty winds and heavy rainfall to the southern region. Typhoon Danas weakened to a tropical storm after its eye departed Taiwan early Monday.

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Japan's Cosmo investors OK anti-takeover step

People head to the venue of Japanese oil wholesaler Cosmo Energy Holdings Co.'s annual shareholders meeting in Tokyo on June 22, 2023. The firm's shareholders approved a company proposal to implement anti-takeover measures in the face of a large-scale share purchase by an activist shareholder group.

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Japan's Cosmo investors OK anti-takeover step

A man heads to the venue of Japanese oil wholesaler Cosmo Energy Holdings Co.'s annual shareholders meeting in Tokyo on June 22, 2023. The firm's shareholders approved a company proposal to implement anti-takeover measures in the face of a large-scale share purchase by an activist shareholder group.

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TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TOKYO, Japan - Jun Muto, president of oil wholesaler TonenGeneral Sekiyu K.K., announces at a news conference in Tokyo on Dec. 18, 2013, that the company will acquire a stake of nearly 90 percent in Mitsui Oil Co. for 24.9 billion yen from the trader on Feb. 4. The acquisition would allow the TonenGeneral group to rival Cosmo Oil Co. as Japan's third-largest oil wholesaler in terms of sales following JX Holdings Inc. and Idemitsu Kosan Co.

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Cosmo Oil to close Sakaide refinery

OSAKA, Japan - An Aug. 28, 2012, photo from a Kyodo News helicopter shows Cosmo Oil Co.'s oil refinery in Sakaide, Kagawa Prefecture. The company said the same day it will close the plant in July 2013 amid weakening domestic demand for oil.

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Cosmo Oil to close Sakaide refinery

OSAKA, Japan - An Aug. 28, 2012, photo from a Kyodo News helicopter shows Cosmo Oil Co.'s oil refinery in Sakaide, Kagawa Prefecture. The company said the same day it will close the plant in July 2013 amid weakening domestic demand for oil.

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Abu Dhabi gov't to become top shareholder of Japan's Cosmo Oil

TOKYO, Japan - Cosmo Oil Co. President Yaichi Kimura speaks during a news conference in Tokyo on Sept. 18 after the company said the government of Abu Dhabi will become its top shareholder with an equity stake of about 20 percent through the allotment of new shares early next month.

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Nissan begins leasing fuel-cell vehicles

YOKOHAMA, Japan - Itaru Koeda (L), co-chairman of Nissan Motor Co., gives Cosmo Oil Co. Chairman and President Keiichiro Okabe a key for an X-Trail FCV fuel-cell vehicle March 29 in Yokohama. Nissan began leasing the vehicle the same day following in the footsteps of rivals Toyota Motor Corp. and Honda Motor Co. in efforts to promote commercial use of environment-friendly fuel-cell cars.

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Prosecutors raid 11 oil firms over bid rigging

TOKYO, Japan - Prosecutors head for the main office of Nippon Mitsubishi Oil Corp. in Tokyo on Oct. 14 to raid the company on suspicion of rigging bids on fuel sold to the Defense Agency. Simultaneously, 10 other wholesalers -- Showa Shell Sekiyu K.K., Japan Energy Corp., Cosmo Oil Co., Idemitsu Kosan Co., General Sekiyu K.K., Fuso Sekiyu K.K., Kyushu Oil Co., Kygnus Sekiyu K.K., Taiyo Oil Co. and Taiho Industries Co.-- were raided on the same suspicion.

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Nippon Mitsubishi, Cosmo announce broad alliance

TOKYO, Japan - Hidejiro Osawa (L), president of Nippon Mitsubishi Oil Corp., and Keiichiro Okabe, president of Cosmo Oil Co., shake hands after announcing an agreement to form a wide-ranging business alliance at a press conference at Tokyo's Keidanren Kaikan on Oct. 12.

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Abu Dhabi gov't to become top shareholder of Japan's Cosmo Oil

TOKYO, Japan - Cosmo Oil Co. President Yaichi Kimura speaks during a news conference in Tokyo on Sept. 18 after the company said the government of Abu Dhabi will become its top shareholder with an equity stake of about 20 percent through the allotment of new shares early next month. (Kyodo)

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Prosecutors raid 11 oil firms over bid rigging

TOKYO, Japan - Prosecutors head for the main office of Nippon Mitsubishi Oil Corp. in Tokyo on Oct. 14 to raid the company on suspicion of rigging bids on fuel sold to the Defense Agency. Simultaneously, 10 other wholesalers -- Showa Shell Sekiyu K.K., Japan Energy Corp., Cosmo Oil Co., Idemitsu Kosan Co., General Sekiyu K.K., Fuso Sekiyu K.K., Kyushu Oil Co., Kygnus Sekiyu K.K., Taiyo Oil Co. and Taiho Industries Co.-- were raided on the same suspicion.

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Nippon Mitsubishi, Cosmo announce broad alliance

TOKYO, Japan - Hidejiro Osawa (L), president of Nippon Mitsubishi Oil Corp., and Keiichiro Okabe, president of Cosmo Oil Co., shake hands after announcing an agreement to form a wide-ranging business alliance at a press conference at Tokyo's Keidanren Kaikan on Oct. 12.