3 major life insurers post April-June profit growth 9:36 pm, August 10, 2017


  • Struggling Toshiba reports ¥965.7 billion loss

    TOKYO (AFP-Jiji) — Toshiba Corp. on Thursday met a looming deadline to report its long-delayed financial results, saying it lost ¥965.7 billion in the last fiscal year over its hard-hit U.S. nucle…

  • Foxconn deal faces snag in state Senate

    MADISON, Wis. (AP) — The leader of the Wisconsin Senate said Wednesday he doesn’t know if he has the votes to pass a package of incentives for a Foxconn plant in the southeastern corner of the st…

  • 3 major life insurers post April-June profit growth

    TOKYO (Jiji Press) — Three of Japan’s four major life insurers posted year-on-year growth in their core business profits in April-June, thanks chiefly to higher interest income from foreign bonds…

  • Govt industry panel starts talks on energy plan

    TOKYO (Jiji Press) — A Japanese industry ministry panel began discussions on Wednesday to review the country’s basic energy plan over the medium to long term. At the day’s meeting, some exper…

  • JDI acts in wake of big losses

    TOKYO (Jiji Press) — Japan Display Inc. said Wednesday that it will shed some 3,700 jobs, mostly overseas employees, as part of its business reconstruction efforts. The struggling major Japanese m…

  • PwC Aarata issues draft audit report to Toshiba

    TOKYO (Jiji Press) — PricewaterhouseCoopers Aarata LLC on Wednesday put forward a draft auditing report to Toshiba Corp., including a “qualified opinion” on the firm’s earnings figures for fi…

  • Nikkei falls to 2-month low on N. Korea worries

    TOKYO (Jiji Press) — The benchmark Nikkei average plunged to the lowest closing level in more than two months on the Tokyo Stock Exchange Wednesday, weighed down by the yen’s ascent and weaker U….

  • Disney to cut ties with Netflix, plans own streaming service

    Walt Disney Co. will stop providing new movies to Netflix Inc. starting in 2019 and launch its own streaming service as the world’s biggest entertainment company tries to capture digital viewers who…

  • U.S. job openings at record high in June

    WASHINGTON (Reuters) — U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers. The monthly Job Openi…

  • U.S. says China aluminum foil subsidized

    WASHINGTON (Reuters) — The U.S. Commerce Department said on Tuesday it made a preliminary finding that imports of aluminum foil from China are subsidized, and it imposed countervailing duties rangin…

  • Chinese factory gate inflation holds steady

    BEIJING (Reuters) — China’s annual producer price inflation held steady in July, with prices for key raw materials up slightly on expectations of deeper capacity cuts going into the winter months …

  • 3 major brewers see record Jan.-June operating profits

    TOKYO (Jiji Press) — Three of four major brewers logged record operating profits in January-June, according to their first-half financial statements. Although beer sales have been sluggish, the th…

  • Mitsui, Atre to enter business in Taiwan

    TOKYO (Jiji Press) — Trading house Mitsui & Co. said Tuesday that it will jointly develop shopping centers and “ekinaka” small-scale shopping malls within railway stations in Taiwan with local …

  • Nissan to pay $98 mil. to settle Takata suit in U.S.

    WASHINGTON (Reuters) — Nissan Motor Co. on Tuesday agreed to pay $97.7 million to settle class-action claims of consumer economic loss in the United States tied to the recall of 4.4 million vehicles…

  • Mazda pledges world’s most fuel-efficient engine in 2019

    TOKYO (Reuters) — Mazda Motor Corp. said it would become the world’s first automaker to commercialize a much more efficient petrol engine using technology that deep-pocketed rivals have been tryin…

  • Balance of travel hits record high

    Japan’s travel balance, or the amount foreigners spend in Japan for shopping and other purposes minus the amount Japanese spend overseas, reached ¥790.3 billion in the first half of this year — a…

  • Sprint’s revived T-Mobile talks show urgent hunt for deal

    NEW YORK (Bloomberg) — Sprint Corp.’s resumed talks about a potential merger with T-Mobile US Inc., being held at the same time as discussions with cable companies, shows the lengths billionaire …

  • Ootoya eyes new eatery in Vietnam

    TOKYO (Jiji Press) — Japan’s Ootoya Holdings Co. plans to launch a teishoku set meal restaurant in Vietnam in fiscal 2018 at the earliest as part of efforts to expand its overseas operations amid…

  • Japan Display to Shed More Than 3,000 Jobs

    TOKYO (Jiji Press) — Japan Display Inc. plans to shed more than 3,000 jobs abroad and over 200 in Japan through measures including voluntary redundancy as part of its restructuring efforts, informe…

  • Pay hike recommended for govt employees

    TOKYO (Jiji Press) — Japan’s National Personnel Authority on Tuesday recommended that both monthly pay and annual bonuses for central government employees be raised for the fourth straight year i…

  • Investors buy French bonds, sell German debt

    TOKYO (Reuters) — Japanese investors were net buyers of French bonds and sellers of German bonds in June, data from Japan’s Ministry of Finance showed on Tuesday, attracted by the higher yields o…

  • Seko vows broader Russia cooperation

    TOKYO (Jiji Press) — Japanese industry minister Hiroshige Seko on Monday expressed his willingness to expand Tokyo’s economic cooperation with Moscow after the presidential election in Russia in …

  • Coincident index logs 1st rise in 2 months

    TOKYO (Jiji Press) — Japan’s composite index of coincident economic indicators rose for the first time in two months in June, the Cabinet Office said Monday. The coincident CI, which reflects c…

  • Toyota, Mazda consider Mississippi

    CHICAGO (Bloomberg) — As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like …

  • Bankruptcies up for 1st time in 2 months

    TOKYO (Jiji Press) — The number of corporate bankruptcies in Japan in July rose 0.3 percent from a year before to 714, up for the first time in two months, Tokyo Shoko Research Ltd. said Tuesday. …

  • Apple’s bow to China reveals dilemma / Balance of human rights, free expression testing tech sector

    SAN FRANCISCO (AFP-Jiji) — Apple’s decision to bow to Chinese officials by removing apps to sidestep online censorship underscores the dilemma faced by U.S. tech companies seeking to uphold princi…

  • China’s FX reserves rise to 9-month high in July

    BEIJING (Reuters) — China’s foreign exchange reserves rose twice as much as expected in July to a nine-month high as tighter regulations and a weaker dollar keep capital outflows in check. A dr…

  • $52.9 bil. preliminary surplus

    BEIJING (Reuters) — China posted a preliminary current account surplus of $52.9 billion in the second quarter of this year and a deficit of $52.9 billion in its capital and financial account, the f…

  • Greek GDP stats gaps prompt suspension of flash data

    ATHENS (Reuters) — Greece’s statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country’s gross domestic product because of divergences …

  • Mexico auto exports see slow July rise

    MEXICO CITY (Reuters) — Mexico’s auto production and shipments rose again in July but at a slower pace as car sales in the United States, the top export market for those vehicles, fell for a fift…

  • Citigroup to pay $130 million to end Libor rigging lawsuit

    NEW YORK (Reuters) — Citigroup Inc. has agreed to pay $130 million to settle private U.S. antitrust litigation accusing it of conspiring with rivals to manipulate the Libor benchmark interest rate. …

  • German deputy minister suggests electric car quotas

    BERLIN (Reuters) — Germany should consider introducing binding quotas for electric cars for an automobile sector seeking to recover from a diesel emissions scandal and keep its place as a leading p…

  • Foreign hotel chains target regional areas ahead of Games

    The boom in new hotel openings that is under way in Tokyo, Osaka and other big cities ahead of the 2020 Tokyo Olympic and Paralympic Games is now being felt in regional areas as well. In particular, …

  • Rising labor costs casting shadows on businesses

    TOKYO (Jiji Press) — Rising labor costs are casting shadows over the management of businesses amid escalating manpower shortages in the country. According to a labor ministry survey for June relea…

  • Toshiba awaiting ‘qualified opinion’

    TOKYO (Jiji Press) — The auditor of Toshiba Corp. has informed the struggling Japanese electronics and machinery maker of its plan to either issue a so-called “adverse opinion” or “qualified …

  • Google employee stokes row over gender gap

    NEW YORK (AFP-Jiji) — Google found itself at the center of controversy Sunday after an employee in a leaked internal document claimed “biological causes” explained the lack of women in tech indu…

  • Gender diversity setback seen in CEO successions

    When Mondelez International Inc. said Wednesday that Chief Executive Officer Irene Rosenfeld was retiring, it was no surprise that the food company also announced that she would be succeeded by a man…

  • U.S. Nissan workers say no to union

    CANTON, Miss. (AP) — Supporters of the United Auto Workers say they’re not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW oppone…

  • U.K. ready to pay up to $47 billion to leave EU

    LONDON (Reuters) — Britain is prepared to pay up to €40 billion ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources …

  • Global Economy / To preserve authority, Xi can’t afford 2nd-term economic slowdown

    The Chinese Communist Party’s National Congress (see below), which gathers once every five years, will meet this autumn. For the administration of President Xi Jinping, which is entering its second…

  • VW executive pleads guilty in emissions scandal

    DETROIT (AP) — A German Volkswagen executive pleaded guilty Friday to conspiracy and fraud charges in Detroit in a scheme to cheat emission rules on nearly 600,000 diesel vehicles. Shackled at the…

  • GPIF posts ¥5.1 tril. investment profit

    TOKYO (Jiji Press) — The Government Pension Investment Fund posted ¥5,115.3 billion in investment returns in April-June, logging a profit for the fourth consecutive quarter, the manager of public …

  • Solid hiring cuts unemployment rate to 4.3 %

    WASHINGTON (AP) — U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy’s vitality as it enters a ninth year of expansion. The unemployme…

  • JT to buy Indonesia tobacco company

    TOKYO (Jiji Press) — Japan Tobacco Inc. said Friday it will buy Indonesian kretek cigarette company PT Karyadibya Mahardhika and its distributor for a total of $1 billion. The Japanese company wi…

  • Toyota aims to stay relevant with AI, self-driving cars

    TOKYO (Bloomberg) — Toyota Motor Corp. agreed to buy a stake in Mazda Motor Corp. and jointly build a $1.6 billion plant in the U.S. Asia’s largest automaker will also invest more in areas like se…

  • U.S. trade deficit narrows to $43.6 bil.

    WASHINGTON (AP) — The U.S. trade deficit narrowed in June as exports hit the highest level in 2½ years. The Commerce Department said Friday that the trade gap slid 5.9 percent in June to $43.6 bi…

  • Russian oil giant supports Venezuela firm

    MOSCOW (Bloomberg) — Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the U.S. sanctioned Venezuelan President Nicolas Maduro on Monday. Rosne…

  • Nikkei average seen moving around 20,000 based on corporate earnings reports

    TOKYO (Jiji Press) — The benchmark Nikkei average is seen moving around 20,000 this week, with investors examining corporate earnings reports in the final series of latest announcements. Last week…

  • The cars are the stars

    Vintage cars are lined up at the Automobile Council 2017 on Friday in Mihama Ward, Chiba. The event, which ends Sunday, features over 100 cars — making it a great place for enthusiasts to get up clo…

  • Automakers join forces in race for eco car supremacy

    Mergers and alliances in the car industry are progressing around the world, as seen in the latest capital tie-up between Toyota Motor Corp. and Mazda Motor Corp. This is due to automakers facing the …

  • BOJ to link system with foreign central bank

    TOKYO (Jiji Press) — The Bank of Japan and the Hong Kong central bank plan to link their settlement systems, informed sources said Thursday. If realized, it will be the first time for the BOJ to l…

  • Air France extends no-fly zone around North Korea

    PARIS (AFP-Jiji) — Air France said Thursday it was extending its non-flyover zone around North Korea after a missile from the reclusive state fell into the sea 100 kilometers from one its plane’s…

  • Real wages drop 0.8% in June

    TOKYO (Jiji Press) — The price-adjusted real wage index in June fell 0.8 percent from a year before, the biggest drop in two years, the Health, Labor and Welfare Ministry said Friday. The index d…

  • Toyota, Mazda unveil capital tie-up plans

    Toyota Motor Corp. and Mazda Motor Corp. announced on Friday that they will enter a business and capital alliance to jointly develop electric vehicles. Toyota will obtain a 5.05 percent stake in Ma…

  • Brexit-wary BoE keeps low rates unchanged

    LONDON (Reuters) — The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as it warned that Brexit was weighing on the economy. The glo…

  • How realistic are plans to ban gas, diesel car sales from 2025?

    FRANKFURT (AP) — Ban the sale of gasoline and diesel cars by a deadline — 2040, 2030, even 2025. More and more governments are proposing just that. But how seriously can such deadlines be taken? …

  • Tokyo Gov. Koike calls for corporate tax cuts

    TOKYO (Jiji Press) — Tokyo Gov. Yuriko Koike called on the government on Thursday to lower the effective corporate tax rates. Effective corporate tax rates in Tokyo are still higher than those in c…

  • Nikkei falls below 20,000 on yen’s rise

    TOKYO (Jiji Press) — Stocks ended lower on the Tokyo Stock Exchange on Friday under the pressure of the yen’s rise against the dollar, pushing down the benchmark Nikkei average below 20,000 for th…

  • Toyota lifts profit outlook to ¥1.85 tril.

    TOKYO (Reuters) — Toyota Motor Corp. raised its full-year profit forecast by 16 percent on Friday, citing expectations of a weaker yen, after posting a smaller-than-expected drop in quarterly profit…

  • Nutritional drink makers try to give market a jolt

    Amid declining sales of nutritional drinks such as Lipovitan D, manufacturers are introducing new products in a bid to rejuvenate the market. Nutritional drinks were long popular mainly among sala…

  • Smaller tuna catch quota to be cut

    TOKYO (Jiji Press) — The Fisheries Agency said Wednesday it will cut this season’s catch quotas on smaller Pacific bluefin tuna for 25 prefectures, including Hokkaido and Miyagi, aiming to preserv…

  • German carmakers agree to ministers’ pollution demands

    BERLIN (Reuters) — German politicians and car bosses agreed on Wednesday to overhaul engine software on 5.3 million diesel cars to cut pollution and try to repair the industry’s battered reputatio…

  • Toshiba to build chip plant without WD

    TOKYO (Bloomberg) — Toshiba Corp. is going forward with plans to build a new flash-memory manufacturing plant without longtime venture partner Western Digital Corp. The company will spend ¥195 bi…

  • Tesla shares rise despite record loss

    SAN FRANCISCO (Reuters) — Tesla Inc. reported quarterly revenue that doubled on Wednesday and a loss that was the electric car maker’s largest ever, but its shares rose after revealing more than …

  • U.S. workers’ union rolls the dice at Nissan plant

    CANTON, Miss. (Reuters) — For nearly a decade, the United Auto Workers union has tried to organize workers at Nissan Motor Co.’s assembly plant here, challenging the company’s wages, safety rec…

  • Apple helps drive Dow above 22,000 line

    NEW YORK (AP) — Being the world’s most valuable public company has its privileges, like getting almost all the credit for the latest stock market milestone. Apple made its biggest jump in six mon…

  • China-built railway frustrates Kenyans

    NAIROBI (Reuters) — The new railway linking Nairobi to the port of Mombasa was supposed to be the crowning achievement of an infrastructure bonanza propelling President Uhuru Kenyatta to victory in…

  • U.S. auto sales fall as makers cut rental sales

    DETROIT (Reuters) — U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as the overall pace of U.S. car and light truck sales fell for the fifth s…

  • Apple’s quarterly profits beat estimates

    SAN FRANCISCO (AFP-Jiji) — Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12…

  • Make iPhones in India

    NEW DELHI (Reuters) — Apple Inc. has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components. Government offi…

  • Sprint profit surprises as speculation over Charter merger sends shares higher

    NEW YORK (Bloomberg) — Sprint Corp. overcame its second straight quarter of subscriber losses to post its first profit in three years as the company’s turnaround bid and cost cuts gained momentum…

  • Trump: Foxconn could triple U.S. investment to $30 bil.

    BEIJING (Bloomberg) — Foxconn Chairman Terry Gou is considering tripling his U.S. investment budget to $30 billion, President Donald Trump said while outlining “off-record” remarks made by the b…

  • Eurozone recovery on track as growth rises faster in Q2

    BRUSSELS (AFP-Jiji) — Growth in the eurozone accelerated slightly in the second quarter of 2017 as Europe’s tentative economic recovery remained on track, official EU data showed on Tuesday. Th…

  • Brazil posts record $6.3 bil. trade surplus

    BRASILIA (Reuters) — Brazil posted a trade surplus of $6.298 billion last month, government data showed on Tuesday, slightly below analyst forecasts but still the biggest for the month on record. …

  • China’s 2nd biggest bank nominates BOC boss to be next chairman

    BEIJING/HONG KONG (Reuters) — China Construction Bank Corp. (CCB), the country’s second-biggest bank, has nominated Tian Guoli, the boss of the smaller Bank of China Ltd, to be its next chairman,…

  • Consumer sentiment improves in July

    TOKYO (Jiji Press) — Consumer sentiment in Japan in July rose month on month for the first time since May, a Cabinet Office survey showed on Wednesday. The consumer confidence index for the repor…

  • New auto sales grow 2.9% in July

    TOKYO (Jiji Press) — New automobile sales in Japan in July rose 2.9 percent from a year earlier to 427,549 units, up for the ninth straight month, industry data showed Tuesday. The increase was dr…

  • Firms preparing to fully launch self-driving tractors

    OSAKA (Jiji Press) — Major agricultural machinery makers are preparing to launch full-fledged sales of self-driving tractors, possibly in fiscal 2018, which starts next April. The government plans…

  • 5 top banking groups’ combined April-June net profits increase 24%

    TOKYO (Jiji Press) — Japan’s five largest banking groups posted a combined consolidated net profit of ¥726.2 billion in April-June, up 23.9 percent from a year earlier, according to their earnin…

  • 7 major electronics makers post net profit

    TOKYO (Jiji Press) — Seven major Japanese electronics makers were in the black in April-June thanks to structural reforms, recovering demand in China and the yen’s weakness. Sony Corp.’s cons…

  • Sales fall at 3 of 4 major dept. stores

    TOKYO (Jiji Press) — Three of Japan’s four major department store operators suffered year-on-year sales drops in July, data from the companies revealed Tuesday. Sales were down 0.2 percent at Ta…

  • Hokkaido, Okinawa get upgraded views

    TOKYO (Jiji Press) — The Finance Ministry raised its economic assessments on Tuesday on the Hokkaido and Okinawa regions, citing improved personal consumption and the strong performance of the tour…

  • Monetary base up 0.1% in July

    TOKYO (Jiji Press) — Japan’s monetary base rose 0.1 percent from a month before to stand at ¥468,344.4 billion at the end of July, rewriting a record high for the second consecutive month, the B…

  • Honda ups profit forecast on back of strong Asia demand / China sales of Civic sedans, XR-Vs offset slow U.S. market

    TOKYO (Reuters) — Honda Motor Co. drove up its profit forecast for the year citing a more favorable currency exchange rate, after posting a surprise rise in quarterly earnings on the back of a weake…

  • 3 tasks set for Toshiba rehabilitation

    Toshiba Corp. must clear three hurdles to keep its shares from being delisted from the Tokyo Stock Exchange. The shares were demoted to the TSE’s Second Section on Tuesday because the company’s liabil…

  • IMF: Key Abenomics targets still out of reach

    WASHINGTON (Jiji Press) — The government has yet to achieve its policy targets set under Prime Minister Shinzo Abe’s Abenomics economic policy mix as inflation remains “stubbornly low,” the I…

  • U.S. utilities ditch construction of reactors after Westinghouse bankruptcy

    COLUMBIA, S.C. (Reuters) — South Carolina utilities said on Monday they are abandoning two unfinished reactors that were once hailed as the start of a U.S. nuclear power renaissance before they wer…

  • Toshiba demoted to TSE’s 2nd Section

    TOKYO (Jiji Press) — Toshiba Corp. shares were demoted to the Tokyo Stock Exchange’s Second Section from the First Section on Tuesday amid the electronics and machinery maker’s struggle to reco…

  • Kansai Electric signs MOX N-fuel deal

    FUKUI (Jiji Press) — Kansai Electric Power Co. said Monday it has concluded a contract to procure mixed oxide, or MOX, nuclear fuel for the Nos. 3 and 4 reactors at its Takahama nuclear power stati…

  • KEPCO to join Europe sector

    OSAKA (Jiji Press) — Kansai Electric Power Co. has said it will acquire a 24 percent stake in Irish wind power plant operator Evalair Ltd. through a subsidiary, marking its first entry into the Eur…

  • Sony’s Q1 profit tops estimates

    TOKYO (Bloomberg) — Sony Corp.’s quarterly profit topped analyst estimates, thanks to demand for smartphone camera chips, a healthy music business and brisk sales of PlayStation4 consoles and gam…

  • SoftBank has $65 bil. readied for potential Charter bid

    NEW YORK (Bloomberg) — SoftBank Group Corp. has lined up as much as $65 billion in financing from four banks for a potential formal offer for Charter Communications Inc., according to people familia…

  • Aso to discuss frozen beef import tariffs with U.S.

    TOKYO (Reuters) — Finance Minister Taro Aso said Tuesday that Tokyo would raise the issue of tariffs on frozen beef imports from the United States and other countries in bilateral economic talks wit…

  • Discovery, Scripps seek to tie up in $12 bil. TV deal

    SILVER SPRING, Md. (AP) — Discovery Communications will buy Scripps Networks for close to $12 billion, tying together two powerful stables of TV shows ranging from Animal Planet to the Food Network…

  • U.K. could lose 40,000 banking jobs after Brexit

    LONDON (Reuters) — Britain’s finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, accord…

  • Greenspan: No bubble in stocks but look out when bonds pop

    NEW YORK (Bloomberg) — Equity bears hunting for excess in the stock market might be better off worrying about bond prices, Alan Greenspan says. That’s where the actual bubble is, and when it pops,…

  • Eurozone jobless rate falls to 9.1%

    BRUSSELS (AFP-Jiji) — Unemployment in the eurozone fell in June to the lowest level since February 2009 as Europe’s economic recovery continued to strengthen, official EU figures showed on Monday….

  • Bitcoin tech faces split, may create clone virtual currency

  • Qatar files wide-ranging WTO complaint against trade boycott

  • Scotland: Enact whisky protections after Brexit

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  • Oil hits 2-mth high on tighter U.S. market, Venezuela risk

    SINGAPORE (Reuters) — Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions against OPEC-member Venezuela. U.S. West Texas Intermediate (WT…

  • Industrial output up 1.6% in June

    TOKYO (Jiji Press) — The country’s industrial production in June rose 1.6 percent from the previous month, up for the first time in two months, led by a recovery in automobile output, the Ministr…

  • BOJ shows why ex-deputy Gov. opposed 2007 rate hike

    TOKYO (Jiji Press) — Newly disclosed transcripts of 2007 monetary policy discussions at the Bank of Japan showed on Monday how then Deputy Gov. Kazumasa Iwata opposed a proposal by then Gov. Toshihi…

  • Electronics makers revive classic brands to boost sales

    A revival is spreading among audio brands that long-standing music fans once knew and loved. Many of these brands, such as radio-cassette maker Aiwa Co., are symbolic of the heyday of audio technology…

  • Tokyo Disney parks attract 700 million visitors

    URAYASU, Chiba (Jiji Press) — The total number of visitors to Tokyo Disneyland and Tokyo DisneySea topped 700 million on Monday, Oriental Land Co., the operator of the theme parks, said the same da…

  • U.S. sees its 1st edited human embryo genes

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  • BOJ’s massive ETF buying raises fears about side effects

    TOKYO (Jiji Press) — One year after the Bank of Japan decided to boost the amount of exchange-traded funds it buys as an additional monetary easing step, concerns about side effects from the unconve…

  • Premium Friday reaches crossroads

    TOKYO (Jiji Press) — Premium Friday, a nationwide campaign to encourage people to leave work early on the last Friday of every month and spur consumer spending, faces a crucial moment a half year a…

  • Global Economy / Stagnant prices, interest rates, wages — the ironic stability of a tepid economy

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  • Tesla delivers lower-priced model

    FREMONT, Calif. (AP) — Tesla Inc. has finally made its long-promised affordable electric car. But it could take years to get it to all the people who want to buy it. Tesla delivered the Model 3 sm…

  • Apple removes privacy apps from app store in China

    WASHINGTON (AP) — China appears to have succeeded in eliminating software programs that enable its people to view an uncensored internet. Companies that let people avoid the government filters sai…

  • Apartment construction surges as landowners seek tax breaks

    The construction of rental housing such as apartments and condominiums is rapidly increasing, driven by a surge in individuals who are building them on their own land as a tax-saving measure. Rental…

  • Unattended sales stands increasing

    TOKYO (Jiji Press) — More and more convenience store operators and food makers are installing unattended sales stands or vending machines in business offices, in a bid to tap demand from busy white…

  • Gyudon chains to be hit by tariff hike on U.S. beef

    TOKYO (Jiji Press) — Restaurant chains serving gyudon beef-on-rice bowls are expected to be hit hard by a hike starting Tuesday in the country’s tariffs on frozen beef from the United States and …

  • Nikkei seen staying around 20,000 this week on back of corporate earnings

    TOKYO (Jiji Press) — The key Nikkei stock average is expected to stay around 20,000 this week, while investors are seen continuing to pay attention to corporate earnings reports. Last week, the 22…

  • FDA looks to cut nicotine in cigarettes

    WASHINGTON/NEW YORK(Bloomberg) — The U.S. Food and Drug Administration will explore cutting the level of nicotine in cigarettes to nonaddictive levels, a radical step that would reshape the $130 bil…

  • U.S. economy up 2.6% in 2Q; wages continue to lag behind

    WASHINGTON (Reuters) — The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark sh…

  • U.S. worried about Japan beef tariff hike

    WASHINGTON (Jiji Press) — U.S. Secretary of Agriculture Sonny Perdue on Friday expressed concern about Japan’s decision to carry out a tariff hike for imported frozen beef as a safeguard measure f…

  • Samsung ends Intel’s 2-decade-plus reign in microchips

    SEOUL (AP) — Intel’s more than two decade reign as king of the silicon-based semiconductor ended Thursday when Samsung Electronics surpassed the U.S. manufacturer to become the leading maker of t…

  • U.S. looks to keep NAFTA benefits

    MERIDA, Mexico (Reuters) — U.S. Agriculture Secretary Sonny Perdue said on Friday he hoped farm business with Mexico would not suffer due to President Donald Trump’s drive to get a better deal fo…

  • Toshiba to give notice of chip unit sale to WD

    SAN FRANCISCO (Jiji Press) — A California superior court on Friday stopped short of issuing a ruling over U.S. hard disk drive maker Western Digital Corp.’s petition aimed at blocking struggling …

  • Tokyo real estate firms use creative promotion

    Real estate companies are increasing efforts to attract people to their newly built facilities in the heart of Tokyo, as part of large-scale redevelopment projects in the capital. Tokyo Garden Terra…

  • Amazon likely to continue pervading our lives

    NEW YORK (AP) — Amazon is already a huge part of many people’s lives. And its $13.7 billion deal for the organic grocer Whole Foods will likely bind its customers even more tightly. “It kind of…

  • Govt to activate safeguard tariffs on frozen beef

    TOKYO (Jiji Press) — The government decided Friday to impose emergency tariffs on foreign frozen beef, effective Tuesday, in a safeguard measure triggered by a surge in imports from the United Stat…

  • Hot Switch sales power Nintendo to hefty profit

    TOKYO (Bloomberg) — Nintendo Co. rose the most since September, adding $3.5 billion in market value, after the company surprised investors with a big jump in quarterly profit, driven by software sa…

  • Delta, Air France-KLM, Virgin Atlantic plan tie-up

    PARIS/NEW YORK (Reuters) — Delta Air Lines, Air France-KLM and Virgin Atlantic unveiled plans on Thursday to combine two overlapping transatlantic joint-ventures, supported by equity deals worth $1…

  • China Eastern in the mix

    SINGAPORE/SHANGHAI (Reuters) — China Eastern Airlines Corp. Ltd said on Friday it is buying a 10 percent stake in Europe’s Air France-KLM, in what will be the first investment by one of China’s…

  • Trump urged Bush administration to stop bank mergers in 2004 letter

    WASHINGTON (Reuters) — President Donald Trump warned the administration of George W. Bush in 2004 that big U.S. bank mergers were “totally out of control” and should be stopped as they were for…

  • Moody’s upgrades China’s banking system outlook; first since 2015

    SHANGHAI (Reuters) — Moody’s Investors Service changed its outlook for China’s banking system to stable from negative on Thursday, the first revision in two years. As non-performing loans (NP…

  • China industrial profits jump most in 3 months

    BEIJING (Reuters) — Earnings for China’s industrial firms in June rose at the fastest pace in three months in the latest sign economic momentum in the country remains solid, though analysts expec…

  • Bezos briefly tops Gates as world’s richest person

    NEW YORK (Bloomberg) — A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world’s …

  • U.K. FCA chief says Libor to be phased out by end of 2021

    LONDON (Bloomberg) — Libor, the nearly 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap of history. The U.K. Financial Conduct Authority wil…

  • Swiss National Bank eyes new rate benchmark

    ZURICH (Bloomberg) — The Swiss National Bank faces the prospect of adjusting its monetary-policy toolkit because the interest-rate benchmark it targets will be discontinued in 2021. The SNB has be…

  • Permanent listing of rice futures delayed

    TOKYO (Jiji Press) — The proposed permanent listing of rice futures products on an Osaka exchange is now likely to be postponed, due to opposition from the ruling Liberal Democratic Party, it was l…

  • Summer holiday budget falls for 2nd straight year

    TOKYO (Jiji Press) — Japanese households’ average budget for leisure and other purposes in this year’s summer holidays fell by ¥2,952 from a year earlier to ¥81,380, down for the second strai…

  • Sumitomo combines asset biz units

    TOKYO (Jiji Press) — Sumitomo Mitsui Trust Holdings Inc. said Thursday it will consolidate its asset management operations to create one of the largest asset management companies in Japan. The ho…

  • Retail sales up 2.1% on cars, cosmetics

    TOKYO (Jiji Press) — Sales at retailers in Japan in June grew 2.1 percent from a year before to ¥11,566 billion, up for the eighth straight month, the Ministry of Economy, Trade and Industry said …

  • Spending up for 1st time in 16 months

    TOKYO (Jiji Press) — Consumption spending by households in Japan in June grew 2.3 percent from a year before in price-adjusted real terms, marking the first rise in 16 months, the internal affairs …

  • Core consumer prices up 0.4%

    TOKYO (Jiji Press) — Japan’s core consumer prices rose 0.4 percent in June from a year before, up for the sixth straight month, the internal affairs ministry said Friday. The increase reflected…

  • Nissan-Renault group leads global auto market in 1st half

    TOKYO (Jiji Press) — The group of Japan’s Nissan Motor Co. and France’s Renault SA became the top vehicle seller in the global market in January-June for the first time, beating Japan’s Toyota…

  • Honda to relaunch Civic in Japan in Sept.

    TOKYO (Jiji Press) — Honda Motor Co. said Thursday it will sell new models of its Civic mainstay passenger car in Japan from Sept. 29. This will mark the first domestic launch of a mass-produced C…

  • Porsche to recall Cayenne over emissions software

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  • Wisconsin lands $10 bil. Foxconn factory

  • Japan eyes safeguard on U.S. beef

  • Daiwa Securities boosts M&A muscle in N. America

  • New Kit Kat factory fills demand for novelty

  • Fed leaves rates unchanged but moves closer to bond portfolio cut

  • Facebook profits jump on boost in mobile ads

  • Frozen beef tariff plan sends chill down retailers’ spines

  • Rengo to withdraw support for specialist jobs overtime reform

  • Trump: Apple CEO promised to build 3 big plants in U.S.

  • New BOJ policymakers resolved to attain 2% inflation target

  • 2 Kyushu banks to postpone planned merger indefinitely

  • SoftBank considers bidding for Equis Energy

  • Govt panel agrees on ¥25 minimum wage increase

  • Toshiba buys additional stake in U.K. nuclear power unit

  • Jobs lift U.S. consumer confidence to 16-year high

  • BMW halts project talks after Daimler cries foul

  • Michael Kors to purchase Jimmy Choo for $1.2 bil.

  • Investment in U.K. fintech tops pre-Brexit levels in 1st half of 2017

  • Yellen, Cohn possible Fed chair picks

  • TEPCO seeks dialogue over Niigata N-plant

  • Britain launches fund to boost electric battery tech / Racing to support green carmakers ahead of Brexit

  • Greece to return to bond market after 3-yr hiatus

  • Lagarde: In a decade IMF could be based in Beijing

  • EU increases pressure on Facebook, Google and Twitter to amend user terms

  • Brazil plans buyout of civil servants

  • Republicans push to make cuts to nonpartisan CBO

  • Alphabet profit sees sharp decline after massive EU fine

  • Govt appoints 2 new BOJ board members / Members who opposed further easing succeeded

  • Oil extends gains as Saudi Arabia vows export curbs

  • JBIC to offer syndicated loans to boost ship exports

  • Supermarket sales down for 1st time in 4 yrs

  • VW cars lacking refit to lose registration

  • Mitsubishi Tanabe to buy NeuroDerm

  • Household appliance shipments up 6%

  • Kirin Ichiban to get makeover

  • S. Korea forecasts fastest growth in 3 years in 2017

  • Japan, U.S. plan economic dialogue in autumn

  • IMF revises up Japan growth forecast to 1.3%

  • Telework test held to prepare for Olympics

  • Nomura fund soars to $3.6 bil. as it bets on Modi

  • Australia investigates Takata airbag recall

  • Minister: Britain needs transitional deal with EU before next election in 2022

  • French ’17 wine output may fall to record low after frosts

  • Libya, Nigeria oil output caps said to be ruled out

  • U.S. states vie for Foxconn display panel factory

  • 3 U.S. airlines fined over violations / Late refunds, bumped seats bring censure

  • Pokemon Go strikes records in 1st year

  • IMF sees 2017 Saudi growth ‘close to zero’

  • Ireland seeks fund for Apple cash as tax collection nears

  • 1st Telework Day campaign to start on Mon.

  • Flea market app provider Mercari files for listing

  • Eurozone bond yields fall as euro hits 2-yr high

  • Tokyo stocks expected to remain firm this week as investors examine reports

  • Trump signs orders to bolster defense industry

  • EU examines collusion by German carmakers

  • Toyota to make electric cars in China

  • Bank of America picks Dublin as EU base

  • 5G set to revolutionize tech industry

  • North Korea’s 2016 GDP growth surged 3.9%

  • China to allow imports of U.S. rice for 1st time

  • China says U.S. talks covered joint efforts on cutting excess steel capacity

  • Rengo chief Kozu to stay on amid row

  • Price-wary consumers stymie 2% goal

  • Govt says AI can boost wages through productivity

  • Part-timers’ hourly pay hits record high in 3 metro areas

  • Son sees massive data, AI as key to future advances

  • Tech group sides with Apple in row with Qualcomm

  • Musk touts approval of New York-D.C. 29-minute ‘hyperloop’ link

  • ECB delays day of reckoning after shakey market reaction

  • U.S., China fail to agree on trade

  • BOJ’s dovish bent reinforces policy divergence across Asia

  • NAFTA talks slated to begin next month

  • Half-year trade surplus logged for 3rd consecutive period

  • Idemitsu family dealt setback in merger rift

  • BOJ pushes back 2% target to FY19

  • Eel slightly cheaper, but long-term supply uncertain

  • Spice giant McCormick buys Reckitt food unit

  • Visitors in Jan.-June hit record high for 5th year

  • ADB: Emerging Asia forecast to grow 5.9%

  • Deficit estimate improves, but still way off FY20 target

  • Daimler to recall 3 million vehicles to ease diesel doubts

  • Lockheed Martin profits top estimates on F-35 sales

  • SoftBank, GM join investors in self-driving startup Nauto

  • U.S. officials looking for steps by China to open markets

  • New £10 note unveiled featuring Jane Austen

  • Jan.-June condo supply up in Tokyo

  • Stocks end higher after directionless moves

  • 13 Japanese bitcoin exchange operators to suspend trading

  • Business mood steady at high levels

  • Toshiba blocks Western Digital access to chip joint venture

  • Govt keeps economic assessment unchanged

  • Chicago’s oldest paper sold to investor group for song

  • 20% corporate tax rate being mulled in U.S.

  • U.S. to allow thousands more foreign seasonal workers

  • Dominion Diamond OK’s $1.2 billion buyout bid

  • Netflix shares jump as users top 100 million

  • Union representation vote set for Nissan Mississippi plant

  • U.K. top lawmakers seek disclosure of Toyota investment reassurances

  • U.S. fines BNP Paribas $246 mil.

  • Nikko Asset buys into Ardent Leisure

  • Taiwan to lift ban on Japanese beef

  • Govt wants solution to subscribers’ overpayment for smartphone data

  • China eyes foreign investment drive

  • Yahoo Japan launches gaming platform

  • Court rejects Idemitsu plan to issue shares / Ruling says purpose of the new share plan cannot be justified

  • Vinyl records strike chord with young

  • China’s GDP grows faster than expected in 2nd qtr

  • U.S. to urge lower trade gap in NAFTA talks

  • Global Economy / Greece’s economic stability key to strengthening eurozone recovery

  • Commission rejects saury catch quota proposal

  • Report: Chinese leadership contender Sun under probe

  • Toshiba to hold chip unit deal until court hearing

  • Govt mulls special budget request

  • FY18 GDP growth forecast to rise

  • Trudeau warns U.S. against ‘shortcuts’

  • IMF warns Canada on housing, trade

  • Toyota got U.K. investment assurances

  • Disney Parks unveils ‘Star Wars: Galaxy’s Edge’

  • Crisis approaching in saury fishing

  • Xi calls for risk-reduction role for China central bank

  • Tokyo stocks expected to remain in tight range this week ahead of key events

  • Buffett, Malone mull investment in Sprint

  • GLP gets $11.6 bil. buyout offer

  • Ex-Suzuki employee pleads guilty to filing false report

  • Debt limit package set for August

  • U.S. budget deficit to reach $702 bil.

  • Uber backers discussing stock sale to SoftBank

  • JPMorgan CEO shifts topic to politics

  • EasyJet to establish new airline in Austria

  • Decision on Toshiba chip unit sale delayed

  • Trump considering quotas, tariffs over ‘big problem’ of steel trade

  • Kanebo remnant still faces issues decade after scandal

  • Yamato mulls working with rivals amid driver shortage

  • 11 TPP nations may compile review draft in Aug.

  • Mifune restaurant opens in N.Y.

  • Abe ‘accepts’ request on white collar exemption bill

  • Automakers call on China to soften electric car quotas

  • Yellen: Tight labor market likely to push inflation higher/Trump’s goal of reaching 3% growth unrealistic

  • U.S. budget deficit rose in June to $90.2 billion

  • Ex-Bulgari executive named Tiffany CEO

  • Uber, Yandex to combine ride-hailing in Russia

  • U.S. farm lobby turns up heat on Trump team as NAFTA talks near

  • 11 nations continue talks on ways to effectuate TPP

  • Canada joins U.S. in hiking interest rate, with caution

  • Report: Probe targets Daimler over emissions manipulation

  • Greece finally gains seal of approval from EU

  • BOJ to revise down forecast for inflation

  • Saga’s sake shines at Paris competition

  • Fed chair Yellen calls for gradual rate hikes

  • U.S. sets stage for revising S. Korea deal

  • Govt to boost bonuses for part-time workers

  • TPP talks to focus on bridging divides

  • Beer shipments sink to record low

  • 2017 to mark dawn of OLED TV era

  • Takata to recall more air bags in United States

  • Japan to make 104-day annual leave mandatory for skilled workers

  • Japan, EU ink pact on LNG resale

  • U.S. court halts Toshiba’s ban on info-sharing with WD

  • Toshiba in talks with WD

  • 4 airports remain under laptop ban

  • Producer prices up 2.1% in June

  • Qatar Petroleum, Total unveil tie-up

  • Audi seeks to eclipse emissions scandal with new A8 car / Level-3 self-driving tech puts it ahead of pack

  • China vehicle sales in June rebound amid price cuts

  • Buffett donates $3.17 bil. to Gates charity, four others

  • Coal briefly to top gas as No. 1 U.S. fuel source

  • Bank of Canada expected to raise rates for 1st time in 7 years

  • Legend in talks for stake in Luxembourg bank

  • Japan to propose saury catch quotas

  • Faraday Future halts work on Nevada plant

  • Trump taps Quarles for Fed board

  • Germany comes under new EU pressure to increase spending

  • Australia vows post-Brexit trade with U.K. ‘ASAP’

  • Faulty Takata airbag causes 17th death worldwide

  • Economy watcher sentiment up for 3rd month

  • Corporate bankruptcies hit 27-year low

  • Suzuki ‘may have violated emissions rules’

  • BOJ upgrades its economic views for 5 out of 9 regions

  • Marronnier Gate 2 and 3 open after renovations

    Marronnier Gate Ginza 2 and 3 made their grand debut in the Ginza district of Tokyo on Wednesday after renovations were completed on the main and annex buildings of the former Printemps Ginza departm…

  • Ex-Goldman banker Mnuchin voted in to lead U.S. Treasury

  • ECB sees seeds of next crisis in Trump deregulation plan

  • Investor Icahn to sell closed Trump Taj Mahal casino in Atlantic City

  • Anti-Trump protest targets Japanese banks

  • Japan firms confused about Trump’s immigration order

  • Ford, Goldman CEOs slam travel ban

  • Rakuten backs Muslim workers

  • U.S. order on rules skips key regulations

  • Trump ‘trims $600 mil.’ from F-35 costs

  • U.S. notifies signatories of withdrawal from TPP

  • Financial literacy survey shows Japan-U.S. gap in knowledge

    A survey conducted on financial literacy found that people in Japan have a poorer understanding of financial matters than respondents to similar surveys conducted in the United States and by the Orga…

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