Mattis backs targeted steel, aluminum tariffs 11:00 pm, February 23, 2018

  • Uber CEO pledges aggressive push into Southeast Asia despite costs

    NEW DELHI (Reuters) — Uber Technologies Inc.’s chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fas…

  • Mattis backs targeted steel, aluminum tariffs

    WASHINGTON (Reuters) — The U.S. Defense Department has voiced support for the Trump administration’s bid to impose national security restrictions on imports of steel and aluminum, although it wou…

  • HondaJet soars to 1st place in ’17 small-jet orders

    TOKYO (Jiji Press) — Honda Motor Co. said Thursday that the HondaJet, manufactured by a U.S. subsidiary, became the most delivered small jet in the world for the first time on an annual basis in 20…

  • Chinese govt seizes control of Anbang Insurance

  • Consumer prices continue rise

    TOKYO (Jiji Press) — Core consumer prices climbed 0.9 percent from a year earlier in January, up for the 13th month in a row, as upbeat oil prices led to rises in electricity and gasoline prices, t…

  • WTO sides with Japan over S. Korea’s fishery products ban

    A World Trade Organization dispute settlement panel has sided with Japan over South Korea’s restrictions on fishery products imported from Japan, releasing on Friday a report that calls on South Kor…

  • Premium Friday fails to take root

    The Premium Friday campaign aimed at boosting consumer spending by encouraging people to finish work early on the last Friday of every month marked one year since its launch on Friday. The campaign …

  • Takata reaches settlement with U.S. states over air bags

    DETROIT (AP) — Air bag maker Takata Corp. has reached a $650 million deal to settle consumer protection claims from 44 U.S. states and Washington, D.C., but only a fraction of the money will be paid…

  • Defector to rival ignites yogurt rift

    NEW YORK (Bloomberg) — The war between established yogurt makers and upstarts intensified when Dannon Co. sued a former senior vice president for allegedly taking confidential information and trade…

  • Top Ford exec departs over ‘behavioral’ issue

    DETROIT (Reuters) — Ford Motor Co. said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was “in…

  • Existing U.S. home sales drop on waning supply

    WASHINGTON (AP) — U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sal…

  • U.S.-pushed rules on ice in final version of TPP

    WELLINGTON/SYDNEY (Reuters) — The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific’s fastest-growing economies was released on Wednesday, signaling the pac…

  • Qantas soars to bumper profits, plans pilot school

    SYDNEY (AFP-Jiji) — Qantas Airways posted a bumper 17.9 percent jump in interim net profit Thursday and announced a share buyback, while outlining plans to create one of the southern hemisphere’s…

  • U.S. vows action on unfair trade practices

    WASHINGTON (Jiji Press) — U.S. President Donald Trump expressed his strong determination on Wednesday to take tough action against unfair trade practices in foreign countries. Pushing to make int…

  • Fed: Stronger economy boosts chance for rate hikes

    WASHINGTON (AP) — Federal Reserve officials at their January meeting saw a brightening global economic picture and the effects of recently passed tax cuts raising the prospect for solid growth and c…

  • EU antitrust watchdog imposes big cartel fines

    BRUSSELS (AP) — The European Union’s antitrust watchdog is sounding the warning to business cartels by announcing fines totaling more than half a billion euros ($600 million) in three anti-trust c…

  • Companies compete to snag job changers

    The career-change market is booming, fueled by a recovering economy and a tight labor market in which the number of job openings significantly exceeds that of employees seeking to change jobs. A se…

  • New condo prices hit record high

    TOKYO (Jiji Press) — The average price for new condominiums in 2017 hit a record high, on the back of strong demand in central Tokyo despite dizzying price levels, a private research institute sai…

  • Japan’s chief negotiator would welcome idea of post-Brexit U.K. joining TPP

    Japan’s chief negotiator for the Trans-Pacific Partnership (TPP), Kazuyoshi Umemoto, said Tuesday that Japan would welcome the idea of Britain joining the TPP trade group after Brexit. “The purpo…

  • Japan likely to exceed quota on bluefin tuna for 2nd year

    Japan’s ability to abide by international restrictions on bluefin tuna fishing is in doubt. It appears that for the second year in a row, Japan will exceed its quota on small bluefin tuna caught in…

  • S. Korea launches WTO trade challenge against U.S.

    GENEVA (Reuters) — South Korea has launched a wide-ranging complaint at the World Trade Organization to challenge the U.S. use of anti-subsidy and anti-dumping duties, citing their use on steel and …

  • EU, Mexico say progress made after trade talks

    MEXICO CITY (Reuters) — European Union and Mexican negotiators wrapped up a ninth round of talks on Tuesday aimed at modernizing their two-decade-old free trade deal, saying they had agreed on five…

  • Venezuela says launch of ‘petro’ raised $735 mil.

    CARACAS (Reuters) — President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the…

  • Mitsubishi Corp. to up stake in Mitsubishi Motors Corp. to 20%

    TOKYO (Jiji Press) — Major trader Mitsubishi Corp. said Tuesday that it will increase its equity stake in Mitsubishi Motors Corp. from 9.24 percent to about 20 percent on a voting-rights basis th…

  • Overconfidence at Mitsubishi Cable caused scandal

    TOKYO (Jiji Press) — A data falsification scandal involving a Mitsubishi Materials Corp. unit was caused by overconfidence about quality control and a lack of risk awareness, an investigative commi…

  • Toyota develops cheaper magnet for EV motors

    NAGOYA (Jiji Press) — Toyota Motor Corp., in a world first, has developed a magnet for electric vehicle motors that is equally powerful but significantly cheaper than magnets using a pricey rare ea…

  • Japan crude steel production up 0.3%

    TOKYO (Jiji Press) — Crude steel production in Japan in January grew 0.3 percent from a year before to 9.03 million tons, up for the third straight month, the Japan Iron and Steel Federation said T…

  • Snow helps sales at convenience stores

    TOKYO (Jiji Press) — Sales at convenience stores in Japan in January rose 0.1 percent from a year before to ¥741.8 billion on a same-store basis, up for the first time in eight months, the Japan F…

  • Foreigners log net Japanese bond selling

    TOKYO (Jiji Press) — Foreign investors became net sellers of Japanese bonds, excluding short-term government securities, for the first time in three years and seven months in January, industry data…

  • Sumitomo to invest in digital media biz

    TOKYO (Jiji Press) — Japanese trading house Sumitomo Corp. said Wednesday that it will make a full-scale entry into the digital media sector, including the distribution of music and video over the…

  • Guitar maker Gibson fighting for survival

    SAN FRANCISCO (AFP-Jiji) — World-famous guitar maker Gibson, whose instruments have been played by the likes of John Lennon and Elvis Presley, is facing serious financial problems that threaten its…

  • Sake exports reach record high again

    Japan’s sake exports increased 19 percent in 2017 from the previous year to 23,481 kiloliters, setting a record high for eight years in a row. Partly boosted by a growing interest in Japanese cuis…

  • Spanish minister picked as next ECB vice president

    BRUSSELS (Reuters) — Eurozone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Constancio in May, a move likely to bo…

  • Chicken chaos shuts 700 KFC stores in U.K.

    LONDON (AFP-Jiji) — U.S. fast-food chain KFC said Monday it had shut hundreds of British stores as German delivery supplier DHL left them short of fowl and customers without their “fried chicken …

  • Aging Singapore unveils tax increase measures

    SINGAPORE (Reuters) — Singapore said its sales tax will rise to 9 percent from 7 percent, but the change will only come “sometime” between 2021 and 2025, making it likely that the increase woul…

  • Japan’s steel industry protests U.S. tariff plan

    TOKYO (Jiji Press) — Japan Iron and Steel Federation Chairman Kosei Shindo voiced Monday his strong displeasure at U.S. Commerce Department-recommended measures against steel imports. The anti-imp…

  • Saudi Arabia Cabinet approves bankruptcy law

    DUBAI/KHOBAR, Saudi Arabia (Reuters) — Saudi Arabia’s Cabinet has approved a bankruptcy law, sources familiar with the matter said Sunday, giving a boost to efforts to make the kingdom more entic…

  • Japan logs ¥943 bil. trade deficit

    TOKYO (Jiji Press) — Japan posted a customs-cleared trade deficit of ¥943.4 billion in January, the first red ink in eight months, the Finance Ministry said in a preliminary report Monday. But Ja…

  • Local rules being prepared for minpaku private lodging biz

    TOKYO (Jiji Press) — Ahead of the introduction of a law to regulate the “minpaku” private lodging business in Japan in June this year, dozens of local governments across the country have starte…

  • Taxi industry signals new direction with ride-sharing

    Services offered by taxi companies are changing. The taxi industry and the Land, Infrastructure, Transport and Tourism Ministry are conducting practical trials of new services such as ride-sharing, fo…

  • 2017 global dividends hit record high at $1.25 trillion

    MILAN (Reuters) — Global dividends rose 7.7 percent to an all-time high of $1.25 trillion last year, boosted by a buoyant world economy and rising corporate confidence, Janus Henderson said on Mond…

  • U.S. cities pitching diversity in an effort to lure more businesses

    Some U.S. cities and regions are highlighting racial diversity along with positive business climates, competitive tax rates and available land in pitches to lure tech companies and high-paying jobs t…

  • Tokyo stocks rise further as U.S. gains encourage players

    TOKYO (Jiji Press) — Stocks continued to surge on the Tokyo Stock Exchange on Monday, with investors encouraged to see the U.S. Dow Jones industrial average extend its winning streak to a sixth sess…

  • Ikinari Steak adds house in Manhattan

    NEW YORK (Jiji Press) — The fourth U.S. restaurant of Ikinari Steak, a popular Japanese chain, opened near Fifth Avenue in New York’s Manhattan last week. In the new steakhouse, located between F…

  • Securities firms target elderly customers

    TOKYO (Jiji Press) — Japanese securities firms are boosting services to support shukatsu end of life preparations as a marketing strategy to lure elderly customers. Securities firms are aiming to a…

  • Global Economy / Can China achieve modernization as envisioned?

    With the start of his second term, Chinese President Xi Jinping announced his goal of realizing “socialist modernization” by 2035. What would such a country look like? “In 2035, China will hol…

  • Bailey’s Burberry farewell tops fashion week

    LONDON (AP) — Christopher Bailey’s final show as Burberry creative director dominated London Fashion Week on Saturday. Bailey is leaving the popular brand later this year after a 17-year stint th…

  • 56.5% of firms seen raising pay

    TOKYO (Jiji Press) — A Teikoku Databank Ltd. survey showed Friday that the proportion of Japanese companies expecting to offer pay hikes for regular workers in fiscal 2018 came to 56.5 percent, the…

  • Fitch upgrades Greece to ‘B’ rating

    Fitch Ratings raised Greece’s sovereign credit rating by one notch on Friday and said general government debt sustainability would improve on sustained economic growth and reduced political risks. …

  • Tokyo stocks seen firm this week with fewer trading incentives

    TOKYO (Jiji Press) — Tokyo stocks are expected to move on a firm note this week, with the market’s downside underpinned by solid corporate performances in Japan. Last week, the benchmark 225-iss…

  • Abe prioritizes stability in sticking with Kuroda

    Prime Minister Shinzo Abe’s praise for Haruhiko Kuroda suggests he was considering reappointing him early in the selection process for a Bank of Japan governor. Abe previously said, “I have trust …

  • U.S. home construction at highest level since Oct. ’16

    WASHINGTON (AP) — Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale….

  • Japan in Depth / Exit strategy from BOJ’s monetary easing remains unseen

    Bank of Japan Gov. Haruhiko Kuroda, whose reappointment is expected to be approved at the Diet, has persistently implemented a massive monetary easing policy in an effort to raise the nation’s annua…

  • Trump recommended to mull new tariffs on steel, aluminum

    WASHINGTON (Jiji Press) — The U.S. Commerce Department said Friday it has recommended President Donald Trump to consider imposing new tariffs on steel and aluminum imports from all trade partners, i…

  • Pilot shortage puts LCCs in a bind

    Concern is growing over a looming pilot shortage, amid a sharp increase in the number of routes and flights with the emergence of low-cost carriers. Pilots — who ensure the safety of air travel — …

  • Ghosn pledges ‘irreversible’ alliance with Nissan

    PARIS (Bloomberg) — Renault SA’s Carlos Ghosn pledged to cement the French automaker’s partnership with Nissan Motor Co. and Mitsubishi Motors Corp. after agreeing to stay on as chairman and chi…

  • Cheeseburger removed from McDonald’s Happy Meals

    NEW YORK (AP) — McDonald’s is taking cheeseburgers and chocolate milk off its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat and sugar that kids consume at its re…

  • U.S. says Chinese group can’t buy Chicago Stock Exchange

    U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers thre…

  • Renault green-lights Ghosn for 4 more years, picks No. 2

    PARIS (AFP-Jiji) — French auto giant Renault’s board on Thursday backed a new four-year term for chief executive Carlos Ghosn and set up his succession by naming a number two. “The board decide…

  • Nidec chief to step down after 45 yrs

    KYOTO (Jiji Press) — Nidec Corp. said Thursday that it will promote Executive Vice President Hiroyuki Yoshimoto, 50, to president to succeed Shigenobu Nagamori, in a bid to rejuvenate its managemen…

  • Massive easing here to stay

    Bank of Japan Gov. Haruhiko Kuroda’s reappointment, which the government proposed to the Diet on Friday, is aimed at giving the highest priority to overcoming deflation and stabilizing financial mar…

  • 3% hike in pay easier said than done

    Despite some prodding from the government, it remains unclear if companies will offer to raise wages by 3 percent during annual shunto labor-management negotiations in spring. Labor unions of major c…

  • Aso warns against yen’s rise

    TOKYO (Reuters) — Finance Minister Taro Aso fired on Friday a warning shot against gains in the yen, saying he would respond appropriately to currency fluctuations after the dollar hit a 15-month l…

  • U.S. producer prices rise in Jan., signaling inflation pressures

    WASHINGTON (Reuters) — U.S. producer prices accelerated in January, boosted by gains in the cost of gasoline and health care, offering more evidence that inflation pressures were building up. Whil…

  • Major trading houses on prowl for projects

    TOKYO (Reuters) — The nation’s trading houses are scouting for assets as they enjoy their best profit outlook in six years, driven by higher prices for commodities from metals and coking coal to …

  • U.S. consumer prices jump in January, fuel rate hike fears

    WASHINGTON (AFP-Jiji) — U.S. consumer inflation jumped sharply in the first month of 2018, the government reported Wednesday, spooking global stock markets amid concerns that interest rates will ris…

  • Zuma gives in to pressure, resigns as S. African president

  • Trump shows surprise support for gas tax hike

    COLUMBUS, Ohio (Bloomberg) — U.S. President Donald Trump surprised a group of lawmakers Wednesday by saying he would support a 25-cent per gallon increase in federal gasoline and diesel taxes to he…

  • Hilton books robust earnings on stronger demand in China

  • L.L. Bean sued for ditching return policy

    NEW YORK (Bloomberg) — L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The …

  • WTO case eyed over China’s forced technology transfers

    Japan, the United States and the European Union are considering jointly filing a case against China at the World Trade Organization over Chinese rules that effectively force foreign companies to tran…

  • Danone’s $1.8 bil. share sale plan shakes Yakult

    ZURICH (Bloomberg) — Yakult Honsha Co. shares fell the most in 19 months after Danone, the world’s largest yogurt maker, announced plans to sell about $1.8 billion of the Japanese company’s sto…

  • Lexus tops U.S. poll for dependability again

    NEW YORK (Jiji Press) — Toyota Motor Corp.’s Lexus luxury brand ranked top in a dependability survey for the seventh consecutive year, major U.S. market research firm J.D. Power and Associates sa…

  • Powell vows to remain alert to stability risks

    WASHINGTON (AP) — U.S. Federal Reserve Chairman Jerome Powell said Tuesday that the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert …

  • Auto unions request ¥3,000 pay-scale hikes

    TOKYO (Jiji Press) — The labor unions of major Japanese automakers submitted wage increase requests to the management side on Wednesday, demanding an effective pay-scale hike of ¥3,000 a month. Wi…

  • Xerox shareholder sues to block Fuji takeover deal

    NEW YORK (Jiji Press) — Darwin Deason, the third-largest shareholder in Xerox Corp., said Tuesday that he filed a lawsuit in New York the same day to prevent Japan’s Fujifilm Holdings Corp. from…

  • Meiji to support Mexico with white cacao saplings

    TOKYO (Jiji Press) — Meiji Holdings Co. will provide farmers in southern Mexico with saplings of rare white cacao, which is grown in the region and used to make high-end chocolate, officials have …

  • McDonald’s Japan posts record profit for 2017

    TOKYO (Jiji Press) — McDonald’s Holdings Co. (Japan) said Tuesday its consolidated net profit more than quadrupled to a record high of ¥24,024 million last year. The growth reflected strong sa…

  • Scandal-hit industrial materials makers expect only limited impact on earnings

    TOKYO (Jiji Press) — Kobe Steel Ltd., Mitsubishi Materials Corp. and Toray Industries Inc. are seeing their recent product data scandals have only a limited impact on their earnings for the year en…

  • Mitsubishi Materials says chairman will resign

    TOKYO (Jiji Press) — Japan’s Mitsubishi Materials Corp. said Tuesday that Chairman Hiroshi Yao, 71, will step aside to become adviser on April 1. Yao is believed to give up the current post to t…

  • Kurumatani to be Toshiba CEO

    TOKYO (Jiji Press) — Toshiba Corp. said Wednesday that it has decided to appoint former Sumitomo Mitsui Banking Corp. Deputy President Nobuaki Kurumatani, 60, as its chairman and chief executive of…

  • Idemitsu names Kito as CEO

    TOKYO (Jiji Press) — Major Japanese oil wholesaler Idemitsu Kosan Co. said Wednesday that Executive Vice President Shunichi Kito will become its chief executive officer on April 1. Takashi Tsukiok…

  • Longest growth streak since bubble

    TOKYO (Reuters) — Japan’s economy posted its longest continuous expansion since the 1980s boom as fourth quarter growth was boosted by consumer spending, moving Prime Minister Shinzo Abe’s reviv…

  • Trump eyes tariffs, quotas on U.S. steel, aluminum imports

    WASHINGTON (Reuters) — U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, incl…

  • Whistleblower alleges manipulation of VIX

    NEW YORK (Reuters) — Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an “anonymous whistleblower” alleged in a letter …

  • Coincheck submits biz improvement report to FSA

    TOKYO (Jiji Press) — Major cryptocurrency exchange Coincheck Inc. submitted to the Financial Services Agency on Tuesday a business improvement report following the recent theft of ¥58 billion wort…

  • Trump threatens allies with reciprocal tariffs

    WASHINGTON (Jiji Press) — U.S. President Donald Trump expressed willingness Monday to impose “a reciprocal tax” against countries having a trade surplus with the United States, including allies …

  • Coincheck reports to regulators

    TOKYO (Reuters) — Japanese cryptocurrency exchange Coincheck Inc., under pressure to better safeguard investors after the daring theft of $530 million of digital money last month, filed on Tuesday …

  • Tougher rules for cryptocurrencies urged to guard investors

    The huge theft of cryptocurrency from major exchange operator Coincheck Inc. has prompted increasing calls for stronger regulations on virtual currency transactions. Virtual currencies have taken hol…

  • Agricultural export target in doubt

    It is uncertain whether the government will be able to realize its target of exporting ¥1 trillion worth of agricultural, forestry and fishery products in 2019, due to sluggish growth in exports of t…

  • U.S. economic policy rooted in debt

    WASHINGTON (AP) — One clear principle runs through U.S. President Donald Trump’s emerging economic policy: Debt is good. When defending a tax plan or laying out his budget, the man who once calle…

  • Global growth outlook seen intact

    NEW YORK (Reuters) — Wall Street’s solid rebound Monday following a two-week roller-coaster ride preserved investors’ outlook that the global economy remains on a steady growth path, analysts sa…

  • BOJ: Cryptocurrency won’t threaten yen

    TOKYO (Reuters) — Bank of Japan Gov. Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative tradin…

  • Amazon eliminates hundreds of Seattle jobs

    SEATTLE (Bloomberg) — Inc. is cutting hundreds of jobs at its headquarters in Seattle, paring back older departments focused on selling goods online while hiring in newer lines of busines…

  • German court: Facebook use of personal data illegal

    BERLIN (Reuters) — A German consumer rights group said on Monday that a court had found Facebook’s use of personal data to be illegal because the U.S. social media platform did not adequately secu…

  • GM to shut S. Korea plant, more cuts could follow

    DETROIT/SEOUL (Reuters) — General Motors Co. said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing busi…

  • Unilever threatens to cut back online ads over ‘toxic’ content

  • Aso becomes longest-serving postwar finance minister

    TOKYO (Jiji Press) — Taro Aso became the nation’s longest-serving finance minister in the post-World War II period on Monday, as he struggles to pull the country out of deflation and rebuild its …

  • Energy riches fuel bitcoin-mining craze for speculation-shy Iceland

    KEFLAVIK, Iceland (AP) — Iceland is expected to use more energy “mining” bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity ne…

  • Takata, injured drivers reach deal to end U.S. bankruptcy

    WILMINGTON, Del. (Reuters) — Takata Corp.’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smooths the way to end its Chapt…

  • Source: Amazon bought camera tech for $90 mil.

    SAN FRANCISCO (Reuters) — Inc. paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the start-up’s energy-efficient chips, peop…

  • Government seeks to boost nightlife to amp up spending among tourists

    To boost spending by foreign visitors to Japan, attention is now focused on “experience-based” consumption, in which foreign tourists spend money on experiences in sightseeing areas, in addition t…

  • Global Economy / Japan a lap behind in using renewable energy

    Power generation amounts (see below) created through renewable energy sources are growing rapidly around the world, largely due to international efforts to combat global warming and a dramatic reducti…

  • India wins piece of Abu Dhabi Oil

    DUBAI (Bloomberg) — India secured a share in Abu Dhabi’s oil production for the first time after agreeing to pay $600 million for a tenth of one of the emirate’s biggest offshore deposits. Sta…

  • Airbus halts deliveries of A320neo

    Airbus has stopped delivering A320neo jets powered by Pratt & Whitney geared-turbofan engines and halted pre-delivery test flights after the latest in a series of problems with the engines, two source…

  • Alibaba eyes 15% stake in Beijing Easyhome

    HONG KONG (Bloomberg) — Alibaba Group Holding Ltd. plans to buy a 15 percent stake in a chain of Chinese home improvement and furniture stores as part of its pushing into “new retail,” the compa…

  • Airbus ordered to pay $99 mil. German fine

    FRANKFURT (Reuters) — German prosecutors have ordered Airbus to pay €81.25 million ($99 million) to settle one of two investigations into alleged corruption surrounding the sale of Eurofighter c…

  • SPD’s Scholz: Germany should not dictate policy to eurozone

    BERLIN (Reuters) — Germany should not dictate economic policies to its eurozone partners, said Social Democrat Olaf Scholz, who is expected to become finance minister in a new coalition government l…

  • Oil majors strike it rich on rising crude prices

    PARIS (AFP-Jiji) — The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikel…

  • IMF chief urges Arab states to slash spending

    DUBAI (AFP-Jiji) — IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaki…

  • Kuroda’s work not done on deflation

    Prime Minister Shinzo Abe is set to reappoint Bank of Japan Gov. Haruhiko Kuroda. The move is thought to have been prompted by Abe’s confidence in Kuroda, 73, as a stable manager of monetary policy…

  • Leaders / Digital revolution to unleash huge change / Decisive leadership in big demand

    Businesses and workers alike are being exposed to tidal waves of change. For this edition of “The Leaders” column, which highlights corporate management and senior executives, The Yomiuri Shimbun…

  • Tokyo stocks expected to remain highly volatile in line with U.S. markets

    TOKYO (Jiji Press) —Tokyo stocks are expected to continue facing high volatility this week, with investors keeping a close tab on movements in U.S. stock prices. Last week, the benchmark 225-issue…

  • Uber agrees to pay Waymo $245 mil.

    SAN FRANCISCO (Bloomberg) — Uber Technologies Inc. agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already c…

  • Wall Street rebounds to end volatile week

    NEW YORK (Reuters) — U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for m…

  • Abe set to reappoint BOJ Gov. Kuroda

    Prime Minister Shinzo Abe is making final arrangements to reappoint Bank of Japan Gov. Haruhiko Kuroda, whose term expires on April 8, sources close to the government said. The bold monetary easin…

  • Robots eyed as tool to combat spills

    DENVER (AP) — Crumbling mine tunnels awash with polluted waters perforate the Colorado mountains, and scientists may one day send robots creeping through the pitch-black passages to study the myster…

  • Citizen Watch falsifies data

    TOKYO (Jiji Press) — Citizen Watch Co. said Friday that an electronic parts unit has sold switches and censors by lying about where they were produced. The company also revealed that the subsidiar…

  • James tries to hit ex-employer Intel where it hurts

    SAN FRANCISCO (Bloomberg) — Former Intel Corp. President Renee James has created a new chipmaker that is producing server computer processors aimed at the most lucrative business of the world’s se…

  • U.S. poll shows AI revolution sparking hope, but also fear

    WASHINGTON (AFP-Jiji) — Americans are torn over the promise of artificial intelligence, a new poll showed Wednesday, expressing broad optimism about the emerging technologies but also fearing their …

  • Eurostar to start direct train from London to Amsterdam

    LONDON (Reuters) — Eurostar, the company that runs trains between London, Paris and Brussels, said it would add Amsterdam to its destination list, bringing the Netherlands into its network for the …

  • Toto worker creates movable toilet system

    Toshihiko Yoshitomi, 36, who works in the Appliances Development Department of Toto Ltd., succeeded in October in developing a movable flushing toilet system — something previously considered diffic…

  • U.S., Israeli drone makers keep wary eye on rising Chinese

  • Wagyu exporter predicts strong demand in 2018

  • Toyota aims to boost sales of pricier trucks in U.S.

  • Amazon unveils grocery delivery at Whole Foods

  • Twitter posts 1st-ever profit

  • FSA launches inspections over virtual currencies

  • Japan warns May: Firms will leave U.K. if profits threatened

  • Bank of England raises prospect of higher rates

  • Market turmoil throws focus on response by new Fed chief

  • Trudeau pitches Canada as tech jobs haven on trip to U.S.

  • Tokyo stocks plummet on U.S. woes

  • Softbank, Aeon to tie up in online shopping

  • India fines Google over ‘search bias’

  • 2 years on, negative interest rates deliver mixed results

  • Optimism, caution greet new L.A. Times owner

  • SoftBank in talks for stake in Swiss reinsurance giant

  • Rabobank to pay $369 million for cover-up in money-laundering case

  • Toyota bets on future of taxis with bold investment in ride-hailing app

  • Back to Earth: Tesla’s losses balloon on Model 3 delays

  • Nikkei makes further gains as volatility starts to ebb

  • Additional data fraud found at Mitsubishi Materials units

  • Current account surplus logs in at 10-year high

  • Tokyo stocks end slightly higher after rebound

  • SoftBank plans Japan phone unit IPO as Son shifts focus

  • Oji to make Mitsubishi Paper an affiliate

  • Firms see biz opportunity in ‘tasty, low-salt’ foods

  • Real wages see 1st fall in 2 yrs on price growth

  • Japan Post’s union to seek equal pay for equal work

  • Forex reserves up for 3rd straight month

  • MGM Resorts sets sights on Osaka

  • Mitsubishi: No need for 6th MRJ delay

  • JT sees net profit fall 6.9% in 2017

  • China demands U.S. compensation talks

  • U.S. trade deficit increases to 9-year high on robust imports

  • Canada’s trade deficit unexpectedly balloons

  • Trump tax cuts a boon to foreign automakers

  • Gold demand hits 8-year low in 2017

  • British car output falls for 1st time since 2009

  • Study: Switzerland, U.S. most secretive financial centers

  • Tokyo stocks dive after U.S. sell-off

  • Powell sworn in as new Fed chair amid stock market sell-off

  • Investors lick their wounds, hunt amid overdue sell-off

  • N. Korean hackers ‘possibly behind Coincheck heist’

  • Electronics makers see operating profit growth

  • Oil prices fall more than 1%

  • Toyota posts 54% jump in Q3 profit, lifts full-year forecast

  • SpaceX to launch ‘world’s most powerful rocket’

  • Venezuela declares 99.6% devaluation of official forex rate

  • Lockheed, Rheinmetall team up to bid for German helicopter order

  • U.K., U.S. banks ban Bitcoin buying with credit cards

  • Google spinoff, Uber begin trial on trade secrets

  • Australia taps Tesla for virtual power plant plan

  • Toyota retools for kaizen overhaul

  • Nissan to pump $9.5 bil. into China in bid for top 3 spot

  • Samsung heir to be released with suspended jail sentence

  • Tokyo stocks drop on Wall Street plunge

  • Yellen disappointed not to get 2nd term as Fed chair

  • China raps U.S. plans to expand nuclear capabilities

  • Tokyo stocks seen solid, supported by Japanese firms’ rosy earning reports

  • Yellen lands new job at Brookings Institution

  • Deutsche Bank blames loss on U.S. tax reforms

  • U.S. stocks swoon, sinking Dow by more than 650 pts

  • TEPCO battles on to supply power

  • Fed bans Wells Fargo from getting bigger after scandals

  • Honda to post ¥1 tril. net profit

  • ¥6 tril. return for pension fund

  • Major banks struggling in core business

  • Trudeau takes tough approach on NAFTA

  • Swiss sanction Gazprombank over Panama Papers leak

  • Airlines tighten leash on emotional support animals

  • Digital camera sales pick up as young seek to improve their Instagram game

  • Ferrari turns to hybrids, SUVs in bid to double profits by ’22

  • Kobe Steel projects 1st net profit in 3 years

  • Alphabet suffers loss, names new chairman

  • Yoshida lands Sony CEO post

  • Amazon posts its largest ever profit

  • BOJ conducts 1st unlimited JGB-buying in 7 months

  • German strikes threaten to slice VW, Ford revenue

  • New auto sales fall in Jan. for 4th straight month

  • Court deals Trump blow in feud with consumer watchdog

  • Canada’s PM thinks U.S. won’t pull out of NAFTA

  • Microsoft takes one-off loss as cloud business steadily grows

  • Facebook earnings up as changes bring stock price swings

  • Uber plots expansion in Japan, risks tension with SoftBank

  • U.S. Fed leaves rates unchanged

  • That’s a Switch: Nintendo sees better outlook

  • Imported white-meat fish hooks bigger slice of market

  • Moving service cancellation fees up

  • Elite Suntory whiskey sells for record $298,000

  • Trump calls for optimism in spite of danger

  • Line to launch cryptocurrency exchange

  • ‘Strange cafe’ to open in Shibuya

  • Facebook bans ads tied to virtual currencies

  • All major power firms to raise rates

  • Oisix.daichi to buy food delivery rival

  • Yamato secures net profit on fee hikes

  • JP to set up firm for investment funds

  • NEC to cut 3,000 jobs

  • Xerox reaches deal ceding control to partner Fujifilm

  • Industrial production hits post-Lehman high in Dec.

  • 25 yrs since debut, electric bicycles still in demand

  • Automobile output up for 1st time in 3 years

  • Robust labor demand bolsters outlook for pay hikes, inflation

  • Taiwan seeks compensation for U.S. tariffs

  • ROK finds about $600 mil. in illegal cryptocurrency trade

  • SEC halts AriseBank’s initial coin offering, alleges fraud

  • Apple under investigation in U.S. over slow iPhones

  • Amazon opens its own rainforest in Seattle

  • Blackstone bets big with Thomson Reuters deal

  • Amazon, Berkshire, JPMorgan partner to cut health care costs

  • German automakers face heat over pollutant tests on monkeys, humans

  • U.K. economy will be ‘worse off’ after Brexit

  • Bottom’s up: Coffee giant Keurig makes deal for Dr Pepper Snapple

  • EasyJet CEO cuts pay to match female predecessor

  • Musk’s flamethrower sees hot sales

  • Fading hopes for iPhone X bite into Apple stock

  • Beloved products reach milestone anniversaries

  • Renault-Nissan group edges VW as top-selling carmaker

  • Job availability hits highest rate in 44 years

  • FSA slaps Coincheck with business improvement order

  • Rakuten eyes entry into nonlife insurance

  • Ministry to review smartphone services

  • Trump security team mulls building govt 5G network

  • U.S. lawmakers at NAFTA talks express optimism

  • Australia plans to become leading arms exporter

  • Cybercriminals are targeting U.S. ATMs, makers warn

  • ‘Mr. Ordinary’ to take on mystery of U.S. economy

  • Cosmetic companies promote contract staff to regular workers

  • Regional banks raising service fees

  • Canada sees progress on NAFTA talks

  • JR East chooses new president

  • German union IG Metall to stage walkouts

  • EU launches $1.2 billion supercomputing plan, without Britain

  • Euro banks, start-ups duel in ‘war for talent’

  • A new 3-D image projected into thin air

  • Floating car born from tsunami

  • Leaders / World changes, our challenges continue / Absolutely anything could happen now

  • Tokyo stocks seen vulnerable to foreign exchange rate moves this week

  • Bombardier gets win as panel rejects Boeing

  • Foreign workers in Japan hit record high

  • Mitsubishi Aircraft faces 1st MRJ order cancellation

  • U.S. GDP records 2.6% growth in 4th quarter

  • Britain’s GDP up 0.5%

  • Kuroda says inflation finally close to target

  • Nippon Paint shopping for acquisitions

  • May looks to keep Britain on global map at Davos

  • U.S. panel deals blow to heated tobacco device

  • Socially responsible investing makes gains in Trump era

  • Top China smartphone maker targets Japan market

  • S. Korea hits back at U.S. tariffs at WTO

  • Beef imports post meaty gains in 2017

  • Japan urges for early implementation of TPP

  • Trump deviates from Mnuchin on currency

  • Fujitsu to sell mobile unit

  • U.S. airline shares fall as investors fret over capacity

  • Ramen chain Ippudo aims for 100 U.S. outlets

  • Trump: U.S. could mull return to TPP

  • Consumer prices post 1st rise in 2 years

  • Sudden cold wave forces TEPCO to scramble for power supplement

  • Rakuten teams with Wal-Mart over online groceries, e-books

  • Mnuchin welcomes weak dollar

  • Wheels set in motion for bus driver exchanges amid worker shortages

  • GE reports massive loss, faces probe of insurance writeoff

  • Toys R Us plans to close 182 U.S. stores

  • Kushners stop seeking China cash for N.J. plan

  • Pilot of JAL turnaround to step down

  • Working Today / Juggling jobs to make the most of their strengths

  • 11 TPP countries to sign in March / Significant steps made after U.S. pullout

  • Trade surplus stays in the black at ¥2.9 tril.

  • Department store sales crept up 0.1% in 2017

  • Crude steel output down for 3rd year

  • Japan starts 1st truck-platooning test

  • Business leader Mimura hopes for more India opportunities

  • Sony shares fall as JPMorgan questions bull case for image sensors

  • Fishers urged to avoid small bluefin tuna

  • Seven & i buys U.S. convenience stores

  • Tokyo Gas to promote Uchida to president

  • Shimizu next Nippon Life Insurance head

  • Canadian NAFTA negotiator declares ‘high hopes’ for talks

  • Insolvent airline Niki to be sold to founder

  • Disney to pay bonuses, expand education funding

  • Australia sells more wine to China as tariffs shrink

  • China’s drive to replace coal with gas pushes LNG imports to record high

  • Sugar imports drop

  • S. Korea to ban cryptocurrency traders from using anonymous bank accounts

  • 2020 primary balance deficit may widen to ¥10.8 trillion

  • Sony’s aibo revived after 12 years

  • New ‘aibo’ model debuts

    Sony Corp. announced Wednesday that it is scheduled to release a new doglike “aibo” robot on Jan. 11, 2018. As production of the previous “AIBO” model ended in 2006, the new robotic dog marks…

  • 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…

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