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  • Banks and tech drive Wall St up over 1 percent

    NEW YORK (Reuters) - Wall Street surged over 1 percent on Tuesday and the Nasdaq had its strongest day in three months as investors made peace with the possibility that the U.S. Federal Reserve might soon raise interest rates.Comments from policymak

    May 25, 2016 05:48 am JST
  • G-7 appears split on solutions to tax avoidance

    TOKYO -- Tax avoidance likely will be a major topic at the Group of Seven summit later this week in light of the "Panama Papers" scandal, but these leading industrial nations may have trouble reaching an agreement on how best to address the problem.

    May 25, 2016 05:41 am JST
  • Asahi Mutual to pay back 11bn yen outstanding obligation

    TOKYO -- Asahi Mutual Life Insurance will pay back in August the remaining 11 billion yen ($100 million) of the 131 billion yen it raised in the early 2000s to get through tough financial conditions.Faced with huge paper losses on its shareholdings

    May 25, 2016 05:37 am JST
  • Widodo sees openness making Indonesia competitive

    JAKARTA -- Indonesia targets economic competitiveness through deregulation and liberalization, including participation in free trade agreements, President Joko Widodo said Tuesday.Openness will complement massive infrastructure investments to spur e

    May 25, 2016 05:30 am JST
  • Sony sees quakes lopping $1bn off operating profit

    TOKYO -- Sony's group operating profit will take a 115 billion yen ($1.04 billion) hit from the earthquakes that shook southern Japan this April, the company said Tuesday in fiscal 2016 projections delayed by the disaster.Damage to an image sensor p

    May 25, 2016 05:11 am JST
  • Japan companies set more capital free by cutting ties

    TOKYO -- Listed Japanese companies reaped more than 1.2 trillion yen ($10.9 billion) in capital gains on securities sold in the year ended March 31 -- the most in nine years -- as they continued to unwind cross-shareholding ties.NTT Data's 15.2 bill

    May 25, 2016 05:00 am JST
  • Loan rates hit record lows amid BOJ's negative rate policy

    TOKYO -- The impact of the Bank of Japan's negative interest policy continues to work its way through the financial world, pushing down bank loan interest rates and corporate bond yields to levels never seen before.The February introduction of the B

    May 25, 2016 05:00 am JST
  • Japanese businesses retreating from takeover defenses

    TOKYO -- More Japanese companies are abandoning takeover defenses, which foreign investors and other critics say encourage undisciplined management.Twenty-seven companies have said so far this year that they will withdraw measures meant to thwart ho

    May 25, 2016 05:00 am JST
  • Corporate Japan opening up to outside directors

    TOKYO -- In the nearly one year since Japan adopted a new corporate governance code, outside directors have become a sizable presence in boardrooms, ideally bringing a shareholder perspective to decision-making.Introduced last June, the code urges c

    May 25, 2016 05:00 am JST
  • G-7 leaders to lay out infrastructure investment standards

    TOKYO -- Group of Seven leaders will come out with principles for infrastructure support in emerging and developing countries after this week's summit, aiming to counter growing Chinese influence in this area.The guidelines, to be included in a stat

    May 25, 2016 05:00 am JST
  • Shampoo maker BaWang rallies on win in defamation case

    HONG KONG -- BaWang International surged here Tuesday after winning damages in a libel case against a local magazine claiming its shampoo could cause cancer.Shares in the Chinese herbal shampoo maker gained more than 25% at one point before closing

    May 25, 2016 04:22 am JST
  • Japanese wholesaler to team with Malaysian partner on halal imports

    TOKYO -- A Kyushu-based food wholesaler will work with Southeast Asian companies to import halal food into Japan, aiming to meet the needs of a growing number of visitors from the Islamic world.Yamae Hisano will enter into a business tie-up with Dew

    May 25, 2016 04:02 am JST
  • G-7 to postpone decision on China's WTO status

    TOKYO -- The Group of Seven leading industrial nations likely will shelve a decision on whether China should be considered a market economy at this week's summit, instead stressing the group's commitment to helping correct the structural global supp

    May 25, 2016 04:00 am JST
  • G-7 leaders aim to curb China maritime expansion in statement

    TOKYO -- Group of Seven leaders will call for respect for the rule of law and peaceful resolution to conflicts in a joint statement to be issued Friday at the end of their two-day summit, taking a swipe against China's territorial ambitions in the S

    May 25, 2016 04:00 am JST
  • Tests by NTT Docomo, KDDI bring 8K video closer

    TOKYO -- Japan's goal to have ultra-high-resolution 8K video ready for prime time by the 2020 Tokyo Olympics edged closer Tuesday with separate announcements of successful tests by two of the nation's three big mobile carriers.NTT Docomo reported re

    May 25, 2016 03:56 am JST
  • Obama faces up to war in call for new US-Vietnam relationship

    HANOI -- U.S. President Barack Obama wrapped up the main political portion of his Vietnam trip Tuesday, taking the opportunity to stress the new strategic relationship being built between two countries once locked in a brutal conflict.Speaking to ar

    May 25, 2016 03:00 am JST
  • Seven & i keeps departing chairman in orbit after all

    TOKYO -- After some twists and turns, Seven & i Holdings has decided to offer the post of honorary adviser to Chairman and CEO Toshifumi Suzuki, who will step down from his current positions at a general shareholders meeting Thursday.The charismatic

    May 25, 2016 02:30 am JST
  • Japan's shipbuilders going green for future growth

    TOKYO -- Shipbuilders in Japan are developing a wave of environmentally friendly models in hopes of securing future earnings as orders for bulk carriers wane.Kawasaki Heavy Industries soon will introduce midsize refueling ships that can carry 2,000

    May 25, 2016 02:28 am JST
  • Indonesia eyes more joint development with Japan: Widodo

    JAKARTA -- Infrastructure development is one of Indonesia's top priorities, President Joko Widodo said Tuesday, singling out stronger cooperation with Japan as particularly important.The Southeast Asian nation has a "long history with Japan," Widodo

    May 25, 2016 02:00 am JST
  • Earnings preview

    Currency costs seen eating into Norinchukin Bank's profit

    TOKYO -- Norinchukin Bank, the Japanese farm lender behemoth, likely will report group net profit of around 270 billion yen ($2.46 billion) for the year ended in March, a decline of over 30%.Still, the profit would be the third highest for the centr

    May 25, 2016 02:00 am JST