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  • Jean-Claude Trichet (2): Paris after the war, Brittany roots

    I was born in Lyon, one of the largest cities in France and the ancient capital of the Roman Gaule. It was December of 1942, during the Second World War. My father, Jean, was 31 and my mother, Georgette, was 29. I was the oldest of three children.

    September 2, 2014 03:30 am JST
  • Chinese companies swim in red ink amid oversupply woes

    SHANGHAI -- A record number of listed Chinese companies bled red ink over the six months ended June 30 as oversupply issues persisted in the manufacturing sector and the government's frugality order hurt sales of luxury goods. Out of 2,556 compa

    September 2, 2014 03:00 am JST
  • China's WH Group eyes Russia as promising place to push pork

    HONG KONG -- WH Group, the world's largest pork processor, has begun considering the prospects of exporting pork products to the Russian market. Russia has barred pork products from the European Union, citing safety concerns, but is thinking abo

    September 2, 2014 02:59 am JST
  • Omron to buy Brazilian health care device maker NS

    TOKYO -- Medical equipment producer Omron will acquire Brazilian peer NS Industria de Aparelhos Medicos for about 10 billion yen ($95.1 million) through a subsidiary. The Japanese company has reached an agreement with current shareholders of NS.

    September 2, 2014 02:45 am JST
  • Mitsubishi, others eye launching regional airline

    TOKYO -- Mitsubishi Corp., Mitsubishi Heavy Industries and partners are looking to create a regional airline that operates flights on behalf of major carriers and businesses, moving to tap growing demand from Asian travelers to Japan and revive regi

    September 2, 2014 02:08 am JST
  • Toyota reports Chinese sales growth of 8.9% in August

    GUANGZHOU, China -- Toyota Motor said Monday that new-car sales volume in China climbed 8.9% last month from August 2013 to around 78,500 vehicles thanks to a strong showing from the new Corolla sedan released in June. The August figures are the

    September 2, 2014 01:44 am JST
  • Iron ore prices seen falling 10% in October-December quarter

    TOKYO -- The price Japanese steelmakers pay for iron ore in the October-December period will likely drop more than 10% from the prior three months, for a third straight quarterly decline. Japanese prices are calculated from spot prices of Austra

    September 2, 2014 01:43 am JST
  • Samsung Group steps up restructuring drive

    SEOUL -- Samsung Group will merge two plant engineering arms in an accelerating effort to get money-losing operations into better shape through reorganization. Shipbuilding and marine engineering unit Samsung Heavy Industries said Monday it will

    September 2, 2014 01:19 am JST
  • Japan's real GDP up 0.7% in July: JCER

    TOKYO -- Japan's real gross domestic product rose 0.7% on the month in July, marking a third straight month of growth, according to estimates released Monday by the Japan Center for Economic Research. Consumer spending edged down 0.3% and housin

    September 2, 2014 01:11 am JST
  • Indonesia's Widodo to start off with economic reform

    JAKARTA -- Indonesian President-elect Joko Widodo plans to embark on structural economic reforms, starting with cuts to fuel subsidies and relaxing regulations to lure foreign businesses. Widodo, who is currently governor of Jakarta, spoke to Th

    September 2, 2014 12:51 am JST
  • Abe to swing by Bangladesh, Sri Lanka

    TOKYO -- Japanese Prime Minister Shinzo Abe will visit Bangladesh and Sri Lanka this month to strengthen security and economic ties as well as help Japanese businesses tap growing demand for infrastructure in the countries. Executives from about

    September 2, 2014 12:50 am JST
  • Modi, Abe pause for teatime, Japanese-style

    TOKYO -- Prime Minister Shinzo Abe treated Indian counterpart Narendra Modi to a traditionally prepared bowl of Japanese tea before their summit here Monday. The two leaders visited a tea room of the Omotesenke school, one of the main branches o

    September 2, 2014 12:38 am JST
  • China allows provinces to sell bonds

    BEIJING -- Chinese provincial governments can now issue bonds directly, with strings attached, in a change that sets the stage for the growth of the nation's municipal bond market. The revised budget bill adopted Sunday by the Standing Committee

    September 1, 2014 11:49 pm JST
  • Indonesian nickel embargo sends Aneka Tambang south

    JAKARTA -- Shares in Aneka Tambang, Indonesia's largest nickel producer, fell on Monday after the company reported a net loss in the January-June period that deepened in the second quarter, confirming concerns about the impact of a recent ban on ore

    September 1, 2014 11:48 pm JST
  • PTT Global Chemical ups controlling stake in specialist French venture

    BANGKOK -- PTT Global Chemical, the petrochemical and refining arm of the giant Thai state enterprise PTT, has increased its stake in Vencorex Holding, a joint venture with France's Perstorp Holding producing chemicals used in polyurethane, from 51

    September 1, 2014 11:43 pm JST
  • More Philippine firms rushing to raise funds ahead of higher interest rates

    MANILA -- More Philippine companies are making last-minute bond offerings in an effort to pool their capital before interest rates climb further in the coming months. SM Prime Holdings, the nation's largest real estate firm by market value, on M

    September 1, 2014 07:10 pm JST
  • All the generals' men -- and two women: Thailand's new interim cabinet

    BANGKOK -- Thailand's military leaders put another crucial element of their interim administration into place with the surprise weekend announcement of a new cabinet. The 33-member cabinet headed by General Prayuth Chan-ocha, who led the May 22

    September 1, 2014 07:00 pm JST
  • China testing southern waters for new world order

    BEIJING -- If you want an insight into Chinese foreign policy, just look at its maps. Since President Xi Jinping took office in 2012, state-owned bookshops have begun selling vertical oblong maps that look rather different from previous ones. The ne

    September 1, 2014 07:00 pm JST
  • Square Enix cashes in on smartphone games, eyes growth in China

    TOKYO -- Square Enix Holdings is getting back on its feet, largely thanks to strong earnings from fee-based online and smartphone games, which the company has positioned as a main pillar of growth. The video game company climbed back into the bl

    September 1, 2014 07:00 pm JST
  • Japanese researchers develop 30-minute Ebola test

    TOKYO -- Researchers at Japan's Nagasaki University, in collaboration with Eiken Chemical, have developed a method that can detect the presence of the Ebola virus in just 30 minutes. The new method is simpler than the current one and can be used in

    September 1, 2014 07:00 pm JST