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  • JGBs rise to new high as BOJ keeps market tight

    TOKYO--Japanese government bonds rose in Asia on Thursday as aggressive purchasing by the Bank of Japan under its stepped-up asset-buying program continued to keep market conditions tight. At 0600 GMT, the yield on benchmark 10-year JGBs was dow

    November 27, 2014 04:55 pm JST
  • Tokyo stocks continue to drop on stall in yen's depreciation

    TOKYO (Kyodo) -- Tokyo stocks continued to drop Thursday as a stall in the yen's depreciation against the U.S. dollar put pressure on exporter shares. The 225-issue Nikkei Stock Average ended down 135.08 points, or 0.78 percent, from Wednesday a

    November 27, 2014 03:50 pm JST
  • Global warming

    China-US deal heavy on PR, light on new commitments

    TOKYO -- U.S. President Barack Obama and his Chinese counterpart Xi Jinping earlier this month agreed to step up efforts to cut global warming gas emissions. Their agreement made headlines across the world. Their deal, hammered out at a summit o

    November 27, 2014 03:00 pm JST
  • Tokyo real estate

    Luxury condos marketed to rich foreigners

    TOKYO -- Japanese real estate companies are stepping up marketing of luxury condominiums in central Tokyo to the wealthy in other parts of Asia. The weaker yen has made such properties more affordable to overseas buyers. Asian investment funds h

    November 27, 2014 02:40 pm JST
  • Japanese paper

    'Washi' wins UN heritage status

    TOKYO -- Washi traditional Japanese papermaking was added Thursday to Unesco's intangible cultural heritage list at an intergovernmental meeting in Paris. The registered products are Hosokawashi from Ogawa and Higashi Chichibu, Saitama Prefectur

    November 27, 2014 02:00 pm JST
  • Heavy machinery

    IHI investing big for future growth

    TOKYO -- Japanese heavy machinery maker IHI is on track for record profits this year. The company is also investing heavily in its future. IHI expects to report a record group operating profit of 65 billion yen ($547 million) for the year throu

    November 27, 2014 02:00 pm JST
  • Dollar retreats to mid-117 yen range as U.S. economic data disappoint

    TOKYO (Kyodo) -- The U.S. dollar slipped to the mid-117 yen level Thursday morning in Tokyo amid investor worry about the health of the U.S. economy after the release of weaker-than-expected consumption, housing and manufacturing data. At noon,

    November 27, 2014 01:19 pm JST
  • GMR vs. Maldives

    Indian construction major seeks $803M over scrapped airport deal

    NEW DELHI -- Indian developer GMR Infrastructure is claiming $803 million in damages from the Maldivian government for "wrongful repudiation" of an agreement to develop Male International Airport after the project was re-awarded to a company from Ch

    November 27, 2014 01:00 pm JST
  • Feeding Asia

    Japanese trading houses partner up to reach the region's tables

    TOKYO -- Japan's big trading houses are moving to take advantage of exploding demand for food around Asia. Critical to their strategies are partnerships in target markets. They are also going beyond their usual role as go-betweens, funneling signifi

    November 27, 2014 01:00 pm JST
  • JAL-Skymark tie-up

    Transport minister's remarks leave code-share plan up in the air

    TOKYO -- Political maneuvering may derail plans for a tie-up between Japan Airlines and Skymark Airlines, Japan's troubled No. 3 air carrier. Making his first public comment on the matter on Tuesday, Akihiro Ota, Japan's transport minister, expr

    November 27, 2014 01:00 pm JST
  • Tokyo stocks fall in morning on stall in yen's depreciation

    TOKYO (Kyodo) -- Tokyo stocks fell Thursday morning as investor sentiment was dampened by a stall in the yen's depreciation against the U.S. dollar. The 225-issue Nikkei Stock Average shed 50.06 points, or 0.29 percent, from Wednesday to 17,333.

    November 27, 2014 12:39 pm JST
  • Maybank profit drops

    Malaysia's biggest bank hit by lower non-interest income

    KUALA LUMPUR -- Maybank, Malaysia's largest bank by assets, has announced its net profit for July-September fell 8% on the year to 1.61 billion ringgit ($481 million). It attributed the drop to lower non-interest income and a weaker performance by i

    November 27, 2014 11:27 am JST
  • U.S. regulator orders national Takata driver-side air bag recall

    DETROIT (Reuters) -- The U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave T

    November 27, 2014 11:27 am JST
  • Dollar stays in upper 117 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 117 yen range early Thursday in Tokyo, almost unchanged from its overnight levels in New York. At 9 a.m., the dollar fetched 117.62-63 yen compared with 117.69-79 yen in New York and 117.74-75

    November 27, 2014 09:26 am JST
  • Tokyo stocks open lower on pause in yen's depreciation

    TOKYO (Kyodo) -- Tokyo stocks opened lower Thursday as the yen's decline halted, weighing on exporter issues. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 49.39 points, or 0.28 percent, from Wednesday to 17,334.19.

    November 27, 2014 09:21 am JST
  • Dividend hikes

    Autoparts trader SPK aiming for 22-year streak

    TOKYO -- SPK plans to continue increasing its annual dividends at least until fiscal 2019, looking to achieve a 22-year streak for payout hikes. The Japanese trader of automobile parts has positioned continued dividend hikes as a key business go

    November 27, 2014 07:34 am JST
  • Brazilian real

    Optimism over next finance minister, China rate cuts lift currency

    TOKYO -- The Brazilian real seems to be taking a breather from its rapid descent, aided by market expectations for the nation's next finance minister and rate cuts in China. The real traded in the lower end of the 2.50 range against the dollar W

    November 27, 2014 07:08 am JST
  • Tokyo stocks

    Small-cap shares gain momentum

    TOKYO -- Stocks with relatively small market capitalizations, which had lagged behind major shares in the market rally this month, are now advancing sharply as investors shift their focus. While the 225-issue Nikkei Stock Average and the broader

    November 27, 2014 06:51 am JST
  • Container fares

    Prices for shipments to US East Coast up 34%

    TOKYO -- Container fares for shipments from Asia bound for the U.S. East Coast are hovering at about $4,200 per 40-foot equivalent unit, or 34% higher than a year ago. The demand boost from the Christmas sales season had run its course by Octobe

    November 27, 2014 06:41 am JST
  • Nikkei ranking

    For women, Sony is the best Japanese company to work for

    TOKYO -- Sony offers women more opportunities and a better working environment than other Japanese corporations, according to a Nikkei Inc. ranking of the nation's publicly traded companies for fiscal 2014. Using data from Nikkei's Nices corpora

    November 27, 2014 06:24 am JST