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  • Scotland votes to remain within the U.K.

    LONDON (Kyodo) -- Residents of Scotland have voted to remain within the United Kingdom in a referendum on independence, officials results showed Friday. With all 32 councils having declared following Thursday's referendum, a total of 2,001,926

    September 19, 2014 03:44 pm JST
  • Jean-Claude Trichet (18): Day one of the euro

    Let's look back at the history of the euro. In line with the deadline laid out in the Maastricht Treaty, Europe's single currency was introduced in January of 1999, initially for use only in financial markets. The various notes and coins of the cont

    September 19, 2014 03:30 am JST
  • Chinese footwear maker's leaders, cash go missing

    FRANKFURT, Germany -- Ultrasonic, a Chinese shoe manufacturer listed on the Frankfurt Stock Exchange, has reported that its top two bosses have vanished along with cash, raising questions here about corporate governance of Chinese companies. On

    September 19, 2014 12:16 am JST
  • Jean-Claude Trichet (17): The French government's 11th-hour ECB candidate

    The European Central Bank was established in June 1998, seven months before the euro's debut as the Continent's single currency. I found myself thrust to the fore as a candidate to become the first ECB president. I thus became a focus of a fierce de

    September 18, 2014 03:30 am JST
  • Japan, US, Europe ramping up long-term bond issuance, raising bubble concerns

    TOKYO -- In Japan, the U.S. and countries in Europe, interest rates of long-term government bonds are falling considerably as these advanced nations ramp up the issuance of 40-year and even 50-year bonds to reduce their interest burdens over the lon

    September 18, 2014 12:00 am JST
  • Chinese ambassador to Iceland arrested for espionage: report

    HONG KONG (Kyodo) -- Chinese Ambassador to Iceland Ma Jisheng and his wife Zhong Yue were arrested early this year by Chinese authorities for allegedly spying for Japan, Hong Kong media reported Wednesday. "According to a Chinese official, the C

    September 17, 2014 10:44 pm JST
  • Pushback against tax avoidance takes shape

    TOKYO -- A think tank for industrialized countries has put forward a plan for deterring multinationals from shifting their profits to low-tax jurisdictions. The Organization for Economic Co-operation and Development proposed a set of rules Tuesd

    September 17, 2014 06:20 am JST
  • Vietnam's Vinaphone deepens partnership with Vodaphone

    HANOI -- Vinaphone, Vietnam's third-largest mobile network operator, has formed a strategic partnership with the U.K.'s Vodaphone Group. The two already cooperate within the context of the Conexus Mobile Alliance, but now they will strengthen th

    September 17, 2014 04:16 am JST
  • French container shipper's deal consolidates East-West alliances

    COLOGNE, Germany -- CMA CGM, the world's No. 3 container-shipping company, is teaming up with smaller peers China Shipping Container Lines and United Arab Shipping Co. to share vessels on busy routes linking Europe, Asia and the U.S. The French

    September 17, 2014 04:14 am JST
  • Jean-Claude Trichet (16): Collision course with President Chirac

    The Exchange Rate Mechanism was rocked again in the summer of 1993. Inflation in post-reunification Germany put upward pressure on the nation's interest rates. This resulted in France having somewhat lower interest rates than Germany. To a Briti

    September 17, 2014 03:30 am JST
  • Deutsche Post DHL strengthens Sino-European rail network

    SHANGHAI -- Deutsche Post DHL has expanded its cargo network linking China and Europe by rail, the international logistics company announced Tuesday. A new route links Suzhou, Jiangsu Province, on China's eastern coast, with Poland via Russia. T

    September 17, 2014 02:41 am JST
  • Peter Tasker: Out or in, Scotland has lessons for the rest of the world

    Scotland's referendum on independence has a message for Asia and other countries far from Edinburgh Castle, current resting place of the Stone of Scone, the ancient symbol of Scottish nationhood. The message is that history has not ended, and in fac

    September 16, 2014 07:00 pm JST
  • LVMH's fund buys into K-pop company

    SINGAPORE -- L Capital Asia, an investment fund under the French luxury group LVMH Moet Hennessy Louis Vuitton, is buying into one of the largest K-Pop agencies, YG Entertainment. According to the agreement signed by both parties on Saturday, L Capi

    September 16, 2014 12:40 pm JST
  • Thailand's top seafood company enters Norway and Poland

    BANGKOK -- Thai Union Frozen Products, the world's largest canned-tuna producer, has announced its takeover of a Norwegian peer - its second acquisition in Europe in a fortnight. Buoyed by aggressive expansion, TUF says it could achieve its gros

    September 16, 2014 10:40 am JST
  • OECD cuts growth outlook for G-7, worried about euro area

    LONDON (Kyodo) -- The Organization for Economic Cooperation and Development on Monday cut its economic outlook for the Group of Seven nations in 2014, including Japan, while expecting a moderate expansion to continue in most of the major economies.

    September 15, 2014 08:40 pm JST
  • IWC convention begins, Japan's research whaling on agenda

    PORTOROZ, Slovenia (Kyodo) -- The International Whaling Commission began a four-day convention Monday in Slovenia, with Japan's plan to continue hunting whales for "scientific purposes" expected to top the agenda. During the IWC gathering in Por

    September 15, 2014 07:06 pm JST
  • Jean-Claude Trichet (15): Sleepless nights and the defense of the franc

    In September of 1992, a wave of assaults hit the Exchange Rate Mechanism, a system in place to secure stability among European currencies. As the director of the French Treasury, I put my life on the line, so to speak, to preserve the stability of t

    September 15, 2014 03:30 am JST
  • Jean-Claude Trichet (14): Quietly making history in Toronto

    In my view, it was in Canada that Germany and France made a pivotal step toward the integration of Europe based on a common currency. That is a little-known piece of history; I have not seen this historical agreement mentioned in any article I

    September 14, 2014 03:30 am JST
  • Jean-Claude Trichet (13): Ushering in the 'strong franc' policy

    Having focused on international financial issues and European integration as deputy and later head of international affairs at the French Treasury from 1981 to early 1986, I was back to taking charge of domestic economic policy. In March of 1986, I

    September 13, 2014 03:30 am JST
  • IMF chief urges Abe to follow through on tax hike

    TOKYO -- Japan should raise its consumption tax again as planned, the head of the International Monetary Fund told The Nikkei on Friday, adding that the economic side effects could be treated as necessary. "From a fiscal point of view, good step

    September 13, 2014 03:19 am JST