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  • Biden welcomes Japan's sanctions on Russia in phone talks with Abe

    WASHINGTON/TOKYO (Kyodo) -- U.S. Vice President Joe Biden welcomed Japan's latest sanctions on Russia in phone talks Thursday with Prime Minister Shinzo Abe, according to the White House. "They agreed on the importance of continued G-7 coordinat

    August 1, 2014 02:00 pm JST
  • US food giant OSI in bind over China meat scandal

    SHANGHAI -- At a McDonald's in central Shanghai, noon used to be a time of packed tables and long lines. But not anymore. Business was slow there at lunchtime Tuesday. That is hardly surprising given that customers could choose between just two

    August 1, 2014 01:00 pm JST
  • OECD to cast wide net for tax evaders with information sharing

    TOKYO -- The Organization for Economic Cooperation and Development is working on new rules aimed at curbing international tax evasion among the wealthy by promoting the sharing of bank account information across borders. Financial institutions w

    August 1, 2014 06:01 am JST
  • US tries to reset relations with India

    NEW DELHI -- The U.S. is making a serious effort to mend fences with India after an embarrassing diplomatic row and revelations of American spying on the now-ruling party. Secretary of State John Kerry joined Indian External Affairs Minister Sus

    August 1, 2014 05:07 am JST
  • With Tesla deal, Panasonic sees risk and reward

    OSAKA -- Panasonic has been scaling back investment under President Kazuhiro Tsuga but seems ready for a reversal, as suggested by its plans announced Thursday to build a lithium-ion battery plant in collaboration with U.S. electric vehicle maker Te

    August 1, 2014 04:49 am JST
  • France's Iliad makes bid for T-Mobile

    NEW YORK (Dow Jones) -- French upstart telecommunications company Iliad SA has made an offer for T-Mobile US Inc., in a bold bid to counter an offer for the country's fourth-largest wireless carrier by Sprint Corp. Iliad, in a news release, said

    August 1, 2014 02:03 am JST
  • Solution on the horizon for green power's erratic electricity

    TOKYO -- A constantly fluctuating electric current is one of the biggest technological hurdles to the widespread use of renewable energy sources. But a new research institute in Fukushima Prefecture may have a solution. In April, the National In

    July 31, 2014 07:00 pm JST
  • Change in strategy leads Jafco to record quarterly profit

    TOKYO -- Jafco, a leading Japanese venture capital firm, has reported a record profit in the April-June quarter of 2014, despite a quieter IPO market compared to last year. Behind Jafco's earnings recovery is the company's newly adopted strategy of

    July 31, 2014 01:00 pm JST
  • Fresh sanctions on Russia to keep ruble in a funk

    TOKYO -- New sanctions on Moscow are likely to keep the Russian ruble slumping, market watchers say. In response to the downing of a Malaysia Airlines jet over Ukraine, which Western countries have blamed on Kremlin-backed separatists, the Europ

    July 31, 2014 01:00 pm JST
  • Fed to continue tapering bond purchases

    WASHINGTON (Dow Jones) -- The Federal Reserve said it would scale back its purchases of mortgage and Treasury bonds to $25 billion monthly and responded hours after a stronger-than-expected U.S. economic growth report with a modestly more upbeat ass

    July 31, 2014 09:20 am JST
  • Amid territorial row, Japan's sanctions on Russia lacking bite

    TOKYO -- While Europe and the U.S. dial up sanctions to punish Russia for its support of pro-Moscow rebels in eastern Ukraine, Japan is stepping more gingerly as it hopes to advance negotiations over disputed islands. Tokyo is eager to show that

    July 31, 2014 05:21 am JST
  • Volkswagen gaining on Toyota in global sales race

    TOKYO -- Halfway through the year, Volkswagen has outstripped General Motors to sell the second-most cars worldwide, coming a little more than 100,000 short of top-ranked Toyota Motor. Toyota, including subsidiaries Daihatsu and Hino, sold 5.09

    July 31, 2014 04:09 am JST
  • Kawasaki Kisen to partner with leading US port operator

    TOKYO -- Kawasaki Kisen will team up with the biggest port operator in the U.S. in the operation of container terminals in a bid to raise efficiency and revenues by renting the facilities out to other companies. As part of the deal, which could

    July 31, 2014 03:34 am JST
  • Stepped-up sanctions seen hurting Russian economy

    MOSCOW -- Escalated sanctions introduced by the U.S. and the European Union are expected to debilitate Russia's key industries, including finance, oil and arms, possibly causing the country's economy to shrink next year. In light of the downing

    July 31, 2014 03:24 am JST
  • No end in sight to liquidity-driven market

    TOKYO -- Expectations that interest rates are not about to rise anytime soon are underpinning Japanese equity prices. The Nikkei Stock Average climbed for a fourth straight session Wednesday, reaching a six-month high. Intermittent futures buyin

    July 31, 2014 02:10 am JST
  • Chinese yuan coming up in the world

    HONG KONG -- Companies the world over are increasingly using China's currency to make settlements for trade and investment as they seek to hedge risk and do more business with the massive Chinese market. Yuan-denominated settlements as a proport

    July 31, 2014 12:00 am JST
  • Chinese investors continue scooping up British brands

    LONDON -- The wave of Chinese investment in the U.K. is showing no signs of cresting. China- and Hong Kong-based private equity firms are snapping up Western brands, and Britain, with its open economy and numerous well-established companies, is seen

    July 31, 2014 12:00 am JST
  • Global new car sales up 3% in April-June

    TOKYO -- New car sales in major global markets rose 3% in the April-June period. Sales were strong in China and the U.S., but weaker in emerging economies. Data compiled from automobile manufacturers associations and research companies in l

    July 30, 2014 07:00 pm JST
  • Destruction of evidence may cost Takeda dearly

    TOKYO -- Takeda Pharmaceutical stumbled seriously when it was found to have destroyed evidence related to a series of product liability lawsuits in the U.S. over its popular diabetes drug Actos. The Japanese drugmaker may have to pay dearly for

    July 30, 2014 12:00 pm JST
  • U.S. announces additional sanctions on Russia

    WASHINGTON (Kyodo) -- The United States announced Tuesday that it will impose additional sanctions on Russian energy, arms and financial sectors to increase pressure on Moscow to end its support for separatists in eastern Ukraine. "Today, and bu

    July 30, 2014 09:20 am JST