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  • Tokyo stocks open lower after Wall St. big losses

    TOKYO (Kyodo) -- Tokyo stocks opened lower Friday as investor sentiment was soured by sharp overnight declines in U.S. shares. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 113.48 points, or 0.73 percent, from Thurs

    August 1, 2014 09:40 am JST
  • Dollar remains in upper 102 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 102 yen range early Friday, almost unchanged from its levels overnight in overseas trading. At 9 a.m., the dollar fetched 102.77-78 yen compared with 102.75-85 yen in New York and 102.86-87 ye

    August 1, 2014 09:35 am JST
  • Japan fund, companies to churn out cutting-edge display panels

    TOKYO -- A public-private fund will join with Panasonic, Sony and Japan Display in establishing a new venture in January aimed at mass-producing OLED display panels. Innovation Network Corp. of Japan will provide 75% of funding for the new compa

    August 1, 2014 06:21 am 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
  • Japan, Chile to deepen mining ties: leaders

    SANTIAGO -- Japanese Prime Minister Shinzo Abe and Chile's President Michelle Bachelet agreed here Thursday to seek stronger cooperation on developing the Andean nation's abundant mineral resources. Japan imports 48% of its copper and 87% of its

    August 1, 2014 05:59 am JST
  • New service points out risky roads ahead of typhoons in Japan

    TOKYO -- Geospatial information specialist Pasco will predict road closings and dangerous routes in typhoons and other bad weather under a service to help keep the distribution of goods flowing. The unit of Japanese security giant Secom has a da

    August 1, 2014 05:53 am JST
  • Nippon Steel expects 11% profit rise in 2014 through cost cuts

    TOKYO -- Nippon Steel & Sumitomo Metal sees pretax profit growing 11% to 400 billion yen ($3.85 billion) in fiscal 2014 by cutting costs, with an eye toward boosting its competitiveness as it develops its overseas market. The company released it

    August 1, 2014 05:24 am JST
  • Sony, Panasonic report profit growth for April-June

    OSAKA -- Sony and Panasonic on Thursday both reported higher earnings for the three months ended June 30, but progress on business restructuring appears to signal a brighter future for the latter. Sony said its operating profit surged 97% on the

    August 1, 2014 05:14 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
  • Japan's troubled Hakugen seeks comeback under rival's wing

    TOKYO -- Japanese daily necessities maker Hakugen has chosen competitor Earth Chemical as its restructuring sponsor as it goes through civil rehabilitation proceedings. But whether the long-established company can catch up with the times is hardly a

    August 1, 2014 03:41 am JST
  • Sharp ready to ship next-gen panels from key LCD plant

    OSAKA -- Sharp will begin shipping high-resolution display panels from its Kameyama No. 2 plant in August. The new IGZO (indium-gallium-zinc oxide) panels offer more than twice the resolution of existing products and enable smartphones to play v

    August 1, 2014 03:39 am JST
  • Samsung SDI to sell storage batteries for solar farms in Japan

    TOKYO -- Samsung SDI of South Korea is joining forces with storage battery manufacturer Edison Power to market large-capacity storage batteries for megasolar power plants in Japan. These batteries are designed for load leveling, supplying power

    August 1, 2014 03:27 am JST
  • Japan's electronics industry returning to form

    TOKYO -- The nation's biggest electronics manufacturers are enjoying an earnings recovery, with Hitachi, Panasonic and Toshiba all posting sharp gains in April-June operating profits Thursday. More than 400 corporations listed on the Tokyo Stock

    August 1, 2014 02:48 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
  • Sluggish Nikkei masking selective market

    TOKYO -- Japan's stock market may seem at a glance to be treading water, but with individual stocks showing plenty of activity amid earnings releases, investors must be careful not to miss the storylines hidden under the surface. One major broke

    August 1, 2014 02:00 am JST
  • China creates war room to guard air defense zone: reports

    BEIJING -- The Chinese military has established a joint command center for air and naval forces to keep close watch over the country's air defense identification zone in the East China Sea, according to media reports. Its purpose is apparently t

    August 1, 2014 01:44 am JST
  • Softbank laying groundwork for Pepper the robot's release

    TOKYO -- Gearing up for the upcoming release of its household robot, Pepper, Softbank has established a new company and plans to set up two locations for collaborating with outsiders to create applications. The new company, Softbank Robotics, is

    August 1, 2014 01:13 am JST
  • Skymark cites Airbus penalty as business survival risk

    TOKYO -- Skymark Airlines said Thursday that the huge fine it may have to pay aircraft manufacturer Airbus is a risk to its ability to stay in business. Skymark reported a net loss of 5.7 billion yen ($55 million) for April-June, compared to a ne

    August 1, 2014 01:09 am JST
  • Abe to reshuffle cabinet in early September

    SANTIAGO (Kyodo) -- Japanese Prime Minister Shinzo Abe said Thursday that he plans to reshuffle his Cabinet and Liberal Democratic Party leadership in the first week of September. Speaking to reporters in the capital of Chile, the fourth leg of

    August 1, 2014 12:35 am JST
  • DIC moves to hedge yuan risk following rule change

    SHANGHAI -- A Chinese unit of Tokyo-based DIC, the world's largest ink manufacturer, will be among the first companies to take advantage of looser restrictions on foreign exchange options. The unit will enter into yuan-dollar options contracts F

    August 1, 2014 12:29 am JST