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Giappone
Dollar hovers below ¥123 before Yellen speech
The dollar hovered just below ¥123 in Tokyo trading late Thursday as a wait-and-see mood strengthened ahead of speeches by U.S. Federal Reserve officials including Fed Chair Janet Yellen later in the day. At 5 p.m., it stood at ¥122.92-93, almost unchanged from ¥122.93-94 at the same time Wednesday. The ...
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Cina Giappone
All aboard Tokyo’s yellow Hato Bus as China tourists surge
London isn’t the only city with an iconic bus. In Tokyo it’s yellow, named after a pigeon, and should be a welcome sight to stock investors. That’s because Hato Bus Co.’s seats are increasingly filled with Chinese sightseers, giving the company reason to be optimistic that the slowdown in Asia’s ...
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Giappone
Nikkei gains for 7th straight session
The Nikkei cut early losses on buying on dips to close slightly higher on the Tokyo Stock Exchange Thursday, extending its winning streak to a seventh session. It climbed 6.38 points, or 0.03 percent, to close at 19,697.77, achieving the longest bull run since the 12-day spurt that lasted until ...
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Giappone
Abe aims to cut corporate tax ‘below 30%’
Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy that the government will also find ...
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Giappone
LDP to offer farmers revenue insurance to cushion TPP impact
The ruling Liberal Democratic Party plans to set up an insurance system to cushion the blow for farmers when the Trans-Pacific Partnership trade pact comes into effect, sources familiar with the matter said Thursday. It will be among measures to be decided on or around Nov. 25 to support Japan’s ...
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Giappone
McDonald’s Japan logs record nine-month net loss
McDonald’s Holdings Co. (Japan) on Wednesday reported a group net loss of ¥29.28 billion for January-September, the worst result for the nine-month period since its stock listing in 2001. Attributed in part to a series of incidents involving inedible items found in its food, the figure is far greater than ...
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Giappone
Core machinery orders log first rise in four months
Core private-sector machinery orders rose a seasonally adjusted 7.5 percent in September for the first gain in four months, led by increased orders from the nonmanufacturing sector, the government said Thursday. The value of the orders, widely regarded as a leading indicator of future capital spending, totaled ¥816.4 billion ($6.6 ...
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Giappone
Scandal-hit Toyo Tire’s shareholders approve president’s exit, new management
Toyo Tire & Rubber Co. shareholders on Thursday approved the resignation of President Takuji Yamamoto and the appointment of new management to win back public trust after revelations that substandard earthquake shock absorber pads were fitted to buildings. Senior Corporate Officer Takashi Shimizu, 54, will replace Yamamoto, 58, while Katsumi ...
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Giappone
Producer prices down 3.8% in October
The producer price index was down 3.8 percent in October from a year earlier, declining for the seventh straight month, the Bank of Japan said Thursday. The index, previously called the corporate goods price index, stood at 101.5 against 100 for the base year of 2010, the central bank said ...
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Giappone
British town tries offshore tax tricks to rattle government
Small shops in the town of Crickhowell in southeast Wales are drawing up plans to minimize their tax bills that mimic the avoidance tactics of the biggest multinational corporations. Several small businesses, including a baker, a bookseller and an optician, are attempting to publicly exploit tax loopholes in an effort ...