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Toshiba Corp.’s long-term senior bond rating has been cut two levels by Moody’s Investors Service to Ba2, its second-highest junk rating, from Baa3. Moody’s also downgraded the short-term rating of the electronics company, the ratings agency said in a statement Tuesday. “We expect that Toshiba’s leverage will stay high over ...

McDonald's Corp. is considering selling part of its stake in its Japanese unit, sources say. The post McDonalds considers downsizing stake in struggling Japanese unit appeared first on The Japan Times.

Recruit Holdings Co. agreed to buy USG People NV of the Netherlands for just over €1.4 billion ($1.5 billion) as Japan’s biggest provider of temporary staff seeks to boost growth in Europe. Recruit will offer €17.50 ($19) in cash for each share in Almere, Netherlands-based USG, the companies said in ...

The dollar moved tightly above ¥121 in Tokyo trading on Tuesday, as currency players retreated to the sidelines amid the dearth of fresh trading incentives. At 5 p.m., the dollar was at ¥121.11-12, down from ¥121.28-29 at the same time Monday. The euro was at $1.0919-0920, up from $1.0869-0870, and ...

The government added Kobe beef and Yubari melons on Tuesday to a list of food items accorded government protection as regional brands to enhance their marketing and sales. Under the government’s “geographical indication” system, special markings can be affixed to the packages of designated food items signaling their uniqueness and ...

Prime Minister Shinzo Abe on Monday presided over a ceremony to celebrate companies that have made progress in promoting women, just weeks after the government scaled back ambitious targets for increasing the number of female managers. At the event for companies that “lead the way in letting women shine,” Abe ...

A committee under the Japan Business Federation, better known as Keidanren, broadly agreed Tuesday on guidelines for shunto spring wage negotiations in 2016 that will ask member companies with higher earnings to raise employee wages at rates greater than this year. Keidanren will seek higher wages for the third straight ...

Private equity firm and its partner say they have sold 83% of their interest in Tunisian pharma firm

Financing is one of the main barriers faced by local SMEs, a research paper by Beehive, the UAE’s first peer-to-peer online marketplace, has revealed

Dubai's flagship business says it has repaid Islamic loan nearly four and a half years ahead of 2020 maturity