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Giappone
Former Line CEO’s new venture aims to track the pulse of world fashion with smartphone videos
Having already spent time in the limelight as the CEO of Line Corp., Akira Morikawa has now started a new venture that targets would-be fashionistas and connoisseurs of popular culture. The 48-year-old former CEO launched a new startup called C Channel Corp. in April that displays short videos aimed at ...
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Giappone
Government report says Japan’s economy recovering moderately
The government on Monday maintained its overall assessment of the economy as recovering moderately, helped by firm consumer spending and improving corporate profits. But its assessments of public investment and housing construction were downgraded while its view on employment was raised in its monthly report for December. The world’s third-largest ...
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Brasile Giappone
Kirin forecasts first loss since 1949 after Brazil unit hurt by slump
Kirin Holdings Co.’s efforts to expand overseas have hit a snag, with the beer giant predicting its first annual loss since 1949 after an economic slump in Brazil hurt its operations there. Tokyo-based Kirin forecast a net loss of ¥56 billion for 2015, reversing its expectations of ¥58 billion in ...
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Giappone
Panasonic to buy U.S. refrigeration firm Hussmann for $1.55 billion
Panasonic Corp. said Monday it will purchase U.S. refrigeration firm Hussmann Corp. for around $1.55 billion. The move is part of Panasonic’s aim to achieve sales of ¥10 trillion ($82.4 billion) in fiscal 2018 ending March 2019. The purchase is scheduled to be completed on April 1 next year, it ...
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Giappone
Dollar falls to ¥121.30 in Tokyo on weaker oil, stocks
The dollar lost further ground to trade around ¥121.30 in Tokyo trading on Monday, battered by continued falls in oil and stock prices. At 5 p.m., the dollar was at ¥121.28-29, down from ¥121.79-80 at the same time Friday. The euro was at $1.0869-0870, slightly up from $1.0867-0867, and at ...
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Giappone
Nomura to buy stake in American Century Investments
Nomura Holdings Inc., the nation’s biggest brokerage, plans to pay about $1 billion for a stake of about 40 percent in U.S. money manager American Century Investments, according to a person familiar with the matter. The purchase from Canadian Imperial Bank of Commerce (CIBC) will be sometime early next year, ...
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Giappone
BOJ’s ¥300 billion plan to buy nonexistent ETFs puzzles market
Bank of Japan Gov. Haruhiko Kuroda has a new plan. He’s going to buy ¥300 billion ($2.5 billion) of something that doesn’t exist. Markets were roiled Friday after the BOJ unveiled measures including purchasing exchange-traded funds that track companies which are “proactively making investment in physical and human capital.” The ...
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Brasile Argentina
Rousseff: Mercosur must promote active cooperation
Official photo of the participants of the 49th Summit of Heads of State of Mercosur and Associated States in Asuncion, Paraguay.Roberto Stuckert Filho/PR President Dilma Rousseff said today (21) that in order to strengthen Mercosur, it would be necessary to promote more agile forms of trade cooperation and to form ...
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Brasile
Barbosa reaffirms commitment to fiscal adjustment in talks with investors
Brasília - Nelson Barbosa, Brazil's new finance ministerWilson Dias/Agência Brasil Nelson Barbosa, Brazil's new finance minister, told international investors today (Dec. 21) that the government is still committed to the fiscal adjustment and will do what it takes to meet the primary surplus target, set at 0.5% of the GDP, ...
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Brasile Portogallo
Central Bank predicts lower deficit in commercial transactions
The Central Bank's forecasts for 2015 include a trade surplus, and exports surpassing imports by $15 billion, half the prediction for next year.Tânia Rêgo/Agência Brasil The rise in the dollar and Brazil's shrinking economic activity are likely to reduce the deficit in the country's external accounts. The Central Bank forecasts ...