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The dollar firmed against the yen in Tokyo trading Wednesday, briefly hitting a three-week high of ¥103. At 5 p.m., the dollar stood at ¥102.78-82, up from ¥102.39-40 at the same time Tuesday. The euro was at $1.1219-1223, up from $1.1173-1173, and at ¥115.32-34, up from ¥114.41-41. The dollar fell ...

Sompo Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion (¥637.5 billion), in the company’s biggest acquisition as it expands further outside Japan. The Japanese insurer will pay $93 a share in cash, or 43 percent more than Monday’s closing price of $64.96. The ...

Stocks rose for the third consecutive session on the Tokyo Stock Exchange Wednesday, as investors took heart from the yen’s weakening. The 225-issue Nikkei average gained 83.59 points, or 0.50 percent, to close at 16,819.24. On Tuesday, the key market gauge advanced 136.98 points. The Topix index of all first-section ...

In Japan, where bonds can yield less than zero percent, a bullet train operator planning a ¥392 billion ($3.8 billion) share sale is promising investors dividend returns that would beat most of the nation’s stocks. State-owned Kyushu Railway Co., also known as JR Kyushu, which is currently gauging investor appetite ...

The government on Wednesday proposed mandatory country of origin labeling for all food products processed in Japan, in a move to address safety concerns once a Pacific free trade pact takes effect. At a meeting, the Consumer Affairs Agency and the farm ministry put on the table a draft plan ...

Mexico’s first aerial gondola for public transportation will sweep riders from poor neighborhoods over suburban sprawl outside the country’s capital and connect them with other public transport. Mexican President Enrique Pena Nieto attended the inauguration of the so-called “Mexicable” Tuesday in Mexico state’s Ecatapec. Ecatapec has more than 1.7 million ...

As the world celebrates 2016 International Day of Older Persons, the federal government has pledged to promote the economic situation for older persons through  IT programme, among others. Speaking yesterday in Abuja at the one-day project partnership meeting organised by the Federal Ministry of Labour and Employment, Digital Bridge Institute, ...

The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (rtd) has disclosed that a total of 117, 034 (50kg) bags of rice have been seized at the nation’s land borders, at a duty paid value of N774, 282, by the Nigerian Customs Service within the first quarters of 2016. Speaking yesterday ...

Source: Inter Press Service Country: WorldTo change this, a group of diplomats and UN staff are seeking to bolster the UN Peacebuilding Fund, which operates with an annual budget of roughly 100 million dollars.By Jonathan Rozen UNITED NATIONS, Oct 3 2016 (IPS) - As the world struggles to respond to conflicts and the people fleeing ...

[Vanguard] Dr Pascal Lorot, founder of France-based Insitut Choisuel, a socio-economic organisation, said Nigeria was one of the promising business hubs in the world.