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Giappone
BOJ launches negative interest rate in bit to beat deflation
The Bank of Japan on Tuesday introduced the nation’s first-ever negative interest rate in a bid to conquer deflation at a time when the Japanese economy is facing a downturn and conditions for the global economy remain far from certain. The central bank announced the policy on Jan. 29 as ...
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Giappone
Toshiba panel considers replacing president before shareholder meeting
Scandal-hit Toshiba Corp.’s Nomination Committee is considering replacing President Masashi Muromachi as early as June, informed sources have said. Toshiba is bracing for a record group net loss of ¥710 billion for the year ending in March. By replacing the company’s chief Toshiba is hoping to head off criticism at ...
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Giappone
Mitsubishi gets $946 million plane order from U.S. leasing company
Mitsubishi Aircraft Corp., the maker of Japan’s first passenger jet, won an order for as many as 20 planes from a U.S. lessor, according to two people familiar with the deal. The order is for the larger MRJ90, said one of the people, who asked not to be identified because ...
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Giappone
Solar Frontier, DBJ, Taiyo Oil to build solar farm in Yamaguchi Prefecture
Solar Frontier K.K., the Development Bank of Japan and Taiyo Oil Co. plan to build a 17-megawatt solar power station in Yamaguchi Prefecture. Construction is scheduled to begin this year and operation is targeted to start next year, the three companies said in a statement Tuesday. The power plant is ...
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Giappone
Some community banks bucking Japan’s negative rates by raising interest for savers
Some community banks are bucking an industry trend by raising interest rates on customers’ deposits to reassure savers worried about the Bank of Japan’s newly imposed negative interest rate. Onga Shinkin Bank, based in Okagaki, Fukuoka Prefecture, announced Monday it will launch a new one-year time deposit product that accrues ...
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Giappone
SoftBank plans record $4.4 billion buyback after share slide
SoftBank Group Corp. is prepared to spend a record ¥500 billion buying back stock after the carrier saw its shares drop to their lowest since buying Sprint Corp. in 2013. SoftBank will purchase as many as 167 million shares, or 14.2 percent of its stock, using cash holdings and the ...
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Giappone
Hedge fund says Abenomics-fueled era of easy gains is over
Stats Investment Management Co., whose hedge fund posted a positive return in each of the past 10 years, said the era of easy gains in the Japanese stock market fueled by Abenomics is over. Equities surged almost 80 percent in the three years through 2015, buoyed by Prime Minister Shinzo ...
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India
Make in India: Mission 2022 — 100 million jobs
Placement firms expect govt’s push to mfg through Make in India to start generating new employment in next few months. Govt hopes to create 100mn new jobs by '22.
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India
Lighter and safer gas cylinders on their way; HPCL places orders for 5,000 cylinders
To begin with, state-run Hindustan Petroleum Corp has placed orders for about 5,000 cylinders with capacities of 2 kg, 5 kg and 10 kg.
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India
Dubai seeking to expand air traffic with India; wants to fly 50,000 more passengers per week
Dubai’s Emirates, the world’s third largest carrier by number of passengers flown, would be the biggest beneficiary of the move.