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Finance Ministry has received over 70 application for the post of chief executive of India's maiden sovereign wealth fund. "We are in the process of selecting CEO of NIIF. The CEO will be drawn from the market... We have received 70 applications," ...

He was speaking to C.Y. Leung, chief executive of Hong Kong Special Administrative Region (SAR), who called on him here

Foxconn Technology Group Chairman Terry Gou plans to travel to Sharp Corp. headquarters in Osaka to meet with management Friday and press his case for a proposed bailout of the Japanese consumer electronics company, according to a person familiar with the matter. Gou asked for the session Thursday after Sharp ...

Japanese banks are unlikely to apply negative interest rates to deposits held by retail customers, Bank of Japan Gov. Haruhiko Kuroda said Thursday. “Of course, the BOJ will consider additional monetary easing if necessary,” Kuroda told a House of Representatives Budget Committee meeting, showing readiness to lower interest rates further ...

Sharp Corp. says it will decide on the ¥600 billion rescue plan from Taiwan's Hon Hai Precision Industry Co. or the ¥300 billion plan by Innovation Network of Japan in a month. The post Sharp still talking with both Foxconn, INCJ on bailout, president says appeared first on The Japan Times.

With almost 70 percent of its land covered by forests, Japan is leading a drive to return to wood as a source of cleaner energy. While projects in the U.K. and the U.S. are experimenting with biomass, Japan is giving favorable tariffs to power producers who burn leftover wood as ...

The dollar was sharply weaker around ¥118 in Tokyo trading on Thursday, following an overnight plunge in overseas trading on sluggish U.S. nonmanufacturing activity data. At 5 p.m., the dollar stood at ¥117.95-95, down from ¥119.97-97 at the same time Wednesday. The euro was at $1.1079-1081, up from $1.0906-0907, and ...

The annual meeting of Kansai area corporate leaders opened Thursday in Kyoto with declarations of support for a recently restarted nuclear power plant and calls for the swift ratification of the Trans-Pacific Partnership. The two-day Kansai Economic Seminar brought together over 500 participants including heads of companies. Tabled for discussion ...

Sales of imported foreign-brand vehicles in Japan in January fell 0.8 percent from a year before to 17,045 units, down for the fifth straight month, the Japan Automobile Importers Association said Thursday. The overall momentum created by launching new models of mass-market vehicles has been fading, although they still sell ...

Mitsui & Co., the nation’s second-biggest trading house, has lowered its full-year forecast 21 percent amid a collapse in commodity prices. The company expects a profit of ¥190 billion in the financial year to March, down from its previous forecast of ¥240 billion, according to a statement Thursday. It cited ...