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The Ethiopian Electric Power (EEP) will be returning nearly USD 6.5 million it has collected from US residents of Ethiopian descent.

Invesco Global Sovereign Asset Management Study shows US is most attractive destination for investments

Fitch Ratings said Monday it has slashed its rating outlook on Japanese government bonds to negative from stable, citing a lack of specific steps to achieve the country’s fiscal reform goal accompanied with the sales tax-hike delay. “The outlook revision primarily reflects Fitch’s decreased confidence in the Japanese authorities’ commitment ...

Sony Corp. announced Monday its landmark building in Tokyo’s Ginza shopping district will be torn down after its closure in March 2017. The Sony Building will be demolished and its site cleared for a park in 2018 through the 2020 Tokyo Olympics and Paralympics that it hopes to use for ...

The dollar lost ground to trade around ¥106 in Tokyo trading late Monday, as the yen attracted safe-haven demand amid growing worries over Britain’s possible exit from the European Union. At 5 p.m., the dollar stood at ¥106.10-10, down from ¥106.85-86 at the same time Friday. The euro was at ...

Stocks tumbled on the Tokyo Stock Exchange Monday, dragged down by the yen’s surge stemming from increasing concerns over Britain’s possible exit from the European Union. The 225-issue Nikkei average slipped 582.18 points, or 3.51 percent, to finish at the day’s low of 16,019.18, its lowest finish since April 12. ...

The auto manufacturer said its Outlander PHEV model has a security loophole that allows hackers to remotely control some of the vehicle's functions via smartphones. The post Mitsubishi Motors acknowledges Outlander can be hacked, but plays down concerns appeared first on The Japan Times.

Business confidence among large companies deteriorated significantly in the April to June period due to production suspensions brought about by earthquakes in central Kyushu and on a stronger yen, a government survey showed Monday. The index for business conditions at companies capitalized at ¥1 billion or more, compiled by the ...

Seven years after making a name for itself by hosting a “pink-slip party” for finance professionals left jobless during the global financial crisis, Japanese online recruiter BizReach Inc. is about to start putting some bankers to work. In August the career consultant will start looking for an investment bank to ...

Late last year, Bridgestone Corp. CEO Masaaki Tsuya did something rare in Japanese business circles. He put corporate pride aside, and walked away from an escalating bidding war with Carl Icahn for the U.S. auto parts chain Pep Boys. The acquisition would have been a good fit for the Japanese ...