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Giappone
Commodities exchange gets trading system upgrade
The Tokyo Commodity Exchange on Tuesday put into operation a new trading system that includes extended hours to permit trading at times when economic data is announced. It will also facilitate higher-speed transactions. It is the first such upgrade for the exchange since May 2009, aiming to improve convenience for ...
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Giappone
IMF lending nations seek veto power over bilateral credit lines
Countries that provide bilateral credit lines to the International Monetary Fund want the power to veto loans drawn from those precautionary arrangements, according to people familiar with the discussions. The IMF has been in talks with more than 30 countries that made available $393 billion to the fund in 2012 ...
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Giappone
Panel to examine options for wrecked Fukushima plant
A panel of experts will discuss reforms at Tokyo Electric Power Company Holdings Inc., including the costly plans to scrap its Fukushima No. 1 nuclear power plant, Industry minister Hiroshige Seko said Tuesday. The costs of decommissioning the plant, ravaged by the 2011 triple meltdown, is expected to far exceed ...
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Giappone
Takata lines up bids despite uncosted liabilities
Embattled air bag supplier Takata Corp. is moving forward with an auction of the company as private-equity firms and car parts makers line up offers. Suitors include Carlyle Group LP, which is working with Chinese-owned air bag manufacturer Key Safety Systems Inc.; Daicel Corp., a Japanese manufacturer of air bag ...
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Giappone
With no growth locomotive, world economy struggles to gain speed
Here’s what’s wrong with the world economy: No nation has the will or the way to be the locomotive for global growth. The Federal Reserve looks set to hold off from raising interest rates again this week partly because of concerns that such a move would drive up the dollar ...
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Cina Giappone
Japan steelmakers suffer as China squeezes coal industry, sending fuel price soaring above $200
The nation’s steel makers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flow through to quarterly supply contracts. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton, and the gain will be ...
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Giappone
Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co. and other companies. U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged ...
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India Giappone
SoftBank considers Indian solar panel assembly joint venture
SoftBank Group Corp. is mulling a manufacturing joint venture in India that could produce the solar panels needed to meet Prime Minister Narendra Modi’s energy targets. “SoftBank’s strategy for India includes solar panel manufacturing,” Manoj Kohli, executive chairman of SB Energy said in an interview in New Delhi. He ruled ...
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Giappone
Officials urge price-gouging vigilance as U.S. Southeast pumps run dry after pipeline spill
Gas prices spiked and drivers found “out of service” bags covering pumps as the gas shortage in the South rolled into the work week, raising fears that the scattered disruptions could become more widespread. The shortage is blamed on a pipeline rupture and leak of at least 252,000 gallons (954,000 ...
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UAE's rescue plan for SMEs set to see $1.9bn loans restructured
UAE Banks Federation also says it welcomes plan to introduce bankruptcy law to help small and medium sized firms