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State-run lender Industrial Bank of Korea said it will provide a total of 100 billion won ($87 million) in special loans

Japan Exchange Group Inc. and the Saudi Stock Exchange agreed Tuesday to seek broad cooperation in areas such as cross-listing of shares and development of financial products. The bourses signed a memorandum of understanding as King Salman bin Abdul-Aziz al-Saud of Saudi Arabia is visiting Japan with a huge delegation. ...

Prime Minister Shinzo Abe’s administration has a habit of co-opting Nobel Prize-winning economists when it lays the groundwork for contentious policy decisions. It’s not surprising then that the visit of Christopher Sims, a professor at Princeton University, has ignited speculation in Japan that the government may be looking to soften ...

If Toshiba Corp. parts ways with its embattled U.S. nuclear unit, Westinghouse Electric Co., the likely buyer may be a regional neighbor with global ambitions. Westinghouse would be a strategic fit in China or South Korea, which are developing their own reactors for export, according to analysts and academics. The ...

Square Inc. has just scored its oldest customer ever — a 1,200-year-old Buddhist temple in central Japan. Visitors to Mount Koya in Wakayama Prefecture, a UNESCO World Heritage Site, will be able to buy souvenirs and pay entry fees using Square’s white credit card readers, according to a joint statement ...

Economy ministers of Japan and Saudi Arabia agreed Tuesday to accelerate efforts to implement joint economic projects in the Middle Eastern country, including ones intended to improve business and investment environments there. Economy, Trade and Industry Minister Hiroshige Seko and Adel Fakeih, Saudi Arabia’s minister of economy and planning, confirmed ...

Struggling Toshiba Corp. says it is considering selling a majority stake in its U.S. nuclear unit, Westinghouse Electric Co., aiming to stem further losses from the troubled business. The post Toshiba mulls sale of majority stake in Westinghouse appeared first on The Japan Times.

Stocks fell back slightly Tuesday, with investors waiting for the outcome of the U.S. Federal Reserve’s policy-setting meeting. The Nikkei 225 average lost 24.25 points, or 0.12 percent, to end at 19,609.50. On Monday, the key market gauge gained 29.14 points. The Topix, which covers all first-section issues, finished 2.50 ...

The dollar climbed above ¥115 in late Tokyo trading Tuesday after drifting below that level amid a wait-and-see mood ahead of key economic events later this week. At 5 p.m., the dollar stood at ¥115.15-16, up from ¥114.67-68 at the same time Monday. The euro was at $1.0638-0639, down from ...

The House of Representatives, on Tuesday, resolved to probe foreign schools in Nigeria collecting fees in foreign currency. The lower chamber held that the practice was in disregard to Federal Government policy and exploitation of parents. The position of the lawmakers was sequel to a motion by Rep. Emmanuel Agboola ...