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Giappone
Abe’s maglev decision reflects political calculus over economics
Few doubt Prime Minister Shinzo Abe’s decision to invest public funds in a $90 billion high-tech maglev railway makes political sense. Whether it makes equally good economic sense is less clear. Proponents say lending government money to Central Japan Railway Co. (JR Tokai) to speed up the launch of a ...
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Giappone
Japan’s CPI seen falling again in June, more headaches for BOJ
Japan’s consumer prices were expected to fall in June for the fourth straight month, a Reuters poll found, keeping alive market expectations the central bank will expand an already massive stimulus program to hit its 2 percent price goal. Separate data next week is also expected to show exports slumped ...
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Giappone
Japanese maker of VCRs to pull plug on product after sales tumble
The world’s last videocassette recorder is set to roll off the factory line as a Japanese manufacturer ends production of the once booming home-theater technology. Funai Electric, which says it is the world’s last VCR manufacturer, pointed to a sharp decline in demand and trouble sourcing parts for its decision ...
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Giappone
Tokyo stocks fall back on weaker U.S. market, yen’s rise
Stocks turned lower on the Tokyo Stock Exchange Friday, weighed down by an overnight fallback in U.S. equities and the yen’s ascent. The 225-issue Nikkei average lost 182.97 points, or 1.09 percent, to close at 16,627.25. On Thursday, the key market gauge gained 128.33 points. The Topix index of all ...
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Giappone
Takeda considering selling stake in chemicals unit to raise cash
Takeda Pharmaceutical Co. is exploring the sale of its majority stake in chemicals business Wako Pure Chemical Industries Ltd. as the drugmaker seeks to sell noncore assets to raise cash, according to people with knowledge of the matter. Takeda is working with advisers at Nomura Holdings Inc. to sell the ...
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Giappone
South Korean bank says North’s nuclear ambitions squeezed economy in 2015
North Korea’s economy last year is estimated to have contracted the most since 2007 as leader Kim Jong Un marshaled resources for nuclear tests and ballistic missile development. The gross domestic product of the totalitarian state fell 1.1 percent in 2015 from a year earlier, when it expanded 1 percent, ...
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Giappone Vietnam
Daikin to make air conditioners in Vietnam in ¥10 billion bet on growing demand
Daikin Industries Ltd. will open an air conditioner assembly plant in Vietnam in a ¥10 billion bet on growing demand there, informed sources have said. It will build the plant at an industrial complex near Hanoi. The plant will start production in early 2018 with an initial annual output of ...
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USA Giappone
First U.S. federal bitcoin securities fraud case ends in 18-month sentence
A Texas man who carried out what authorities said was the first federal bitcoin securities fraud to be prosecuted was sentenced on Thursday to 18 months in prison. Trendon Shavers, 33, was sentenced in Manhattan federal court by Judge Lewis A. Kaplan, who said Shavers committed a serious crime but ...
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Nigeria
NDLEA arrests 63 drug couriers
National Drug Law E n f o r c e m e n t Agency, NDLEA, said it arrested 63 suspected drug traffickers at the Murtala Muhammed International Airport, MMIA, Lagos between January and June this year. NDLEA declared that the suspects were arrested with 484.11kgs of drugs while suspected ...
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Iran Nigeria
Minister Seeks Collaboration With Iran On Power, Agriculture
Hajiya Aisha Abubakar, the Minister of State for Industry, Trade and Investment, has called on the Embassy of Islamic Republic of Iran to invest in power and agriculture sectors. Abubakar made the call when Mr Morteza Zarchi, the Ambassador of Iran in Nigeria, paid her a courtesy visit in Abuja ...