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India
Govt aims to showcase services trade potential through global exhibition
The three-day event will be crucial to market India's services trade potential to trade partners from abroad
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Giappone
Dollar rises above ¥109 as oil strengthens
The dollar gained ground to rise above ¥109 in Tokyo trading on Tuesday, attracting demand on the back of a rise in crude oil prices and higher stocks. At 5 p.m., the dollar stood at ¥109.13-14, up from ¥108.21-22 at the same time Monday. The euro was at $1.1326-1327, up ...
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Giappone
Stocks rally on falling yen
Stocks staged a sharp rebound on the Tokyo Stock Exchange on Tuesday, backed by an overnight rally in U.S. equities and the yen’s easing. The Nikkei average surged 598.49 points, or 3.68 percent, to finish at 16,874.44. On Monday, it shed 572.08 points. The Topix index closed up 42.88 points, ...
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Giappone
Hands-free speech translation app gets trialed at Narita airport
Tests of a speech translation application were set to start at Narita International Airport on Tuesday. The “NariTra” multilingual translation app employs noise-canceling techniques and recognizes a wide range of speech. Offered by the airport at no cost, the app is designed to work hands-free — and therefore suitable for ...
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Giappone
Hedge fund analyst foresees ¥75 per dollar in 40-year climb
The yen is on a 40-year technically driven climb and that means the Bank of Japan needs to push ahead with radical stimulus next week to avoid this year’s surge accelerating, according to Tokyo-based hedge fund GCI Asset Management. BOJ Gov. Haruhiko Kuroda should cut negative rates further and use ...
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Giappone
Marubeni cuts fiscal 2015 profit outlook on commodities plunge
Marubeni Corp. on Monday cut its profit outlook for the year through March as the trading house booked losses totaling ¥120 billion due mainly to tumbling commodity prices. Marubeni now expects a group net profit of ¥60 billion, sharply down from its earlier estimate of ¥180 billion, and an operating ...
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Giappone
Mitsubishi CEO Kakiuchi seeks ‘urgent’ shift after commodities collapse
Mitsubishi Corp. is shifting growth away from its energy and mining-related businesses after being stung by the metals and oil collapse that led it to forecast its first-ever annual loss on a group basis. Takehiko Kakiuchi, the newly appointed chief executive officer, said he will focus Japan’s biggest trading house ...
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Giappone
After quakes, Japan is expected to delay TPP approval
The Diet is expected to defer ratification of the Trans-Pacific Partnership free trade pact until after the current legislative session, as the government is giving top priority to responding to the powerful earthquakes in Kyushu. The post After quakes, Japan is expected to delay TPP approval appeared first on The Japan ...
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Giappone
Asahi to buy Peroni and Grolsch brands from AB InBev
Beer giant Asahi Group Holdings Ltd. said Tuesday it will buy the Peroni and Grolsch brands from Anheuser-Busch InBev, the world’s top brewer, which the latter pledged to sell as part of a tie-up with SABMiller. Terms of the deal — which also includes U.K. brand Meantime — were not ...
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Giappone
Seven & I promotes subsidiary head Isaka as president
Seven & I Holdings Co. said Tuesday it will promote Ryuichi Isaka, head of its convenience store chain subsidiary Seven-Eleven Japan Co., to the position of president following a recent power struggle. The promotion comes days after the conglomerate’s 83-year-old chief executive officer, Toshifumi Suzuki, announced his resignation. He had ...