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India
Working on converting red tape into red carpet: DIPP secy
The dept wants to cut down legal, regulatory & procedural complexity associated with doing business in India.
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Cina Giappone
Dollar slumps below ¥113 in Tokyo
The dollar slipped below ¥113 in Tokyo trading on Tuesday, chiefly pressured by falls on stock markets in Japan and China. At 5 p.m., the dollar stood at ¥112.93-94, down from ¥113.71-71 at the same time Monday. The euro was at $1.1036-1036, up from $1.0968-0968, and at ¥124.64-65, down from ...
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Giappone
Nikkei slides 128 points on yen
Stocks lost further ground on the Tokyo Stock Exchange on Tuesday, hit by selling of export-oriented issues as the yen rose against the dollar. The Nikkei average lost 128.17 points, or 0.76 percent, to end at 16,783.15. On Monday, the it fell 103.46 points. The Topix sank 14.18 points, or ...
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Giappone
Revised third-quarter GDP figures show 1.1% contraction
The economy contracted in the October-December quarter, according to revised government data that underscores growing concern that Prime Minister Shinzo Abe’s reflation program is falling short of expectations. The gross domestic product shrank an annualized 1.1 percent in the three months ended Dec. 31, according to revised data from the ...
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Giappone
NTT Data preparing to buy Dell’s Perot Systems
Nippon Telegraph and Telephone Corp. is in final talks to buy Perot Systems, an information technology services affiliate of U.S. computer giant Dell Inc., sources said Tuesday. The deal is worth over ¥400 billion. The purchase would help NTT strengthen its operations overseas at a time when growth in Japan ...
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Giappone
Current account surplus continues for 19th month on cheaper oil, tourism surge
Japan posted a current account surplus for the 19th consecutive month in January, the government said Tuesday, with declining crude oil prices driving down imports and a growing number of foreign tourists helping to push travel further into the black. The surplus in one of the widest gauges of a ...
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Giappone
Cabinet approves TPP bills, to step up explaining pact’s benefits
The Cabinet of Prime Minister Shinzo Abe on Tuesday approved a set of bills to bring into effect the Trans-Pacific Partnership. The government aims to have the free-trade pact ratified and the bills enacted during the current Diet session. TPP requires Japan to remove tariffs on 95.1 percent of farm, ...
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Cina Giappone Iran
U.S. slaps sanctions on Chinese tech supplier over Iran ties
Washington has imposed restrictions on the ability of one of China’s biggest telecoms equipment makers, ZTE Corp., to use American components after concluding the state-owned company improperly exported U.S. technology to Iran. Sanctions that took effect Tuesday were imposed after ZTE was found to be “acting contrary to the national ...
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Cina Giappone
SoftBank to split responsibility for Japan, overseas operations
SoftBank Group Corp. plans to divide its Japanese and overseas operations, splitting the responsibility for managing some ¥9.2 trillion of investments spanning the broadband and mobile industries and a stake in China’s largest Internet-shopping service. Group President Nikesh Arora will head up operations abroad, which includes stakes in Alibaba Group ...
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Giappone
Abenomics losing support with economists and voters alike
Abenomics has not had much impact reviving the fits-and-starts Japanese economy. That is the verdict of nearly two dozen economists canvassed in a new Bloomberg News survey. Prime Minister Shinzo Abe’s signature domestic policy received an average score of 4.6 points out of 10 for overall economic effectiveness in a ...