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Giappone
Abe eager to cut corporate tax rate below 30% at early date
Prime Minister Shinzo Abe vowed Wednesday to further cut Japan’s corporate tax rate in the next fiscal year starting April, paving the way for slashing the rate to below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy that the ...
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Giappone
Dawn of a new era for Japan’s aviation industry with MRJ debut flight
Mitsubishi Aircraft Corp.’s new jet took off on its debut flight from Nagoya airport in central Japan, half a century after the country last introduced a new passenger plane. The Mitsubishi Regional Jet, which can seat up to 92 passengers, took off at 9:35 a.m. Wednesday with two pilots in ...
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Giappone
Dollar easier around ¥123 on position adjustment
The dollar was easier around ¥123 in Tokyo trading on Wednesday, weighed down by selling to adjust positions following the U.S. currency’s surge on strong U.S. jobs data released late last week. At 5 p.m., the dollar stood at ¥122.93-94, down from ¥123.35-35 at the same time Tuesday. The euro ...
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Giappone
White House rejects calls for possible renegotiation of TPP
A senior White House official denied Wednesday that the United States and 11 other Pacific Rim countries could renegotiate a sweeping free trade agreement, brushing off calls to revisit the text of the U.S.-led deal. Renegotiation of the Trans-Pacific Partnership initiative is “not an option,” Caroline Atkinson, deputy national security ...
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Giappone
Novartis Japan faces censure for delay in disclosing drug side effects
The health ministry will censure a Japanese unit of Swiss pharmaceutical giant Novartis AG for failing to report serious side effects from some of its drugs within a certain period of time, sources close to the matter said Wednesday. The Ministry of Health, Labor and Welfare will serve Tokyo-based Novartis ...
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Giappone
Tokyo stocks rise, but topside limited
Stocks closed slightly higher on the Tokyo Stock Exchange Wednesday thanks to buying on dips after early falls, with their topside limited by growing concern over market overheating. The 225-issue Nikkei average rose 20.13 points, or 0.10 percent, to end at 19,691.39. On Tuesday, the key market gauge gained 28.52 ...
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Giappone
Nissan plans to double South Africa output with new pickup model
Nissan Motor Co. plans to build a new model of pickup at its South African plant starting in 2018 and will increase production from the facility as the carmaker seeks to capitalize on growing demand for new vehicles on the continent. Nissan sees output from its factory in Rosslyn, north ...
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Giappone
Takata air bag crisis hands Autoliv chance to go big in Japan
Swedish car safety equipment maker Autoliv could capitalize on the crisis engulfing its rival Takata Corp. by finally extending its global leadership to the one major auto hub it has been unable to dominate — Japan. Autoliv is the world’s top maker of equipment such as air bags and seat ...
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Standard Chartered said to axe some senior execs in Dubai
UK-based lender has reportedly cut 11 sales and trading jobs in Dubai, including four managing director roles
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Private equity firms said to invest in UAE payments provider
Sources say Warburg Pincus and General Atlantic are likely to announce deal to invest in Network International