-
USA
Stick to fiscal discipline, spend on infra: FM to states
States' share in Union taxes has substantially gone up after implementation of the 14th Finance Commission report
-
Giappone
Dollar drops to ¥108 range as intervention fears fade
The dollar dropped to the ¥108 level in Tokyo trading Monday as most traders shrugged off fears about yen-selling intervention. At 5 p.m., the dollar stood at ¥108.05-06, down from ¥109.05-06 the same time Friday. The euro was at $1.1377-1377, almost unchanged from $1.1379-1379, and at ¥122.94-95, down from ¥124.09-10. ...
-
Giappone Indonesia
Toshiba, IHI receive orders for thermal power plant in Indonesia
Toshiba Corp. and IHI Corp. said separately Monday that they have received orders of key equipment for the expansion of a coal-fired thermal power plant in Indonesia’s Banten province. Toshiba will supply a steam turbine and generator, while IHI will provide a boiler. The two Japanese firms did not disclose ...
-
Giappone
Tokyo stocks lose further ground on yen rise
Stocks turned lower Monday as selling picked up with the yen’s ascent against the dollar. The 225-issue Nikkei average lost 70.39 points, or 0.44 percent, to close at 15,751.13 on the Tokyo Stock Exchange. On Friday, the key market gauge climbed 71.68 points. The Topix index of all first-section issues ...
-
Giappone
IMF defends central banks’ use of negative interest rates despite risks
The IMF on Sunday defended the use of negative interest rates by central banks in light of the “significant risks” of slow growth, while acknowledging the potential for dangerous boom-and-bust cycles. Six central banks, notably the European Central Bank and the Bank of Japan, have taken the unprecedented measure, aimed ...
-
Giappone
Otsuka Kagu’s ex-chairman wins suit over bond redemption
The Tokyo District Court on Monday ruled in favor of Katsuhisa Otsuka, former chairman of major furniture retailer Otsuka Kagu Ltd., in his lawsuit against a firm related to his eldest daughter over corporate bond redemption. In the suit, Katsuhisa Otsuka, who recently lost a battle for control of the ...
-
Giappone
Japan pins tech hopes on game-changing nanofiber
Carbon fiber may often be dubbed the next-generation material, but it’s another product — cellulose nanofiber — that is increasingly attracting attention among manufacturers. A low-weight, high-strength material, cellulose nanofiber has potential use in a wide range of products, including auto parts, food packaging, clothing, cosmetics and inks. Recognizing this, ...
-
Giappone
BOJ’s backfire hangs over central bankers as IMF meetings start
The world’s central bankers, already hitting the limits of their effectiveness on growth and inflation, are now contending with another risk: that additional stimulus could produce lackluster results and undercut investor confidence. The Bank of Japan’s decision in January to take interest rates negative has sent bond yields tumbling, while ...
-
Giappone
Abenomics rebuked as major foreign investors join $46 billion Japan pullout
For global equity investors and Shinzo Abe, it’s splitsville. Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas traders dumped $46 billion of shares as economic reports deteriorated, stimulus from the Bank ...
-
Giappone
ANA resumes service to Brussels after terror attacks
All Nippon Airways Co. on Monday resumed service between Narita airport and Brussels, more than two weeks after its suspension due to deadly terror attacks in the Belgian capital. ANA said the service was resumed as Brussels international airport — one of two locations hit by bomb attacks in late ...