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Giappone
Japan Post logs ¥29 billion net loss; first since privatization
Japan Post Holdings Co. logged a group net loss of ¥28.98 billion for fiscal 2016, its first red ink since its privatization in 2007, due to a massive write-down of its Australian logistics arm. The postal and financial services provider said Monday it booked a loss of ¥400.33 billion in ...
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Russia Giappone
Dollar moves above ¥113.60 in late Tokyo
The dollar moved on a firmer note around ¥113.60 in Tokyo trading late Monday, thanks to news reports about an agreement between Saudi Arabia and Russia to extend crude oil production cuts. At 5 p.m., the dollar stood at ¥113.64-65, up from ¥113.59-60 at the same time Friday. The euro ...
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Giappone
Xi basks in ‘Belt and Road’ spotlight, urges rejection of protectionism
Chinese President Xi Jinping on Monday urged major multilateral institutions to join his new “Belt and Road” Initiative, stressing the importance of rejecting protectionism in seeking global economic growth. Addressing other world leaders at a summit on the initiative in Beijing, Xi said it was necessary to coordinate policies with ...
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India Giappone
Maruti Suzuki cuts middlemen out of hiring temporary workers
Maruti Suzuki India Ltd. has adopted a different model for hiring temporary workers at one of its plants, completely eliminating the role of middlemen, according to top company officials. The subsidiary of Japan’s Suzuki Motor Corp. and India’s largest carmaker is now hiring temporary workers directly, using the same selection ...
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Giappone
Tokyo stocks fall further on yen’s rise
Stocks lost further ground on the Tokyo Stock Exchange Monday, weighed down by the yen’s strengthening against the dollar. The 225-issue Nikkei average fell 14.05 points, or 0.07 percent, to end at 19,869.85. On Friday, the key market gauge lost 77.65 points. The Topix index of all first-section issues finished ...
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Giappone
Toyota-led group invests in development of flying car
Toyota Motor Corp. and 14 affiliates plan to spend ¥42.5 million over three years to support a flying car development team that includes young engineers from the leading automaker, according to informed sources. Currently, the group of young engineers from the automotive and aviation industries and officials from related startups ...
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Giappone
Wholesale prices up for fourth month on higher oil costs
Japan’s wholesale prices rose 2.1 percent in April from a year earlier, up for the fourth straight month due to higher oil prices, Bank of Japan data showed Monday. Discounting the effect of a 3 percentage point consumption tax hike in April 2014, the pace of the increase was the ...
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Giappone
Effect of changes in modern motherhood has economists worried
Motherhood is changing, as are mothers’ working lives — and those changes have economists concerned. For a while there, women around the world were making clear economic progress. More were working, and they were earning more (and boosting the global economy in the process). But in the last few decades, ...
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Giappone
Desperately short of labor, midsized firms plan to buy robots
Desperate to overcome the nation’s growing shortage of labor, midsized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earthmoving and hotel room service. According to a Bank of Japan survey, companies with share capital of ¥100 million to ¥1 billion ...
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Panama
Comienza evaluación de Gafilat a Panamá
"Son dos semanas muy intensas y Panamá ha estado trabajando durante el último año para esta visita", comentó el ministro de Economía y Finanzas, Dulcidio De la Guardia.