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Giappone
Yanai relents on Fast Retailing sales target amid slowing growth
Fast Retailing Co. Chairman Tadashi Yanai caved in to reality and scrapped his eight-year-old target for the Uniqlo casual-wear owner to hit ¥5 trillion ($48 billion) in annual sales by fiscal year 2020. The billionaire, who wants to make Fast Retailing the world’s largest seller of clothing, on Thursday slashed ...
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Giappone Iran
Idemitsu and Showa Shell postpone merger amid founding family reservations, Iran-Saudi tensions
The two oil distributors opt to put off their planned April merger as Idemitsu has yet to secure consent from its founding family. The post Idemitsu and Showa Shell postpone merger amid founding family reservations, Iran-Saudi tensions appeared first on The Japan Times.
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Giappone
Dollar firmer above ¥103.80 in Tokyo
The dollar gave up early gains but remained above a firmer ¥103.80 in Tokyo trading Thursday. At 5 p.m., the dollar stood at ¥103.86-87, up from ¥103.52-53 at the same time Wednesday. The euro was at $1.1011-1012, down from $1.1056-1056, and at ¥114.36-38, down from ¥114.46-48. The dollar topped ¥104.40 ...
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Giappone
Launch of Sony PlayStation VR could be game changer for industry
Sony Corp.’s PlayStation VR hit the stores on Thursday, capping 2016 as the year that many have called the dawn of virtual reality. Rival manufacturers Facebook-owned Oculus and Taiwanese smartphone maker HTC launched high-end VR headsets this year, the Oculus Rift and HTC Vive, respectively, but experts say the debut ...
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Cina Giappone
Tokyo stocks end lower on bleak Chinese export figures
Stocks shed early gains to close lower on the Tokyo Stock Exchange on Thursday, weighed down by dismal export data out of China. The Nikkei average lost 65.76 points, or 0.39 percent, to finish at 16,774.24. On Wednesday, it fell 184.76 points. The Topix index ended down 0.04 point at ...
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Giappone
Toyota Suzuki driven toward alliance amid fear that innovators will overtake them
Toyota Motor Corp. sees the technological revolution shaking up the auto industry as a serious enough threat to its survival that the world’s most valuable carmaker will consider partnering with one of its fiercest Japanese rivals. In exploring collaboration between Toyota and Suzuki Motor Corp., chieftains Akio Toyoda and Osamu ...
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Giappone
Mizuho exploring alliance with IT startup on settlement services
Mizuho Financial Group Inc. has entered talks with information technology startup Metaps Inc. about forming a business alliance on settlement services using advanced financial technology, Jiji Press learned Thursday. Metaps is a leading provider of fintech services, which use artificial intelligence and big data. The envisaged tie-up is aimed at ...
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Cina Giappone
Komatsu China sales jump as recovery quickens from 5-year slump
Komatsu Ltd., the world’s second-biggest maker of construction and mining equipment, said its sales of excavators in China almost doubled last month, signaling an acceleration in the recovery from a five-year slump in what was once its largest market. Sales of diggers, including mini excavators weighing less than 6 metric ...
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Giappone
Lackluster clothing and merchandise sales drag on profits at major retailers
Three of four major Japanese retailers suffered net losses or a net profit fall on a consolidated basis in the March-August first half of the current business year, partly reflecting sluggish general merchandise store operations, their earnings reports show. The three are Aeon Co., Seven & i Holdings Co. and ...
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Giappone
BOJ may need to taper bond-buying stimulus next year, analyst says
The Bank of Japan will be forced to start tapering bond-buying stimulus as soon as a year from now as it runs out of willing sellers, says the nation’s top-rated analyst. The good news, he says, is yields will not jump. That is because by then, even though the central ...