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Giappone
Dollar slides to ¥103.50 ahead of U.S. presidential debate
The dollar slid to levels around ¥103.50 in Tokyo trading late Wednesday, dragged down by position-adjustment selling ahead of the third U.S. presidential debate between Hillary Clinton and Donald Trump. At 5 p.m., the dollar stood at ¥103.52-52, down from ¥103.99-99 at the same time on Tuesday. The euro was ...
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Giappone
Terumo to buy U.S. vascular closure device businesses for $1.1 billion
Medical equipment maker Terumo Corp. has reached a basic agreement with U.S. competitors St. Jude Medical Inc. and Abbott Laboratories to acquire part of their businesses for blood vessel treatment devices for $1.1 billion. Through the deal, announced Tuesday, Terumo aims to bolster its business by enhancing the lineup of ...
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Giappone
Tokyo stocks advance for fourth straight session
Stocks rose for the fourth straight session on the Tokyo Stock Exchange Wednesday, due to purchases backed by hopes for better earnings at key Japanese companies. The 225-issue Nikkei average climbed 35.30 points, or 0.21 percent, to end at 16,998.91. On Tuesday, the key market gauge gained 63.49 points. The ...
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Giappone Taiwan
Sharp shares climb on improved prospects for full-year profits
Sharp Corp.’s shares rose in Tokyo on an improved outlook for full-year profit results, an early sign of turnaround under Taiwan’s Hon Hai Precision Industry Co., its new owner. The stock climbed by 10.64 percent to ¥156 in Tokyo trading Wednesday. Sharp anticipates full-year operating profit and net income to ...
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Giappone
Mitsubishi Heavy to scale down shipbuilding business
Mitsubishi Heavy Industries Ltd. said it will scale down its shipbuilding operations by withdrawing from the money-losing large passenger ship business. The company said Tuesday it will concentrate on building small- and medium-size passenger vessels and passenger-cargo ferries, and is considering spinning off that business. It said it is already ...
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Giappone
Global money flees Japan stocks at fastest pace since 1987
International equity investors are giving up on Japan. After dumping their Tokyo stock holdings for four of the past five months, foreigners are on track for their biggest annual exodus since 1987. Back then, they were fleeing bubbly valuations and the Black Monday crash. This time, they’re fed up with ...
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Giappone
Suicide of overworked woman, 24, prompts ad giant Dentsu to trim overtime hours
The suicide of a woman who worked excessive hours at Japan’s biggest advertising agency has prompted the company to lower the amount of overtime employees can book. From November, workers at Dentsu Inc. won’t be able to log more than 65 hours of overtime a month — down from the ...
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Giappone
Airport operator rights could go to private sector
A Finance Ministry panel is set to recommend that the government sell the rights to run state-managed airports to private firms while retaining ownership of the facilities, Jiji Press has learned. The Fiscal System Council is expected to make the proposal, designed to help shore up the country’s economic growth ...
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Giappone
EU leaders to call for trade deal with Japan by end of year
European Union leaders plan to call for accelerated negotiations to reach a free trade agreement with Japan “by the end of the year” when they meet this week, according to a draft statement seen by Kyodo News. In the statement, dated Monday, the leaders ask the European Commission “to actively ...
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Giappone
Seaplanes touted as tourism lifeline in regional Japan
Seaplanes used to be a common form of transport in the Japanese archipelago, with scheduled cargo and passenger flights operating mainly in western Japan until the mid-1960s. But as shinkansen trains and regional airports, which enable faster transport links with greater capacity, developed, seaplanes were phased out. Decades later, however, ...