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Giappone
Dollar firmer above ¥108 in Tokyo amid Trump fiscal stimulus hopes
The dollar was firmer above ¥108 in Tokyo trading on Tuesday, supported by lingering hopes for fiscal stimulus by U.S. President-elect Donald Trump. At 5 p.m., the dollar stood at ¥108.12-13, up from ¥107.64-65 at the same time Monday. The euro was at $1.0770-0771, down from $1.0783-0783, and at ¥116.45-45, ...
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Giappone
Abe ponders whether to follow Trump’s lead on fiscal stimulus
While Donald Trump is set to inject a dose of fiscal medicine into the world’s biggest economy, any move by Shinzo Abe to further strengthen Japan’s fiscal stimulus program faces the challenge of disappointing tax receipts and a record debt burden. The government already plans to spend ¥100 trillion this ...
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Giappone
Nikkei snaps three-session winning streak on profit-taking
The benchmark Nikkei average snapped its three-session winning streak on the Tokyo Stock Exchange Tuesday, hit by profit-taking after its recent sharp gains. The 225-issue Nikkei average lost 4.47 points, or 0.03 percent, to end at 17,668.15. On Monday, the key market gauge surged 297.83 points. The Topix index of ...
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Giappone
Government panel calls for review of spousal tax break
A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is “appropriate” to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted from taxable income if the taxpayer’s ...
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Giappone
Combined first-half net profit of Japan’s five major banking groups falls 9.8%
Combined group net profits at five of the nation’s major banking groups in April-September dropped 9.8 percent from a year earlier to ¥1.39 trillion, according to earnings reports released up to Monday. The lower earnings reflect a fall in domestic loan revenues due to the Bank of Japan’s negative interest ...
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Brasile Giappone
Dentsu rides wave of solid earnings connected to Rio Olympics
Advertising giant Dentsu Inc. reported solid group earnings Monday for the January to September period due to brisk ad revenue on the back of the Rio de Janeiro Olympics and Paralympics this summer. Although a simple year-on-year comparison is difficult as Dentsu has changed its accounting period, its overall revenue ...
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Colombia Giappone
Abe to meet Colombian president on APEC sidelines in Peru: source
Prime Minister Shinzo Abe and Colombian President Juan Manuel Santos are planning to hold talks on the sidelines of regional gatherings in Peru this weekend, a Japanese government source said Monday. The two are expected to aim for a breakthrough in negotiations toward a Japan-Colombia economic partnership agreement, which have ...
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Giappone
SoFi expands into life insurance through deal with Protective Life
Social Finance Inc., a fast-growing online lender that focuses on high-earning millennials, is broadening its offerings to include life insurance. The startup, known as SoFi, will join with Protective Life Corp., a unit of Japan’s Dai-ichi Life Holdings Inc., to provide up to $1 million in term-life insurance to its ...
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Cina USA Giappone Hong Kong
Hong Kong tycoon’s FWD poised to buy AIG unit in first Japan foray
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance. AIG will continue to offer property-casualty coverage in the Asian country, the New York-based company said Monday in a statement ...
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Giappone
Facebook had tool to weed out fake news: report
Facebook had a tool to weed out fake news circulating on the social network this year but declined to deploy it for fear of offending conservatives, a report said Monday. The report by the online news site Gizmodo comes with Facebook under fire for allowing hoaxes and misinformation to go ...