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India
Hindustan Unilever looking for buyers for its atta, rice, salt business
The firm has appointed investment bankers to scout for buyers, and rivals and other strategic players have been sounded out.
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Giappone
Dollar tumbles below ¥111 in London
The dollar accelerated its downswing to briefly slip below ¥111 for the first time in about 15 months in London trading Thursday morning. The greenback fell to as low as ¥110.99 at one point, according to market sources. At 9 a.m., the dollar stood at ¥111.50-60, still down steeply from ...
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Giappone
Asahi makes offer for Peroni, Grolsch beers from AB InBev
Budweiser brewer AB InBev has received a binding offer of €2.55 billion ($2.85 billion) from Asahi Group Holdings for the European beer brands Grolsch, Peroni and Meantime — a sale that is meant to address regulatory concerns about AB InBev’s mega-merger with SABMiller. The offer, if accepted following an employee ...
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Giappone
Yen surge nearly erases declines from Kuroda’s 2014 easing surprise
The yen rose to about 3 percent shy of the level it was trading at before the surprise monetary easing step the Bank of Japan took in October 2014 saw it tumble. Traders are now wondering if policymakers will seek to arrest gains that threaten to undermine years of unprecedented ...
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Giappone
Government debt fell to ¥1,044 trillion at end of 2015
Government debt totaled ¥1,044 trillion at the end of 2015, a decline of ¥9.83 trillion in the final three months of the year, the Finance Ministry said. The decrease came as the government cut back its issuance of financing bills that are designed to cover a temporary revenue shortage. Put ...
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Giappone
INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. ...
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Giappone
Adblock Plus, scourge of websites, seeks middle ground with industry
For its users, Adblock Plus stands as a bulwark against intrusive advertising. But websites dependent on advertising revenue to remain free of charge see the open source software as a scourge. Now the German firm behind Adblock Plus is taking a more conciliatory tack, reaching out to its adversaries to ...
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Giappone
Suzuki settles dispute with Volkswagen
Suzuki Motor Corp. said it has reached a settlement with Germany’s Volkswagen AG following the dissolution of their capital and business tie-up. Suzuki said Wednesday it will pay “a certain amount of money” to Volkswagen, while the German company will withdraw its damages claim against Suzuki. The settlement represents the ...
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Giappone
Critics decry radioactive leak at New York nuclear plant
A leak of radioactive material into the groundwater below a nuclear power station in New York City’s suburbs highlights a chronic problem with the nation’s atomic plants, some watchdogs said. New testing has shown that the amount of tritium in the groundwater below the Indian Point power plant in Buchanan, ...
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Giappone
Nissan logs record ¥453 billion nine-month profit on U.S., Europe sales
Nissan Motor Co. said Wednesday it logged a record-high group net profit of ¥452.84 billion for the April to December period as strong sales in North America and Western Europe more than offset weakness in emerging markets and at home. The figure marked a 33.7 percent rise from a year ...