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Vietnam
Thailand considering tougher IT tax rules
The Finance Ministry is studying plans to toughen tax collection rules for internet and technology firms like Alphabet Inc's Google, the head of the Revenue Department told Reuters, as these companies' tax affairs come under greater scrutiny in Southeast Asia.
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Giappone
Stocks tumble as yen strengthens
Stocks lost further ground Monday, pushed down by selling energized by the yen’s firming against the dollar. The 225-issue Nikkei average lost 209.46 points, or 1.25 percent, to end at 16,544.56 on the Tokyo Stock Exchange. On Friday, the key market gauge gave up 53.60 points. The Topix index of ...
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Giappone
Dollar falls below ¥100.70 in Tokyo ahead of U.S. presidential debate
The dollar eased below ¥100.70 in late Tokyo trading Monday as fresh incentives proved scarce following last week’s policy meetings by the Japanese and U.S. central banks. At 5 p.m., the dollar stood at ¥100.65-69, down from ¥100.99-101.00 at the same time Friday. The euro was at $1.1230-1234, up from ...
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Giappone
Utility venture to promote cheaper electricity payments via bitcoin
A bitcoin startup plans to join Japan’s growing ranks of power utilities and accept the cryptocurrency as payment for electricity charges, promising bills four to six percent cheaper than the competition. ResuPress Inc., a Tokyo-based startup that runs a bitcoin exchange and storage service known as Coincheck, said it will ...
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Giappone
Cabinet adopts bill to legalize maglev loans
The Cabinet on Monday adopted a bill that will allow the central government to make unsolicited loans for building Central Japan Railway Co.’s high-speed maglev line. The government hopes the bill will help get the nation’s first line for magnetically levitated trains running up to eight years ahead of the ...
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USA Giappone
Oft-delayed MRJ launches third bid to reach U.S.
A Mitsubishi Regional Jet left Nagoya Airport for the United States on Monday to complete flight tests that were pre-empted twice about a month ago by problems with its air-conditioning system. Mired in development delays, the MRJ, intended to be the nation’s first domestically produced passenger jet, left Nagoya at ...
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Giappone
Deserted Yubari tries creating new population nucleus in test case for Japan
A former coal-mining town in Hokkaido is taking unprecedented measures to combat its biggest challenge: a devastating shrinking of its population. Its success could decide the future for hundreds of other local governments waging the same battle for survival. Since its peak in the post-war economic boom of the 1960s, ...
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Giappone
Kuroda repeats he is ready to ease further if conditions are right
Bank of Japan Gov. Haruhiko Kuroda said Monday he will loosen the central bank’s monetary grip “without hesitation” if conditions make that the sensible thing to do. In a speech in Osaka, Kuroda expressed concern over falling prices as the central bank pursues its 2 percent inflation target. He said ...
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Giappone
Companies, households continue to thwart BOJ by hoarding piles of cash
Households and companies continue to hold onto cash rather than spending or investing it, highlighting the ongoing challenge to revitalize the economy. Households held ¥920 trillion ($9.1 trillion) of their assets in cash or deposits at the end of the quarter through June, the second-highest level on record, a report ...
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Giappone
Industry ministry plans market where environmental electricity credits can be traded
The industry ministry plans to form a market for trading environmental values of electricity generation using renewable sources and nuclear power in an effort to cut carbon dioxide emissions, officials said. The market will enable power companies as well as households with solar panels to buy and sell environmental values ...