Business
Mitsui & Co. to buy 10% stake in $5.5 bil. UAE natural gas project
Japanese trading house Mitsui & Co. said Thursday it will buy a 10 percent stake in a $5.5 billion liquefied natural gas project in the United Arab Emirates as part of efforts to ensure a stable supply of the natural resource for Japan. The project, which will start production in… Read
Nikkei stock index tops 42,000 for 1st time on tech gains
The Nikkei stock index rose above the 42,000 mark for the first time Thursday, boosted by buying of Apple Inc. suppliers and other technology issues as well as optimism about corporate earnings. The 225-issue Nikkei Stock Average gained 347.85 points, or 0.83 percent, from Wednesday to 42,179.84, after climbing to… Read
Momotaro Jeans launches rebrand to become a global denim brand from Japan
Momotaro Jeans, renowned for creating the finest work of denim by melding the exquisite craftsmanship of Kojima, Okayama, will launch a rebrand to further expand as a global denim brand from Japan. To promote the allure of Japanese Denim both domestically and internationally, we will open a new store "MOMOTARO… Read
Toyota investing in EV charging network Ionna
Toyota says it's investing in Ionna, teaming with seven other automakers to support the company's implementation of its charging network for battery electric vehicles across North America. The investment announced Wednesday gives Toyota and Lexus customers access to the public network of DC fast chargers Ionna will start deploying later… Read
CNN plans to launch paid streaming service
CNN, which has struggled amid the decline of the U.S. cable broadcasting industry, plans to launch a new paid streaming service and to cut about 100 jobs, the company's CEO said Wednesday. The network, which once set the pace in cable news, aims for its new $1 billion-plus subscription news… Read
Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on Fed
Shares were mixed in Asia, while Tokyo’s Nikkei 225 index closed at another record high Wednesday as investors awaited further comments by Federal Reserve Chair Jerome Powell before Congress. The Japanese benchmark gained 0.6% to end trading at 41,831.99. It also had a record close on Tuesday, and hit an… Read
Samsung union declares 'indefinite' strike
A union representing tens of thousands of workers at Samsung Electronics in South Korea said Wednesday it would extend a three-day strike indefinitely in a bid to force management to negotiate. "(We) declare a second indefinite general strike from July 10, after learning that the management has no willingness to… Read
Stock market today: Japan's Nikkei 225 index logs record close, as markets track rally on Wall St
Asian shares were mostly higher Tuesday, with Tokyo's benchmark hitting another record, after Wall Street benchmarks reached more milestones. Japan's benchmark Nikkei 225 jumped 2.0% to finish at a record high 41,580.17. It briefly topped previous intraday trading highs. Technology-related shares led gains, with computer chip maker Tokyo Electron surging… Read
Boeing accepts plea deal to avoid a criminal trial over 737 Max crashes
Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the Justice Department said. Federal prosecutors gave Boeing the… Read
Japan real wages down 1.4% in May, 26th monthly fall despite hikes
Japan's real wages in May fell 1.4 percent from a year earlier, declining for a record 26th straight month, as the sharpest base wage growth in 31 years was offset by inflation, government figures showed Monday. The drop in May was larger than a revised 1.2 percent fall in April,… Read
