Wednesday May 23, 2012

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JAPAN NEWS AND DISCUSSION

Bank of Japan keeps ultra-low rates unchanged

May. 23, 2012 - 12:43PM JST ( 5 )

The Bank of Japan on Wednesday kept its key interest rate unchanged at between zero and 0.1% and said it would also leave a 70… Read

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Apple's Cook top-paid U.S. CEO in 2011

Business May. 22, 2012 - 07:07AM JST ( 11 Comments )

Apple chief executive Tim Cook topped the list of the best-paid CEOs in the U.S. in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street… Read

IHI consortium wins order to build thermal power plants in Taiwan

Business May. 22, 2012 - 06:26AM JST ( 1 Comment )

IHI Corp, CTCI Corp, Sumitomo Corp and Toshiba Corp have been jointly awarded from Taiwan Power Company (Taipower) the contract for engineering, procurement and construction of two power generating units at Talin Thermal Power Plant… Read

China firm buys AMC to create cinema giant

Business May. 22, 2012 - 04:31AM JST ( 1 Comment )

Wanda, a property firm owned by one of China's richest men, said Monday it would buy U.S. cinema chain AMC Entertainment for $2.6 billion, in a sign of China's growing clout in the entertainment business.… Read

Japan shares end mixed

Business May. 21, 2012 - 03:15PM JST ( 0 Comments )

Japanese shares closed mixed on Monday, with the headline Nikkei index staging a small rally after tumbling last week on eurozone worries, brokers said. The Nikkei 225 index at the Tokyo Stock Exchange gained 0.26%… Read

Qantas slashes 500 jobs as part of restructuring

Business May. 21, 2012 - 11:54AM JST ( 0 Comments )

Embattled Australian flag carrier Qantas said it will axe 500 jobs in its heavy maintenance and engineering operations as part of a restructuring to help slash costs. Monday's move follows an 83 percent slump in… Read

China grants more quotas for rare earth exports

Business May. 21, 2012 - 05:45AM JST ( 2 Comments )

China, which is locked in a dispute with major trading partners over its control of rare earth minerals, has announced additional export quotas for this year. The Ministry of Commerce said it would allow companies… Read

Toyota to boost engine production capacity in Alabama

Business May. 21, 2012 - 05:08AM JST ( 0 Comments )

Toyota Motor Corp says that Toyota Motor Manufacturing, Alabama, Inc plans to increase engine production capacity and begin production of the 3.5-liter V6 2GRengine in March 2014 to meet growing demand. TMMAL is to boost… Read

Japan shares expected to be volatile this week

Business May. 20, 2012 - 06:08AM JST ( 3 Comments )

Japanese shares could for a rocky ride this week after losing nearly 3% Friday as ratings downgrades on Greece and Spanish banks spooked investors, piling pressure on the euro, analysts said. In the week to… Read

Marubeni has eye on China with Gavilon bid

Business May. 19, 2012 - 12:00PM JST ( 0 Comments )

Japan's biggest potential investment in U.S. agriculture can be summed up in a single word: China. Marubeni's interest in buying U.S. grains merchant Gavilon to help provide grain to its hungry Asian neighbor would be… Read

Japan 10-year bond yield falls to lowest since 2003

Business May. 19, 2012 - 06:36AM JST ( 1 Comment )

The interest rate that Japan pays on its government-issued bonds fell to its lowest level since 2003 on Friday, as public borrowing costs surged in Europe on worries over its fiscal woes. The yield on… Read

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