Category: Business

Dollar recedes below ¥112.70 in late Tokyo trading

The dollar gave up its early gains to slip below ¥112.70 in Tokyo trading late Thursday, as traders moved to lock in profits. At 5 p.m., the dollar stood at ¥112.67-67, still up from ¥112.51-51 at the same time Wednesday. The euro was at $1.1813-1814, up from $1.1761-1761, and at ¥133.10-12, up from ¥132.33-33. The

Nikkei marks longest win streak in nearly 30 years

The benchmark Nikkei average rose for the 13th straight session Thursday on the Tokyo Stock Exchange, marking its longest string of gains since February 1988, backed by strong U.S. equities. The Nikkei 225 average gained 85.47 points, or 0.40 percent, to end at 21,448.52, its best finish since Oct. 18, 1996. The key market gauge

Japan logs goods trade surplus for fourth consecutive half

Japan’s September trade surplus expanded nearly 40 percent from a year earlier as exports of cars and chemical products surged on brisk demand from major trading partners, the government said Thursday. The world’s third-largest economy logged a surplus of ¥670.2 billion ($5.9 billion), up 37.7 percent from a year earlier, according to data from the

Japan’s trade surplus expanded strongly in September, surging 37.7% to ¥670 billion

Japan’s September trade surplus expanded nearly 40 percent from a year earlier as exports of cars and chemical products surged on brisk demand from major trading partners, the government said Thursday. The world’s third-largest economy logged a surplus of ¥670.2 billion ($5.9 billion), up 37.7 percent from a year earlier, according to data from the

Kobe Steel allegedly passed down how-to memos detailing deceptive practice for years

Former employees of Kobe Steel Ltd. revealed Wednesday how the firm systematically shipped products that did not meet specifications without notifying clients for years, with one saying memos had been passed down detailing how to carry out the deceptive practice. The former employee, who worked at the steelmaker’s aluminum and copper division in the 1990s,

Keizai Doyukai chief warns of stock price bubble as TSE, Dow surge

Japanese business leader Yoshimitsu Kobayashi on Wednesday warned of “a possible stock market bubble,” citing recent equity price surges. Monetary easing worldwide has led to stock price rises in many countries as “the surplus money had nowhere else to go,” Kobayashi, chairman of the Japan Association of Corporate Executives (Keizai Doyukai), told a press conference.

CNN first to get FAA waiver to fly drones over crowds

WASHINGTON – CNN received a waiver allowing routine drone flights above crowds, a milestone for the industry seeking greater use of the remote-controlled devices for everything from insurance inspections to covering news. The approval is the first time the U.S. Federal Aviation Administration has granted a waiver for unlimited flights over people, the news network

EU air safety body urges halt to use of Kobe Steel products

The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products when possible. The recommendation on the agency’s website follows the company’s admission that it has faked inspections data on products sold to hundreds of companies. The agency said companies should thoroughly review their supply chains to identify “suspected unapproved parts”