EconomyLoop
where regional business news becomes global to everyone

Project cost of California bullet train soars to $77 billion; opening delayed by four years

The projected cost of California's bullet train between San Francisco and Los Angeles has jumped to $77 billion and the completion date has been pushed ... read more

 Japan Times47 days ago

     
Under pressure from allies, U.S. eases way for exemptions on just-imposed steel, aluminum tariffs

The United States opened the way for more exemptions from its steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from ... read more

 Japan Times47 days ago
U.S. adds most new jobs in a year; unemployment steady

The U.S. employment engine roared in February, adding more new jobs than any month in more than a year as robust hiring picked up in ... read more

 Japan Times47 days ago
How Trump’s ‘no exemptions’ tariff plan got carve-outs

In the space of a week, U.S. President Donald Trump's tariffs on steel and aluminum went from a "no exemptions" plan to one filled with ... read more

 Japan Times47 days ago
Australia set to secure exemption from U.S. tariffs

U.S. President Donald Trump said on Friday he has spoken with Australian Prime Minister Malcolm Turnbull and that they are working on an agreement so ... read more

 Japan Times47 days ago
Wynn Resorts settles lawsuit for $2.4 bil with Tokyo company

Wynn Resorts has agreed to pay $2.4 billion in a settlement with a Tokyo casino game maker and its U.S. unit over the forced redemption of their shares in the Las Vegas-based casino operating company in 2012. (Japan Today)... read more

 News on Japan47 days ago
Data server centers head north to embrace the chill

In the coastal Hokkaido city of Ishikari, a large warehouse-like building was built on about 50,000 square meters of land near the water. It might as well be in the middle of nowhere. There are few cars,... read more

 Asahi Simbun47 days ago
'Booth babes' on verge of extinction at Geneva Motor Show

Long synonymous with scantily-clad women draped over pricy vehicles, this year's Geneva Motor Show is almost void of "booth babes", as automakers strive to polish their images following…... read more

 Japan Today47 days ago
Wynn Resorts settles lawsuit for $2.4 bil with Tokyo company

Wynn Resorts has agreed to pay $2.4 billion in a settlement with a Tokyo casino game maker and its U.S. unit over the forced redemption of their shares…... read more

 Japan Today47 days ago
Kobe Steel names new CEO after fake data scandal

Japanese steelmaker Kobe Steel named a new CEO on Friday and pledged "fundamental reforms" in the wake of a scandal over fake strength and quality data it submitted…... read more

 Japan Today47 days ago
Dollar tops ¥106.50 in Tokyo on U.S.-North Korea news

The dollar advanced above ¥106.50 in Tokyo trading on Friday, with geopolitical concern over the Korean Peninsula eased by news that U.S. President Donald Trump ... read more

 Japan Times47 days ago
Tokyo stocks extend gains as trade war concerns recede

Stocks closed higher after losing much of their early gains on the Tokyo Stock Exchange on Friday as concerns over a global trade war receded ... read more

 Japan Times48 days ago
Cautious BOJ holds line on monetary policy

Bank of Japan Gov. Haruhiko Kuroda said Friday it is still premature to start any discussion on the timing of an exit from the ultra-loose ... read more

 Japan Times48 days ago
Trump’s steel tariffs seen putting U.S. further away from TPP free trade deal

U.S. President Donald Trump's decision to impose tariffs on steel and aluminum imports has increased the distance between Washington and the Trans-Pacific Partnership free trade ... read more

 Japan Times48 days ago
Vietnam bumps Thailand down to third place in survey of interest among Japanese businesses

Interest in Vietnam among Japanese companies continues to grow, boosting the Southeast Asian country to the second spot, right behind China, for the first time ... read more

 Japan Times48 days ago
Yamaguchi named Kobe Steel’s new CEO in wake of fake data scandal

Steel-maker Kobe Steel on Friday named a new CEO and pledged "fundamental reforms" in the wake of a scandal over fake strength and quality data ... read more

 Japan Times48 days ago
Asia shares firm as Trump agrees to meet North Korea leader

SYDNEY--Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U. S. President Donald Trump agreed to a meeting... read more

 Asahi Simbun48 days ago
Marshall Islands creates virtual money in bid to raise hard cash

The tiny Marshall Islands has created its own digital currency in order to raise some hard cash to pay bills and boost the economy.The Pacific ... read more

 Japan Times48 days ago
Olympics hack highlights emerging ‘false flags’ threat: researcher

The "Olympic Destroyer" computer virus used to attack last month's Pyeongchang Winter Games was embedded with forged code to make investigators believe the attack was ... read more

 Japan Times48 days ago
China, Japan, S. Korea bristle over U.S. steel, aluminum tariffs

Major Asian nations reacted sharply to U. S. President Donald Trump's decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to close relations amid industry calls for retaliation. Japan... read more

 Asahi Simbun48 days ago
Japan to ask U.S. to be exempted from steel, aluminum tariffs

Japan's top government spokesman said on Friday that Japan would continue to ask the United States to exempt it from Washington's plan to impose tariffs on imports of steel and aluminum. Chief Cabinet Secretary... read more

 Asahi Simbun48 days ago
Trump rolling out big trade tariffs, sparing Mexico, Canada

WASHINGTON--After a week of hints and uncertainty, U. S. President Donald Trump said Thursday he would announce tariffs on imported steel and aluminum but with temporary exemptions for Canada and Mexico... read more

 Asahi Simbun48 days ago
11 Asia-Pacific nations sign sweeping trade pact without U.S.

SANTIAGO, Chile--Trade ministers from 11 Pacific Rim countries signed a sweeping free trade agreement Thursday to streamline trade and slash tariffs just hours before U. S. President Donald Trump announced... read more

 Asahi Simbun48 days ago
Trump meets ‘Doom’ maker and other video game execs over violent content

U.S. President Donald Trump met on Thursday with the makers of popular video games "Grand Theft Auto" and "Doom" to discuss what the president believes ... read more

 Japan Times48 days ago
11 states, minus U.S., sign TPP in free-trade push in face of protectionist Trump

The 11 countries remaining in the Trans-Pacific Partnership after the pullout of the United States signed the revised trade pact on Thursday, in a show ... read more

 Japan Times48 days ago
Japanese household spending rises in January

Japan's household spending rose 2.0 percent in January from a year earlier, according to government data released Friday, suggesting demand is gradually recovering in the world's third-largest economy.…... read more

 Japan Today48 days ago
Amid GOP outcry, Trump rolls out big trade tariffs but spares Mexico and Canada, for now

WASHINGTONUnswayed by Republican warnings of a trade war, President Donald Trump ordered steep new tariffs on steel and aluminum imports to the U.S. on Thursday, ... read more

 Japan Times48 days ago
False news 70% more likely to spread on Twitter, driven more by people than ‘bots’: study

False news stories spread much more quickly and widely on Twitter than truthful ones, an imbalance driven more by people than automated "bot" accounts, researchers ... read more

 Japan Times48 days ago
'Dieselgate' sees Toyota gain in Europe

An auto industry turning away from diesel and European drivers increasingly favouring hybrid cars: add it up and the result is clear -- advantage Toyota. The Japanese company…... read more

 Japan Today48 days ago
Ricoh reportedly to cut 4,000 jobs at home, Europe

Ricoh Co Ltd plans to cut about 4,000 jobs as early as fiscal year 2019 to streamline its struggling, core office-equipment business, the Nikkei reported on Thursday. The…... read more

 Japan Today48 days ago
China's February exports surge, trade surplus widens

China's exports surged in February while its politically sensitive trade surplus widened amid mounting tension with Washington. Exports rose 44.5 percent over a year earlier to $171.6 billion,…... read more

 Japan Today48 days ago
GDP grew at much faster annual rate of 1.6% in October-December quarter

The economy grew at a much faster than initially reported annualized rate of 1.6 percent in the October-December period, thanks to robust corporate spending freshly ... read more

 Japan Times49 days ago
Dollar nears ¥106 in Tokyo ahead of BOJ, ECB meetings

The dollar was modestly firmer near ¥106 in Tokyo trading Thursday ahead of a policy-setting meeting of the European Central Bank and other key events.At ... read more

 Japan Times49 days ago
Nikkei rebounds as trade war fears recede

The Tokyo Stock Exchange bounced back Thursday as investor worries about a trade war eased to some extent.The 225-issue Nikkei average gained 115.35 points, or ... read more

 Japan Times49 days ago
Japan’s Eisai agrees with U.S.-based Merck on potential $5.76 billion cancer drugs deal

Eisai Co. and U.S.-based Merck & Co. said Thursday they have agreed to jointly develop cancer drugs for global sales, with the Japanese pharmaceutical firm ... read more

 Japan Times49 days ago
New Tokyu Plaza Shibuya plans opening in autumn 2019

In a bustling district where youths congregate, the new Tokyu Plaza shopping complex will target “mature adults” when it reopens in autumn 2019 adjacent to Shibuya Station, where its landmark complex formerly... read more

 Asahi Simbun49 days ago
Nissan in talks to buy France’s Renault stake in merger prelude

Renault SA and alliance partner Nissan Motor Co. are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of ... read more

 Japan Times49 days ago
Japan penalizes cryptocurrency exchanges after hack

The Japanese government is slapping penalties on several cryptocurrency exchanges in the country, after 58 billion yen ($530 million) of virtual coins were lost earlier this year from hacking. The Financial... read more

 Asahi Simbun49 days ago
Financial regulator punishes 7 cryptocurrency exchanges after hack

Japanese authorities Thursday ordered two cryptocurrency exchanges to suspend operations as part of a clampdown following a massive hack that saw thieves steal hundreds of millions of dollars…... read more

 Japan Today49 days ago
Japan steel industry wants to be excluded from U.S. import curbs

Japan's steel industry wants the country to be excluded from any U.S. import curbs as steel from Japan poses no threat to the U.S. national security, the head…... read more

 Japan Today49 days ago
TEPCO sees renewable energy as core business, president says

Tomoaki Kobayakawa, president of Tokyo Electric Power Company Holdings Inc (TEPCO), says the company will promote its renewable energy business as new a core business both in and…... read more

 Japan Today49 days ago
Anatomy of a bitcoin transaction: Buying a used Subaru

Bitcoins can buy you a TAG Heuer watch, a cross-country flight or a meatball marinara sub. But really, how does it work? Purchases with bitcoin and other digital…... read more

 Japan Today49 days ago
Jane Walker to replace Johnnie Walker on some scotch bottles

It's not the alcohol playing tricks on your eyes: The striding figure on some bottles of Johnnie Walker scotch will be Jane Walker. Liquor maker Diageo says it…... read more

 Japan Today49 days ago
EBay to buy Qoo10 Japan, other assets from Giosis

EBay Inc said on Tuesday it would buy Giosis Pte Ltd's Japanese business, including the Qoo10 online shopping platform, to expand its presence in Asia's second-largest economy. Giosis,…... read more

 Japan Today49 days ago
Australia recalls 2.3 million vehicles over Takata airbag problems

Australia announced the compulsory recall of 2.3 million vehicles Wednesday due to problems with faulty Takata airbags that have caused at least 23 deaths worldwide. The government intervention…... read more

 Japan Today49 days ago
January oil product sales hit lowest for month in 30 years

Japan's total oil sales fell to their lowest in at least three decades for the month of January, data showed on Wednesday, amid a continued decline in consumption…... read more

 Japan Today49 days ago
Toyota to build new Auris car at UK plant in Brexit boost for PM May

Toyota said on Wednesday it will build the next generation of its Auris car in England in a welcome boost to Prime Minister Theresa May as Britain leaves…... read more

 Japan Today49 days ago
Job-hunting season begins for Japanese university students

Job fairs were held across Japan on Thursday, kicking off the job-hunting season for students graduating from universities next spring. The months-long recruitment process can make or break…... read more

 Japan Today49 days ago
Trump says U.S. to impose steep tariffs on steel, aluminum imports

President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China…... read more

 Japan Today49 days ago
Japan's jobless rate at lowest in nearly 25 years

Japan's jobless rate stood at 2.4 percent in January, the lowest in nearly 25 years, official data showed Friday, a major boost for the world's third-largest economy. The…... read more

 Japan Today49 days ago