EconomyLoop
where regional business news becomes global to everyone

Norway aluminum giant Norsk Hydro hit by ‘extensive’ ransom cyberattack

One of the world's biggest aluminum producers, Norway's Norsk Hydro, said Tuesday it had been hit by a ransom cyberattack of unknown origin, with hackers ... read more

 Japan Times13 minutes ago

     
Ford shifting 550 jobs to boost SUV production in Kentucky

Ford Motor Co. said Tuesday it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator vehicles ... read more

 Japan Times13 minutes ago
Number of foreign visitors to Japan rose 3.8% in February from 2018 figure

The estimated number of foreign visitors to Japan in February rose 3.8 percent from a year earlier to a record 2,604,300, but the growth in ... read more

 Japan Times6 hours ago
Dollar falls below ¥111.30 in Tokyo trading

The dollar slipped through ¥111.30 in Tokyo trading Tuesday, hurt by lower Japanese share prices.At 5 p.m., the dollar stood at ¥111.26-27, down from ¥111.48-48 ... read more

 Japan Times7 hours ago
Nissan to introduce new models in Arab world, sets sights on No. 1 in Middle East

Nissan Motor Co. is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid ... read more

 Japan Times9 hours ago
Some at Bank of Japan reportedly see price goal out of reach through 2021

Amid intense debate over the Abe government's inflation target, some officials at the Bank of Japan think the 2 percent goal will probably remain out ... read more

 Japan Times9 hours ago
Stocks end slightly lower on profit-taking

Stocks recouped most of its initial losses but failed to end higher Tuesday, pressured by selling to lock in gains after a two-session rally.The Nikkei ... read more

 Japan Times9 hours ago
Apple refreshes iPad lineup with larger entry-level model

Apple Inc. has unveiled a new iPad that's thinner and slightly larger than its current entry-level tablet.The new iPad Air will cost $499 and sport ... read more

 Japan Times9 hours ago
Tourist boom sees Japan’s urban land prices rise for first time in 27 years

The average price of all types of land in urban areas rose last year for the first time since 1992 as the growing influx of ... read more

 Japan Times9 hours ago
Lyft gets the jump on Uber, opens up its IPO road show with plan to offer 30 million shares

Lyft has officially kicked off the road show for its initial public offering, saying it plans to put more than 30 million shares up for ... read more

 Japan Times12 hours ago
U.N. patent data show Asia innovation surge, Huawei top filing firm

More than half of all international patent applications filed last year came from Asia, a further sign of innovation shifting "from west to east," the ... read more

 Japan Times18 hours ago
Hundreds of firms may be demoted in Tokyo Stock Exchange shake-up

As part of an effort to streamline markets and attract more investors, the Tokyo Stock Exchange may demote about a third of its largest listed companies and cut down the bourses it operates to three from four, according to media reports.(Japan Times)... read more

 News on Japan19 hours ago
Leopalace founder called for improper materials

A team of investigators into how a Japanese real-estate leasing company built substandard apartment buildings has found building materials were improperly substituted on the orders of the company's founder.(NHK)... read more

 News on Japan20 hours ago
Kampo Insurance eyes firms with tech edge in new ESG strategy

Japan Post Insurance is shifting its approach to sustainable investing by picking companies with a technological edge to solving global problems, its investment chief said, in a move…... read more

 Japan Today20 hours ago
Renault's Senard denies he will be 'commander' in alliance with Nissan

Renault SA Chairman Jean-Dominique Senard has reportedly said he will not be "a commander" to manage the alliance with Nissan Motor Co. and Mitsubishi Motors Corp., and that…... read more

 Japan Today20 hours ago
Walmart Japan's new CEO: Seiyu 'absolutely' not for sale

The newly appointed chief executive of Walmart Inc's Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S.…... read more

 Japan Today20 hours ago
Lyft gets jump on Uber, opens up its IPO road show, offers 30 million shares

Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of ... read more

 Japan Times20 hours ago
Probe of FAA’s oversight of Boeing 737 Max began before second crash: source

The U.S. Transportation Department began an investigation of how Boeing Co.'s 737 Max was certified to fly passengers before the latest crash in Ethiopia involving ... read more

 Japan Times21 hours ago
Alitalia faces uncertain future as easyJet quits rescue talks

The future of Alitalia was plunged further into uncertainty on Monday after British budget airline easyJet pulled out of talks to rescue the Italian carrier ... read more

 Japan Times23 hours ago
Trump to GM: Reopen or sell Ohio plant, close one in Mexico or China and ‘Bring jobs home!’

President Donald Trump is escalating his pressure on General Motors, as he calls for the company to reopen an Ohio manufacturing plant.Trump tweeted Monday that ... read more

 Japan Times23 hours ago
China hits out at ‘abnormal, immoral’ attacks on Huawei

China's foreign minister lashed out Monday at what he called "abnormal, immoral" attacks on Huawei amid growing concern, led by the U.S., that the telecom ... read more

 Japan TimesYesterday
Dollar falls below ¥111.50 in Tokyo trading

The dollar weakened below ¥111.50 in late afternoon trading Monday in Tokyo as investors retreated to the sidelines prior to the U.S. Federal Reserve's two-day ... read more

 Japan TimesYesterday
Tokyo stocks rise further on Wall Street advance

Stocks gained further ground Monday, with investor sentiment brightened by rises in U.S. equities Friday.The Nikkei 225 average climbed 133.65 points, or 0.62 percent, to ... read more

 Japan TimesYesterday
Small manufacturer in Niigata awaits fallout from China’s economic woes

In snow country along the northwest coast of Honshu, a small manufacturer of precision molds is feeling the pain of China's economic slowdown.Orders have slowed ... read more

 Japan TimesYesterday
Descente president likely to step down after successful hostile bid by Itochu

Masatoshi Ishimoto, president of sporting goods maker Descente Ltd., is likely to step down after trading house Itochu Corp. successfully completed a hostile tender offer, ... read more

 Japan TimesYesterday
New Seiyu CEO says Walmart not looking to sell its Japanese supermarket chain

The newly appointed chief executive of Walmart Inc.'s supermarket chain Seiyu denied Monday that the business is up for sale, following reports last year that ... read more

 Japan TimesYesterday
Twitter’s former CFO joins SoftBank-backed farming startup Plenty

Twitter Inc.'s former chief financial officer has joined SoftBank Group Corp.-backed Plenty Inc. in the same role as the indoor farming startup prepares for international ... read more

 Japan TimesYesterday
Japan Post Insurance eyes firms with tech edge in new ESG investment strategy

Japan Post Insurance is shifting its approach to sustainable investing by picking companies with a technological edge for solving global problems, its investment chief said, ... read more

 Japan TimesYesterday
Hundreds of firms may be demoted in Tokyo Stock Exchange shake-up

As part of an effort to streamline markets and attract more investors, the Tokyo Stock Exchange may demote about a third of its largest listed ... read more

 Japan TimesYesterday
Japan’s exports slump again on weak external demand, putting central bank on notice

Exports fell in February for the third straight month, a sign the trade-reliant economy is under growing strain and suggesting that the Bank of Japan ... read more

 Japan TimesYesterday
Nissan-Renault-Mitsubishi alliance needs simpler decision-making, French automaker chief says

Renault, Nissan and Mitsubishi Motors need to streamline the alliance's decision-making processes, Renault SA Chairman Jean-Dominique Senard said in an interview with the French newspaper ... read more

 Japan TimesYesterday
Shared work spaces catch on with urban Japanese seeking a better work-life balance

More companies in Japan are turning to shared office space to shorten employees' commuting times and offer them a better work-life balance.Shared spaces are also ... read more

 Japan TimesYesterday
Panel calls for outside directors to bolster Nissan governance

Nissan Motor Co. will leave vacant the chairman’s post previously held by Carlos Ghosn and may even abolish the position to improve oversight at the automaker, sources said March 17. The Yokohama-based company... read more

 Asahi SimbunYesterday
Japan exports fall for 3rd straight month on waning external demand

Japan's exports fell for a third straight month in February in a sign of growing strain on the trade-reliant economy from slowing external demand and a Sino-U.S. tariff…... read more

 Japan TodayYesterday
Women face greater threat from job automation than men

Women across the economic spectrum are more vulnerable than men to losing their jobs to technology, according to a study released last week by the Institute for Women's…... read more

 Japan TodayYesterday
On Japan Sea coast, small firm feels effects of China's economic woes

In snow country along Japan's northern coast, a small manufacturer of precision moulds is feeling the pain of China's economic slowdown. Orders have slowed to a trickle at…... read more

 Japan TodayYesterday
Nissan governance improvement panel to release proposals on March 27

A Nissan Motor Co. committee tasked with improving the automaker's governance said Sunday it will release a set of proposals on March 27.The committee, formed ... read more

 Japan Times2 days ago
Era change brings Y2K-like computer dilemma to Japan

Companies in Japan have a little more than six weeks to revamp their computer software to respond to the country's first era change in the ... read more

 Japan Times2 days ago
Streaming wars heat up as rivals prepare to challenge Netflix

Some of the biggest names in media and tech are gearing up to move into streaming in what could be a major challenge to market ... read more

 Japan Times2 days ago
Forget consumption tax hike and give structural reform another try: former economy chief Heizo Takenaka

Prime Minister Shinzo Abe should again abandon his oft-delayed plan to hike the consumption tax this year because it risks pushing Japan's economy into recession ... read more

 Japan Times2 days ago
Frugal consumers, higher costs take fizz out of Japan's food stocks

Japan’s food firms, once seen as a rare group of winners in the country’s fight against deflation, are falling out of favor with investors as consumers reject price…... read more

 Japan Today2 days ago
China should learn from Japan's lost decade: former official

China needs to learn lessons from Japan’s lost decade to ensure the world’s second-largest economy does not suffer similar problems, former central bank governor Zhou Xiaochuan said. Debt…... read more

 Japan Today2 days ago
Japanese companies remain wary in wake of Brexit delay vote

Japanese companies remain vigilant after the U.K. Parliament on Thursday voted to extend the March 29 deadline for the country's exit from the European Union ... read more

 Japan Times3 days ago
Trump’s trade war cost U.S. economy $7.8 billion in 2018, study says

President Donald Trump's trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, according to a study by a team ... read more

 Japan Times3 days ago
Co-pilot with All Nippon Airways unit found to be over alcohol limit, delaying another flight

All Nippon Airways Co. said Friday an international flight run by a group company was delayed the same day after a breath test showed the ... read more

 Japan Times3 days ago
Honda says any Brexit delay must be long enough to give stability

Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a "worst-case scenario" no-deal Brexit after…... read more

 Japan Today3 days ago
Apple infringed three Qualcomm patents, jury finds

Mobile phone chip supplier Qualcomm on Friday won a legal victory against iPhone maker Apple, with a jury in federal court in San Diego finding ... read more

 Japan Times3 days ago
Trump’s auto tariff threat ‘makes me sad,’ Toyota chief Akio Toyoda says

Toyota Motor Corp. President Akio Toyoda on Friday lamented U.S. President Donald Trump's threat to impose hefty tariffs on automobile imports, including those from Japan.Underscoring ... read more

 Japan Times3 days ago
China's moves on foreign investment help shore up markets

LONDON--Hopes that the U. S. and China will resolve their trade dispute as Beijing tweaked rules on foreign investment has helped shore up global stock markets on Friday. Following a week dominated by Brexit... read more

 Asahi Simbun3 days ago
7-Eleven store to continue operating under shorter business hours

A 7-Eleven convenience franchisee who shortened the store's business hours to 6 a.m. - 11 p.m. on Feb 1 will continue to operate those hours after the company told him it would not cancel his contract or issue a penalty. (Japan Today)... read more

 News on Japan3 days ago