EconomyLoop
where regional business news becomes global to everyone

Itochu joins with National Cancer Center to battle disease

Major trading company Itochu Corp. will boost support for employees with cancer and their families by working closely with the National Cancer Center in Tokyo. Itochu hopes to detect cancer in the early... read more

 Asahi Simbun31 minutes ago

     
Up from the ashes: Samsung unveils successor to Note 7 phone

NEW YORK--Samsung is trying to move past last year's disastrous Galaxy Note 7 launch with a successor sporting a dual-lens camera, animated messages, expanded note-taking--and lower battery capacity. The... read more

 Asahi Simbun1 hour ago
Grocery wars seen heating up as Amazon gets U.S. FTC, shareholder nods to acquire Whole Foods

Amazon.com Inc. on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc, with approvals ... read more

 Japan Times4 hours ago
Toshiba prioritizes talks with Western Digital on chip business sale

Toshiba Corp. is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously preferred bidder, sources familiar with the matter said on Wednesday. The... read more

 Asahi Simbun5 hours ago
Montreal mayor not worried that flights to Japan will boost foreign home sales

The mayor of Montreal expects Air Canada's decision to introduce direct year-round service to Japan will increase foreign real estate purchases but he's not worried it will lead to price spikes seen in Toronto and Vancouver. (ctvnews.ca)... read more

 News on Japan6 hours ago
Restaurants to receive subsidies to set up separate smoking areas

The Health, Labor and Welfare Ministry intends to subsidize part of the costs that restaurants, cafes and other eating establishments incur to set up rooms or spaces exclusively for smoking, starting next fiscal year. (the-japan-news.com)... read more

 News on Japan6 hours ago
Japan to simplify some procedures for biz launches

Japan's Internal Affairs and Communications Ministry will simplify as early as fiscal 2019 tax-related procedures that entrepreneurs must go through to set up companies, officials said Wednesday. (Jiji)... read more

 News on Japan6 hours ago
Toyota, steelmakers agree to cut steel metal prices

Toyota Motor Corp. has agreed with major steelmakers to lower prices for steel sheet in the April-September period, the first price cut in 18 months, ... read more

 Japan Times7 hours ago
U.S. debt rating in doubt, Fitch warns

The top 'AAA' long-term debt rating of the United States will be in danger if lawmakers do not raise borrowing limits in a timely fashion, ratings agency Fitch…... read more

 Japan Today8 hours ago
Warming Arctic spurs battles for riches, shipping routes

From a distance, the northern shores of Baffin Island in the Arctic appear barren — a craggy world of snow-capped peaks and glaciers surrounded by a sea of…... read more

 Japan Today8 hours ago
Fukushima food exports to Malaysia rise as radiation stigma fades

Fukushima Prefecture aims to export 100 tons of rice and 15 tons of peaches to Malaysia by next year, its governor said Wednesday, evidence of fading concern over…... read more

 Japan Today8 hours ago
Trump government shutdown threat over Mexico wall funds draws flak, sends markets south

President Donald Trump's threat to shut down the U.S. government to secure funding for a border wall rattled markets, drew criticism from his fellow Republicans ... read more

 Japan Times8 hours ago
Mississippi shipyard contracted to repair collision-damaged USS Fitzgerald

A U.S. Navy destroyer damaged in a June collision that killed seven sailors will be repaired at a Mississippi shipyard, the Navy announced Wednesday.The USS ... read more

 Japan Times8 hours ago
ExxonMobil alarmed by warming since 1970s but paid press to mislead: peer-reviewed study

U.S. oil giant ExxonMobil knowingly misled the public for decades about the danger climate change poses to a warming world and the company's long-term viability, ... read more

 Japan Times8 hours ago
Outed ex-CIA agent Plame wages campaign to buy Twitter to silence Trump’s tweets

Valerie Plame Wilson, a media savvy former undercover CIA agent, has launched an improbable crowdfunding campaign to buy Twitter, in order to take away Donald ... read more

 Japan Times8 hours ago
Ousted Venezuela top prosecutor attends Mercosur meeting, accuses Maduro of Odebrecht-linked corruption

Venezuela's recently ousted chief prosecutor on Wednesday accused President Nicolas Maduro of participating in acts of corruption, saying she would turn over proof that would ... read more

 Japan Times9 hours ago
For foreign companies in Japan, adapting to local culture seen as key to success

Adjusting to culture in Japan is often a challenge for foreign residents. The same goes for foreign companies.Some global retailers have entered the Japanese market ... read more

 Japan Times20 hours ago
Toshiba in intensive talks with Western Digital over sale of chip unit

After months of wrangling and legal proceedings in the U.S., Toshiba Corp. has held intensive talks with partner Western Digital Corp. on the planned sale ... read more

 Japan Times20 hours ago
Nikkei snaps five-session losing streak on Wall Street rise

The benchmark Nikkei average snapped a five-session losing streak on the Tokyo Stock Exchange Wednesday, supported by Wall Street's gain overnight.The 225-issue Nikkei average rose ... read more

 Japan Times20 hours ago
Dollar slashes gains in Tokyo after Trump comment on government shut-down

The dollar nearly wiped out its early gains to move around ¥109.40 in Tokyo trading late Wednesday after U.S. President Donald Trump reportedly threatened to ... read more

 Japan Times20 hours ago
Japan Tobacco targets emerging markets with fewer health controls as rivals go high-tech

While most tobacco companies have embraced smokeless products to survive ever-tightening controls, the Japanese maker of Winston and Camel cigarettes is pressing ahead with a ... read more

 Japan Times21 hours ago
Thinking the unthinkable: Japan’s stocks slip free of yen’s grip

It's still early, but there are signs Japan's equity market is approaching escape velocity when it comes to a force that has entranced it for ... read more

 Japan Times23 hours ago
Ford, Chinese partner look at possible electric car venture

BEIJING--Ford Motor Co. and a Chinese automaker said Tuesday they are looking into setting up a joint venture to develop and manufacture electric cars in China. Ford's potential venture with Anhui Zotye... read more

 Asahi SimbunYesterday
Fujitsu to sell cellphone arm, may accept bids from September

Fujitsu Ltd. is looking to offload its struggling cellphone business and will start accepting acquisition bids as early as September, sources said. Potential suitors will likely include U. S. and European... read more

 Asahi SimbunYesterday
Japan’s eateries, karaoke spots increasingly catering to solo patrons

Japan is witnessing an expansion of businesses catering to solo customers, including restaurants and even karaoke spots targeting patrons who value privacy and minimal human ... read more

 Japan TimesYesterday
800 out of 80,000 so far sign up as Jordan opens first job center inside Syrian refugee camp

Jordan has opened its first job center inside a refugee camp, unlocking work opportunities across the country for thousands living in the world's largest Syrian ... read more

 Japan TimesYesterday
Indigenous group seizes Peru oil field facilities

Indigenous people living on Peru's largest oil field concession have seized some facilities operated by Frontera Energy Corp. demanding that the government apply an indigenous ... read more

 Japan TimesYesterday
800 out of 80,000 so far sigh up as Jordan opens first job center inside Syrian refugee camp

Jordan has opened its first job center inside a refugee camp, unlocking work opportunities across the country for thousands living in the world's largest Syrian ... read more

 Japan TimesYesterday
HondaJet most-delivered jet in Jan.-June period

Honda Aircraft Company says its HondaJet has been ranked for the first time as the most-delivered jet in its category in the first half of this year. (NHK)... read more

 News on JapanYesterday
Hundreds of disabled workers laid off amid workshop closures

Hundreds of people with disabilities have been laid off because workshops supporting their employment have closed due to financial difficulties, sources close to the matter said Tuesday. About…... read more

 Japan TodayYesterday
Ukraine cybersecurity firm detects possible new malware attacks ahead of independence day

Ukrainian cybersecurity firm ISSP said on Tuesday it may have detected a new computer virus distribution campaign, after security services said Ukraine could face cyberattacks ... read more

 Japan TimesYesterday
Disabled people protest in Bucharest over decree dropping special needs hiring requirement

People with disabilities have protested outside Romania's labor ministry against a measure they say could leave them jobless.About 200 protesters — some in wheelchairs, others ... read more

 Japan TimesYesterday
BOJ price goal a tall order, but Japan Inc not interested in more easing

A vast majority of Japanese firms do not want any further radical monetary easing, even though they believe the central bank's inflation goal will either take more than…... read more

 Japan TodayYesterday
Japan Tobacco buying Philippine cigarette maker for $1bil

Japan Tobacco (JT) said Tuesday it would pay nearly $1 billion to buy Mighty Corp., the Philippines' number two cigarette firm, marking its second acquisition in Southeast Asia…... read more

 Japan TodayYesterday
Japan Tobacco to buy Philippine cigarette maker for $1 billion

Japan Tobacco said Tuesday it would pay nearly $1 billion to buy Mighty Corp., the Philippines' No. 2 cigarette firm, marking its second acquisition in ... read more

 Japan TimesYesterday
Dollar firmer above ¥109.30 in Tokyo

The dollar rose above ¥109.30 in Tokyo trading Tuesday, supported chiefly by buybacks following its drop in overseas trading overnight.At 5 p.m., the dollar stood ... read more

 Japan TimesYesterday
Nikkei falls for fifth session on geopolitical risk

The Nikkei 225 average fell for the fifth straight session Tuesday, weighed down by lingering geopolitical concerns over North Korea.The Tokyo Stock Exchange's key index ... read more

 Japan TimesYesterday
Japan’s FSA to dismantle Inspection Bureau launched in wake of post-bubble debt crisis

The Financial Services Agency will dismantle its Inspection Bureau in fiscal 2018, as the bad debt crisis that deepened in the 1990s following the "bursting" ... read more

 Japan TimesYesterday
Toilet maker Toto eyes recovery in Malaysia by 2019

Leading toilet maker Toto Ltd. anticipates a recovery in demand by 2019 after weathering a lull triggered by Malaysia's economic downturn, its local distributor says.Livvy ... read more

 Japan TimesYesterday
Workers seen losing annual ¥8.5 trillion in income from overtime cap

Workers would likely lose as much as ¥8.5 trillion in annual income from the overtime cap the government plans to put in place as part ... read more

 Japan TimesYesterday
Fujitsu looks to sell struggling mobile phone business

Fujitsu Ltd. is looking to sell its mobile phone business after struggling to win back consumers from smartphone competitors such as Apple Inc., sources said ... read more

 Japan TimesYesterday
Nissan revamps after-sales services to take on bigger rivals in India’s auto market

Looking to expand its customer base in India, Nissan Motor Co.'s local arm is planning to expand and improve its after-sales services to compete with ... read more

 Japan TimesYesterday
Bank of Japan’s ETF buying leaves Nikkei 225 trailing Topix, analysts say

The Bank of Japan's reduction of the amount it invests in the Nikkei 225 stock average is leaving the blue-chip gauge lagging behind the broader ... read more

 Japan TimesYesterday
Seven-Eleven eyes 'cleaner' delivery with fuel-cell trucks

The Seven-Eleven convenience store chain is planning to reduce its carbon footprint by introducing hydrogen fuel-cell trucks developed by Toyota Motor Corp. to deliver food and other goods to its outlets... read more

 Asahi Simbun2 days ago
Yellen, Draghi Jackson Hole-bound as inflation goals elude on both sides of the pond

As the world's top central bankers gather in Wyoming this week, their relief about a stronger global economy will be tempered by a growing unease ... read more

 Japan Times2 days ago
Nissin Food offers ‘mystery meat’-themed Rubik’s Cube

Showing a tongue-in-cheek recognition of the popularity of its “mystery meat,” Nissin Food Products Co. is offering an exclusive Rubik’s Cube with each of the six faces displaying the seasoned minced pork. Available... read more

 Asahi Simbun2 days ago
Time prime in worker-scarce Japan for investing in service robots

Faced with the worst labor shortage in decades, Japanese service companies are finally turning to labor-saving technology, an investment that could lift the sector's woeful ... read more

 Japan Times2 days ago
Caliornia jury orders Johnson & Johnson to pay $417 million to ovarian cancer victim

Johnson & Johnson on Monday was ordered by a California jury to pay $417 million to a woman who claimed she developed ovarian cancer after ... read more

 Japan Times2 days ago
HondaJet ranks as most-delivered jet in its category during first half of 2017

Honda Aircraft Co has announced that the HondaJet was the most-delivered jet in its category for the first half of 2017, as reported by the General Aviation Manufacturers…... read more

 Japan Today2 days ago
China to relaunch the world's fastest bullet trains

China is relaunching the world's fastest bullet trains, running at 350 kilometers (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next…... read more

 Japan Today2 days ago