Kirin to End Production of Budweiser in Japan
July 25, 2018
Tokyo- Kirin Brewery Co. will terminate production and sales of Budweiser beer in Japan at the end of this year, according to informed sources. Anheuser-Busch InBev of Belgium, which owns the Budweiser brand, is expected to ship the beer to
Ex-BOJ Gov. Matsushita Dies at Age of 92
July 25, 2018
Tokyo- Former Bank of Japan Governor Yasuo Matsushita, who strived to save the country from a financial crisis in the late 1990s, died of old age on Friday, sources in the BOJ and the Ministry of Finance said on Wednesday.
Toshiba Memory Eyeing Active Investment in Iwate Plant
July 25, 2018
Kitakami, Iwate Pref.- Toshiba Memory Corp. President Yasuo Naruke has indicated the company’s intention to actively invest in Iwate Prefecture, northeastern Japan, where it plans to build a new semiconductor plant. On Tuesday, the company held a groundbreaking ceremony for
Stocks up but peso rallies after hitting P53.54:$1
July 24, 2018
Philippine stocks gained but the peso touched near 12-year lows before rallying on Tuesday. The peso opened at a low of P53.54 against the US dollar but closed at P53.42. Volume reached $668.1 million. The Philippine Stock Exchange index closed
Mizuho U.S. Unit Pays Penalty to Settle with SEC
July 24, 2018
New York- The U.S. Securities and Exchange Commission said Monday that Mizuho Securities USA LLC has agreed to pay a penalty of 1.25 million dollars for its failure to safeguard information on share buybacks by clients. The U.S. financial regulator
Hitachi Files Lawsuit over Bidding for U.K. Subway Trains
July 24, 2018
London- A unit of Japanese machinery giant Hitachi Ltd. has filed a complaint with a British court over the result of bidding held by London’s transport bureau for the supply of new subway train cars, it was learned Monday. The
EXCLUSIVE: Fiat Chrysler Aims for 50 Pct Jeep Sales Rise in Japan
July 23, 2018
Tokyo- A Japanese unit of Fiat Chrysler Automobiles NV aims to increase annual sales in Japan of its Jeep sport-utility vehicles to 15,000 units in 2020, 1.5 times the current level, Jiji Press learned Monday. FCA Japan Ltd., riding high
BOJ Offers to Buy JGBs Unlimitedly to Counter Surging Yield
July 23, 2018
Tokyo- The benchmark 10-year Japanese government bond yield jumped on Monday morning, prompting the Bank of Japan to offer to buy JGBs unlimitedly at a fixed yield from the market to cap the rate spike. The yield of the newest
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