Stock index rallies after falling past 7,000 mark
June 22, 2018
The Philippine Stock Exchange index skidded below the 7,000 points mark before a last-minute rally reduced its losses on Friday. The index finished at 7,063.20 points, down 34.95 points. It fell to as low as 6,933.94 in early trading. Week-on-week,
Airbnb Deleted Thousands of Illegal “Minpaku” Short-Term Rentals
June 22, 2018
Tokyo- Airbnb Inc. has deleted thousands of illegal “minpaku” short-term rentals in Japan from its website, since a Japanese law to regulate minpaku private lodging business took effect on June 15, company sources have revealed. The properties were not registered
Hitachi Eyes Fourfold Boost in Data Scientists by FY 2021
June 22, 2018
Tokyo- Japan’s Hitachi Ltd. said Thursday that it will boost the number of data analysis experts across its group over fourfold to 3,000 by fiscal 2021. The company sees fostering data scientists as essential to capitalize on artificial intelligence and
Sake Brewers Make Sales Pitches in Australia
June 22, 2018
Sydney- Japanese sake brewers made sales pitches at an event in Sydney on Thursday, touting chemistry between their products and Japanese beef, which will return to the Australian market soon. The event brought together 17 brewers, including Kobe Shushinkan Breweries
EXCLUSIVE: JFE Products Included in U.S. Steel Tariff Exemption List
June 21, 2018
Tokyo- Products made by at least two Japanese companies, including JFE Steel Corp., were among the first set of product exclusions from additional U.S. steel tariffs, officials at Japan’s trade ministry told Jiji Press on Thursday. The exclusion list was
Japan Supermarket Sales Down 2.3 Pct in May
June 21, 2018
Tokyo- Sales at supermarkets in Japan in May fell 2.3 pct from a year before on a same-store basis, down for the third straight month, industry data showed Thursday. The drop chiefly reflected weak sales of summer clothing, such as
Peso remains at 12-year-lows despite rate hike
June 21, 2018
The Philippine peso remained at 12-year-lows against the US dollar Thursday despite the second straight monthly of rate hikes by the Bangko Sentral ng Pilipinas (BSP). The peso hit a low of P53.50 before steadying itself to end at P53.46
Kobe Steel Chief Apologizes to Shareholders over Data Scandal
June 21, 2018
Kobe- The chief of Kobe Steel Ltd. apologized to shareholders on Thursday over a product data falsification scandal involving the Japanese company. “We deeply apologize for causing inconvenience to shareholders and clients,” Mitsugu Yamaguchi, Kobe Steel president and chief executive
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