Mercari Makes Strong Debut on Tokyo Stock Market
June 19, 2018
Tokyo- Shares of Japanese online flea market operator Mercari Inc. made a strong debut on the Tokyo Stock Exchange’s Mothers market for startups on Tuesday, closing at 5,300 yen each, 77 pct higher than the initial public offering price of
Peso remains at 12-year-low ahead of vital central bank meeting
June 19, 2018
The peso gained some ground on Tuesday, a day before the central bank’s policy-setting meeting as it ended at P53.44 against the US dollar, up four centavos from Monday’s close. Volume reached $773.7 million from Monday’s $568 million. But the
Casio Computer Co-Founder, Chairman Dies at 89
June 19, 2018
Tokyo- Casio Computer Co. Chairman Kazuo Kashio, one of the four brothers who founded the company, died of aspiration pneumonia on Monday. He was 89. He served as president of the consumer electronics maker for over a quarter of a
Tokio Marine to Buy 2 Southeast Asian Insurers for 40 B. Yen
June 19, 2018
Tokyo- Tokio Marine Holdings Inc. said Tuesday it will buy a Thai and an Indonesian nonlife insurer from Insurance Australia Group Ltd. for a total of 525 million Australian dollars. With the move, the major Japanese insurance group is hoping
Fujifilm Sues Xerox for Damages over Canceled Deal
June 19, 2018
New York- Fujifilm Holdings Corp. sued Xerox Corp. on Monday, demanding some one billion dollars in damages over the U.S. printer and copier maker’s unilateral cancellation of a deal on its sale to the Japanese company. The deal was reached
Online Shopping May Be Pushing Down CPI by 0.2 Point: BOJ
June 19, 2018
Tokyo- The Bank of Japan said Monday its recent research has found that the increase in online shopping may be pushing down the country’s consumer price index by up to 0.2 percentage point. In a phenomenon known as the Amazon
Japan’s Aeon to Tighten Rules on Sale of Eels
June 19, 2018
Tokyo- Japanese retail giant Aeon Co. said Monday that it will tighten rules on the sale of Japanese eels as part of efforts to protect the endangered species. Aeon will deal only in Japanese eels fully traceable across the supply
Philippine eyeing $1 billion Samurai bond issue around September
June 19, 2018
Finance Secretary Carlos Dominguez III confirmed on Tuesday that the Philippines is planning to issue about $1 billion-worth of “Samurai” bonds this year following its two successful floats of dollar- and renminbi-denominated securities in the offshore markets in the first quarter. Buoyed by
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