May 2013
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May 31, 2013

Saudis jail Aussie on terror charges

An Australian has been jailed for 4½ years in Saudi Arabia on terrorism-related offenses, with his lawyer vowing to appeal what he claims was an unfair trial. Shayden Thorne, 25, has been held in a jail outside Riyadh for almost 18 months, reportedly after ...

May 31, 2013

Pageant gives crown to wrong woman

Losing is never easy, but for one unlucky contestant in Canada’s Miss Universe competition the bad news came 24 hours later — after she had been crowned the winner. Red-faced organizers admitted Wednesday that a typo led to a counting error that resulted in ...

May 31, 2013

Toyota to issue ¥60 billion in bonds

Toyota Motor Corp. will issue ¥60 billion in corporate bonds on June 6 to fund development of next-generation environmentally friendly vehicles, company officials said Thursday. The amount includes ¥40 billion in three-year bonds and ¥20 billion in 10-year bonds, the officials said. They will ...

May 31, 2013

Nasdaq fined for Facebook IPO glitch

Nasdaq has agreed to pay $10 million, the largest penalty ever lodged against an exchange, to settle civil charges concerning its handling of Facebook’s market debut a year ago, which was marred by technical problems. In a filing released Wednesday, the Securities and Exchange ...

May 31, 2013

Banks look to hike home loan rates

The three biggest banks in the country plan to raise their housing loan rates June 1 for the second straight month on the back of recent rises in long-term interest rates, their officials said Thursday. Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp. and ...

May 31, 2013

U.S. F-15 drills resume in Okinawa

The U.S. Air Force resumed drills involving its F-15 fighter jets Thursday following a crash earlier in the week involving one of the aircraft off Okinawa. Its pilot ejected safely and was rescued. The 18th Wing at the U.S. Kadena Air Base said in ...

What Bachmann meant to politics

May 30, 2013

What Bachmann meant to politics

Minnesota Rep. Michele Bachmann's surprise retirement announcement likely brings an end to an Icarus-like political career in which she rapidly rose to national prominence before falling hard.

May 30, 2013

Japan, Europe, U.S. target multinationals that avoid taxes

Japan, the United States and Europe, all of which are experiencing deteriorating fiscal health, are moving to ensure that multinational firms pay their fair share in taxes, sources said. Leaders of the Group of Eight major nations are expected to adopt a statement at ...

'Fast fashion' of South Korea, Singapore arrives

May 30, 2013

'Fast fashion' of South Korea, Singapore arrives

by Kazuaki Nagata

In the competitive Japanese “fast fashion” market, two new Asian brands have recently come in to challenge domestic and Western rivals. South Korea-based Mixxo and Singapore’s Charles & Keith have both launched stores here in the last few months. Big names in their home ...