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Optimism roars back as Geneva Motor Show opens

Mar 4, 2015

Optimism roars back as Geneva Motor Show opens

Out with the gloom, in with the boom: Sleek luxury sports cars, high-end SUVs and nifty little city cars were bumper-to-bumper when the Geneva Motor Show opened to the media Tuesday. Thousands of journalists milled through the vast halls of the show, one of ...

Taxis block Brussels in Uber protest

Mar 4, 2015

Taxis block Brussels in Uber protest

Hundreds of taxi drivers from Belgium and France brought central Brussels to a virtual standstill Tuesday with their vehicles in a protest targeting the Web-based taxi app Uber. Police said a go-slow procession of 627 cabs several kilometers long drove through the city before ...

Takata to double output of replacement air bags

Mar 3, 2015

Takata to double output of replacement air bags

Embattled auto parts manufacturer Takata said Monday it will double its production of replacement air bags in the next six months in response to a massive global safety recall. Takata, under fire from safety regulators over defective air bags linked to at least five ...

| Mar 3, 2015

Dollar edges lower to ¥119.74 in Tokyo

The dollar drifted lower in Tokyo on Tuesday, failing to carry over momentum gained overseas as the stock market’s slack performance disappointed investors. At 5 p.m., the dollar was at ¥119.74-74, down from ¥119.84-85 at the same time Monday. The euro was at $1.1204-1204, ...

Hong Kong fund buys Osaka's Kuidaore building

Mar 3, 2015

Hong Kong fund buys Osaka's Kuidaore building

A Hong Kong-based investment fund said Monday it has bought a commercial building in Osaka’s downtown Dotonbori district and hopes to place it on the tourist trail for Asian visitors. The building has a fun and locally famous gimmick: Kuidaore Taro, a bespectacled mechanical ...

| Mar 3, 2015

Nikkei falls back moderately

The Nikkei 225 average closed slightly lower Tuesday, hurt by profit-taking after the recent surge, but its downside was limited thanks to buying on dips. The key market gauge lost 11.72 points to close at 18,815.16 after adding 28.94 points Monday. The Topix rose ...

Mar 3, 2015

Abe property boom spurs REITs to favor stock sales

by Katsuyo Kuwako

Real estate investment trusts are raising more funds from shares and avoiding a volatile bond market, as investors bet “Abenomics” will boost property prices. REITs offered ¥222 billion of equity this year, already the busiest quarter since the final three months of 2013. Note ...

Mar 3, 2015

Securities firms focusing on junior NISA

A junior version of the Nippon Individual Savings Account, a tax-free small-investment system modeled on Britain’s Individual Savings Account program, is attracting attention from the brokerage industry in Japan. A junior NISA system will allow grandparents and parents to transfer their financial assets to ...