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Jan 21, 2017

Vietnam provisionally OKs limited casino gambling for locals

Betters in gambling-mad Vietnam will soon be allowed to stake their fortune in some casinos across the communist country, the government said Friday, in a pilot project aimed at opening up the lucrative industry. The government has long banned locals from gambling in casinos ...

Jan 20, 2017

Aso says no need to fret about every currency move

Finance Minister Taro Aso said Friday there is no need to fret about every currency move but volatility is undesirable. “We do not need to be swayed by every rise and fall,” Aso told a news conference after a Cabinet meeting while financial markets ...

Toyota chairman says fuel cell cars need more time to catch on

Jan 20, 2017

Toyota chairman says fuel cell cars need more time to catch on

Toyota Motor Corp. Chairman Takeshi Uchiyamada, known as the “father of the Prius” for his work on the world’s best-selling hybrid car, said fuel cell vehicles will take longer than gasoline-electric autos to become popular because of the need to build infrastructure. “The hybrid ...

Jan 20, 2017

Tepco mulls first bond sale in over six years

Tokyo Electric Power Company Holdings Inc. might issue its first corporate bonds in 6½ years this March, informed sources say. The beleaguered utility hasn’t issued bonds since the March 2011 triple core meltdown at its Fukushima No. 1 nuclear plant. Tepco would be expected ...

Jan 20, 2017

Kirin in talks to sell Brazilian beverage unit to Heineken

Kirin Holdings Co. plans to sell its struggling beverage business in Brazil to Dutch brewer Heineken NV for about ¥100 billion ($8.7 billion), a source familiar with the matter said Friday. Kirin Holdings said in a statement that although nothing has been finalized, it ...