Business Topics

ADB chief says bank ready to cooperate with AIIB

May 8, 2015

ADB chief says bank ready to cooperate with AIIB

The Asian Development Bank is ready to cooperate with the China’s planned Asian Infrastructure Investment Bank, ADB President Takehiko Nakao has said. “Cooperation would be possible in various fields,” he said in an interview following the ADB’s four-day annual general meeting in the Azerbaijani ...

May 8, 2015

Belgium hopes for broad EU-Japan EPA deal by yearend

Belgian Prime Minister Charles Michel said Thursday he hopes that the European Union and Japan will reach a broad accord by the end of the year on a proposed economic partnership agreement (EPA) for free trade. Political will is needed for progress in the ...

May 8, 2015

Major firms boost summer bonuses by 3%

The average summer bonus this year for workers at leading Japanese firms is up 3 percent from a year earlier at ¥734,434, rising for the second straight year and hitting the highest level since the 2008 global financial crisis, a recent private-sector survey has ...

May 5, 2015

South Korea fires warning shot at Japan over won-yen rate

South Korea’s top currency official has fired a warning at Japan: his nation has stepped up scrutiny of the yen’s tumble against the won after damage to exporter earnings. “Korean companies face bigger difficulties this year than last,” said Song In-chang, the South Korean ...

May 1, 2015

Unemployment fell to 3.4% in March

The seasonally adjusted jobless rate stood at 3.4 percent in March, down 0.1 percentage point from the previous month, improving for the second straight month thanks to a better employment situation for young people, the Ministry of Internal Affairs and Communications said Friday. The ...

May 1, 2015

TPP ministers expected to meet this month in Philippines

Ministers from the 12 countries negotiating the vaunted Trans-Pacific Partnership free-trade bloc are expected to meet in the Philippines for three days starting May 26, according to U.S. Undersecretary of State for Economic Growth Catherine Novelli told reporters on Thursday. The U.S., Japan and ...

Apr 30, 2015

Industrial output for March dips 0.3%

Factory output fell by a less than expected 0.3 percent in March, preliminary data showed Thursday, but figure was nevertheless weak and underscored the uncertainty of a recovery for the world’s No. 3 economy. The drop in industrial output was caused mainly by sluggish ...

Apr 29, 2015

Putin says Russia over worst of economic downturn

Russian President Vladimir Putin says his country’s economy has weathered the worst of its downturn even though it appears headed for a deep recession. In comments reported Tuesday by state news agency RIA Novosti, Putin said the economy had stabilized after a dramatic drop ...

Europe pushes Greece in bogged-down debt talks

Apr 25, 2015

Europe pushes Greece in bogged-down debt talks

European ministers heaped pressure on Greece on Friday to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks. The eurozone’s 19 finance ministers ended a meeting in Riga without a breakthrough ...