Topics

Jun 18, 2016

California surpasses France as world's sixth-largest economy

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and a strong U.S. dollar. California was the world’s eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of Finance, said in a phone ...

Jun 17, 2016

Japan's Idemitsu Kosan, Showa Shell to merge on April 1

Japanese refiner Idemitsu Kosan Co and smaller rival Showa Shell Sekiyu will merge on April 1 next year, the two companies said on Friday. Japan’s No.2 and No.5 refiners by revenue agreed last November in a deal worth about $4 billion to create the ...

Jun 17, 2016

Yen may climb as Japan faces another lost decade: Moody's

Japan is headed for another lost decade as the economy faces prolonged stagnation and the yen will probably strengthen more as deflation continues, Moody’s Analytics said. The yen surged to its strongest level in almost two years against the dollar Thursday, touching 103.55, after ...

Jun 17, 2016

Japan household assets mark first drop in nearly six years

Assets held by Japanese households dropped 0.6 percent at the end of March from a year earlier to ¥1.7 quadrillion, taking a hit from a strong yen and subsequent sharp falls in stock prices, Bank of Japan data showed Friday. The figure, which fell ...

| Jun 17, 2016

Tokyo stocks rally on buybacks

Stocks staged a rally on the Tokyo Stock Exchange Friday, backed by buybacks and buying on dips following the previous day’s plunge. The 225-issue Nikkei average rose 165.52 points, or 1.07 percent, to end at 15,599.66. On Thursday, the key market gauge tumbled 485.44 ...