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Jul 25, 2014

Sharp to pull out of last overseas solar panel venture

In a further reorganization of its solar business, Sharp Corp. is pulling out of its Italian solar venture, its last overseas panel manufacturing plant. The Osaka-based company agreed to transfer its one-third stake in 3Sun Srl to partner Enel Green Power SpA, Sharp said ...

Jul 25, 2014

Mizuho to loan $500 million to Petrobras

Mizuho Bank plans to extend $500 million in loans to state-owned Brazilian oil firm Petrobras, informed sources said Friday. The move comes as Prime Minister Shinzo Abe leaves Friday for a five-nation Latin American tour that will include Brazil. Mizuho and Petrobras will sign ...

Jul 25, 2014

Curbs on pork imports from Mexico to be eased

The government intends to loosen restrictions on pork imports from Mexico, officials said Thursday. Imports of Mexican pork are currently limited to meat from six states in the country, following an outbreak of hog cholera there in 2000. In response to a request from ...

Jul 25, 2014

McDonald's Japan switches chicken sourcing to Thailand

McDonald’s Co. (Japan) said Friday that it has halted sales of all products containing chicken meat from China and switched sourcing completely to Thailand. The fast-food giant’s Japan business had already stopped selling items made with meat sourced from Shanghai Husi Food Co., a ...

Jul 25, 2014

Cabinet OKs guidelines for fiscal 2015 budget

Prime Minister Shinzo Abe’s Cabinet on Friday approved guidelines for compiling the fiscal 2015 budget and said it aimed to improve the economy and restore Japan’s fiscal health — the worst among the major industrialized countries. An estimate released earlier in the day, however, ...

Jul 25, 2014

LVMH profit trails estimates as Japan tax hike hits fashion biz

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods. Profit from ...

Jul 25, 2014

GSK corruption allegations spread to Syria

GlaxoSmithKline faces new allegations of corruption, this time in Syria, where the drugmaker and its distributor have been accused of paying bribes to secure business, according to a whistleblower’s email reviewed by Reuters. Britain’s biggest drugmaker said Thursday it was investigating the latest claims ...