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Mar 23, 2015

More restaurant chains curtailing 24-hour operations

An increasing number of fast-food and family-style restaurants are dropping late-night operations as customers and staff decline. Yoshinoya Holdings Co. ended overnight operations at 521 of its “gyudon” beef bowl restaurants across the country, amounting to 40 percent of the chain. “The number of ...

Mar 23, 2015

British EU exit could hit GDP by 2.2 percent: study

Britain leaving the European Union could result in a permanent loss of 2.2 percent of the country’s gross domestic product by 2030, and the costs would not be offset solely by striking a free trade deal with its former partners, think tank Open Europe ...

Mar 21, 2015

Switzerland, Luxembourg both plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed Asian Infrastructure Investment Bank, China’s Finance Ministry said, the latest European nations to sign up to the multilateral lender which has drawn skepticism from the United States. Britain, France, Germany and Italy have already announced ...

Mar 21, 2015

Hon Hai takes another look at Sharp

Taiwan’s Hon Hai Precision Industry Co., also known as Foxconn, might make another offer to invest in ailing Sharp Corp., according to a Hon Hai source. In March 2012, the two electronics makers agreed that Hon Hai would invest about ¥67 billion in Sharp ...

Mar 21, 2015

March 'tankan' likely to show uptick in business sentiment

The Bank of Japan’s quarterly tankan survey for March is expected to show that business sentiment has climbed among major manufacturers following a drop three months ago, 17 private think tanks said. The headline diffusion index describing large manufacturers’ current business conditions is likely ...