Topics

| Sep 23, 2016

Tokyo stocks turn lower on profit-taking

Stocks turned lower on the Tokyo Stock Exchange Friday, pressured by profit-taking and position-adjustment selling after the end of key monetary policy-setting meetings in Japan and abroad. The 225-issue Nikkei average lost 53.60 points, or 0.32 percent, to end at 16,754.02. On Wednesday, the ...

Sep 23, 2016

Fresh warning against excessive yen rises issued

Authorities are ready to act against excessive yen rises, the government’s top spokesman said Friday, issuing a fresh warning to markets against recent yen gains that could hurt the country’s export-reliant economy. The dollar fell to a nearly four-week low of ¥100.10 Thursday after ...

U.S. House panel plans hearing on Wells Fargo accounts scam

Sep 23, 2016

U.S. House panel plans hearing on Wells Fargo accounts scam

The House of Representatives Financial Services committee plans to hold a hearing into Wells Fargo & Co. next week over a scandal at the bank involving as many as 2 million fake accounts that thousands of employees set up in customers’ names. The hearing, ...

Sep 23, 2016

Russia to open Japan business support center in Far East

Russia will open a facility to support Japanese business activities in its Far East, according to a senior official of the Ministry for the Development of the Russian Far East. The move is in line with an agreement reached in early September to promote ...

Hanjin Shipping to get more funds to resolve cargo crisis

Sep 22, 2016

Hanjin Shipping to get more funds to resolve cargo crisis

Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Hanjin’s lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) ...

Exxon agrees to pay millions over Yellowstone River spill

Sep 22, 2016

Exxon agrees to pay millions over Yellowstone River spill

Exxon Mobil Corp. has agreed to pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons (238,474 liters) of oil into Montana’s Yellowstone River and prompted a national debate over lax pipeline safety rules, officials said Wednesday. The payment ...