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AIIB rise reflects new economies

by Mie Sakamoto

A planned Chinese-led investment bank may not have been the major theme at a meeting of Group of 20 finance chiefs, but it drew significant attention amid the growing presence of emerging economies. On the sidelines of the gathering, which ended Friday, Finance Minister Taro Aso and his U.S. and ...

Apr 17, 2015

Bloomberg says trading terminals hit by global breakdown

Bloomberg terminals used by subscribers to make trades using real-time developments in business and finance were struck by a “global network problem” for several hours Friday, the company said. After users in financial centers around the world flocked to Twitter to complain of the ...

| Apr 17, 2015

Nikkei plunges on Greek debt woes

Stocks turned sharply lower on Friday, dragged down by rekindled concerns over the Greek debt problem and position-adjustment selling prior to the weekend and the start of the full-fledged earnings season in Japan next week. The Nikkei 225 average lost 232.89 points, or 1.17 ...

ANA unveils plans for R2-D2-themed Dreamliner

Apr 17, 2015

ANA unveils plans for R2-D2-themed Dreamliner

It might not be the droid you’re looking for, but a plane painted to look like R2-D2 could be the next best thing for “Star Wars” fans awaiting the franchise’s reboot. Japan’s All Nippon Airways (ANA) has unveiled plans for a Boeing 787 Dreamliner ...

Apr 17, 2015

Aso says AIIB would benefit from partnership with other lenders

The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso. Aso and U.S. Treasury Secretary Jack Lew held talks ...

Apr 17, 2015

Emerging economies hail new China-led investment bank

A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank. In a statement they said they “look forward” to the creation of the AIIB. The statement followed a meeting on the sidelines of the biannual IMF-World ...

China's incredible shrinking factories

| Apr 17, 2015

China's incredible shrinking factories

by Alexandra Harney

Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Today, the Taiwanese light manufacturer has winnowed its workforce to just 200 and leased most of its space to other companies: lamp workshops, a mobile phone-maker, a logistics ...

Apr 17, 2015

U.S. gaming body offers to help Japan if casinos legalized

The U.S. casino industry can be helpful if Japan lifts a ban on casinos, Geoff Freeman, president and chief executive officer of the American Gaming Association (AGA), said Thursday. “We can be helpful by providing information and experiences” in the United States, Freeman said ...

Apr 17, 2015

Current nonnuclear power capacity should suffice for summer: METI

Japan is expected to secure the minimum required power supply capacity this summer, the industry ministry said Thursday, meaning electricity supply will be sufficient during the high-demand season even if none of the country’s nuclear reactors resumes operation by then. Although the government is ...