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Jul 29, 2016

Japan's jobless rate hit 21-year low of 3.1% in June

Japan’s unemployment rate fell to 3.1 percent in June, the lowest level in nearly 21 years, government data showed Friday, highlighting companies’ willingness to hire more people in a tight labor market. The improvement in three months came as separate data showed the country’s ...

Jul 29, 2016

Japan's consumer prices off for fourth straight month in June

Japan’s consumer prices fell 0.5 percent in June from a year earlier for the fourth straight month of decline, the government said Friday, adding pressure on the Bank of Japan to further ease monetary policy to boost inflation. The core consumer price index, which ...

Jul 28, 2016

Komatsu quarterly profit down 52% on weak demand

Construction and mining equipment manufacturer Komatsu Ltd., which last week made a $2.89 billion offer for Joy Global Inc., said first-quarter profit fell 52 percent as demand languished in markets such as the Middle East and Indonesia and the stronger yen crimped overseas revenue. ...

American shale gas heads to East Asia for first time

Jul 28, 2016

American shale gas heads to East Asia for first time

East Asia, which imports more liquefied natural gas than any other region of the world, is preparing to receive its first supplies from America’s shale bounty. A tanker that loaded LNG at Cheniere Energy Inc.’s export terminal in Louisiana is bound for the Far ...

Jul 28, 2016

SoftBank profit rises on proceeds from Alibaba stake sale

SoftBank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses at Sprint Corp. Net income at the carrier rose to ¥254.2 billion in the three months ended June 30, the ...