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McDonald's to pay ¥170 million in retirement benefits to Harada

Mar 26, 2015

McDonald's to pay ¥170 million in retirement benefits to Harada

McDonald’s Holdings Co. (Japan) said Thursday the group will pay ¥170 million in retirement benefits to Eiko Harada, who stepped down as chairman of the holding firm on Wednesday. The group, including subsidiary McDonald’s Co. (Japan), will also pay him ¥169 million as remuneration ...

Mar 26, 2015

Toho Zinc to restore Australian mine output amid global deficit

Toho Zinc Co., Japan’s third-biggest producer of the metal, will restore full capacity at its Rasp mine in Australia around the middle of this year after improving access to high-grade ore deposits. Production of zinc concentrate at the site in New South Wales will ...

Mar 26, 2015

Domestic auto output fell 5.8% on year in February

The combined domestic production of Toyota Motor Corp. and seven other Japanese carmakers fell 5.8 percent year on year to 771,945 units in February, down for the eighth month straight, data released by the companies says. The results, released Wednesday, underscored that last April’s ...

Mar 26, 2015

LNG export project kicks off in Maryland

A ground-breaking ceremony was held in Cove Point, Maryland, on Wednesday for facilities related to a project to export liquefied natural gas to Japan. The project, which involves Sumitomo Corp., will see some 2.3 million tons of LNG shipped to Japan annually after the ...

Mar 26, 2015

'Reflationist' economist Harada appointed to BOJ Policy Board

The government on Thursday appointed former Waseda University economics professor Yutaka Harada to the Bank of Japan Policy Board. Harada succeeds Ryuzo Miyao, a former economics professor at Kobe University whose five-year term on the nine-seat board ended Wednesday. A University of Tokyo graduate, ...

Mar 26, 2015

Shinsei Bank's Kudo tapped to become next president

Shinsei Bank plans to promote Managing Executive Officer Hideyuki Kudo, 51, to president in June. The appointment will be formalized at a meeting of the bank’s board after the general shareholders’ meeting on June 17. Kudo will succeed Shigeki Toma, 66, who is slated ...

Mar 26, 2015

Rakuten to buy Japan unit of U.S. currency trader FXCM

FXCM Inc., a major U.S. provider of online foreign exchange trading services announced Wednesday that it has agreed to sell its Japanese unit, FXCM Japan Securities Co., to Rakuten Securities Inc. for $62 million. The transaction is expected to close on Wednesday. It comes ...

Mar 26, 2015

China denies seeking veto power in new multilateral bank

China has not sought veto power over a new multilateral bank, a top finance ministry official said Wednesday, after a report Beijing enticed major European countries to join by offering to give up control over decisions. Britain, Germany, France and Italy have in the ...