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Iran, Ecuador weigh ways to boost crude prices

Aug 25, 2016

Iran, Ecuador weigh ways to boost crude prices

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctions were eased in January. Tehran refused ...

Cheap octopus-like robot makes squishy debut

Aug 25, 2016

Cheap octopus-like robot makes squishy debut

The latest revolutionary robot is not the metallic, costly machine you would expect. It is squishy and wireless, uses no batteries and is made for pennies by a 3-D printer. Meet Octobot. It looks like a tiny octopus and is designed to mimic that ...

Aug 24, 2016

Extra budget to push year's outlays over ¥100 trillion

The Cabinet approved Wednesday a draft second extra budget for fiscal 2016 to stimulate the flagging economy, bringing total public outlays for the year through March to over ¥100 trillion. The extra budget reflects Prime Minister Shinzo Abe’s push to lift the world’s third-biggest ...

| Aug 24, 2016

Dollar firms ahead of Yellen speech

The dollar held firmer at around ¥100.30 in Tokyo on Wednesday amid muted trading ahead of a key economic event in the United States later this week. At 5 p.m., the dollar stood at ¥100.27-28, up from ¥100.10-10 the same time Tuesday. The euro ...

Aug 24, 2016

FSA extends safety net for banks, insurers ahead of Britain's EU exit

The Financial Services Agency is extending provisions that help regional financial institutions get public funds in response to risks posed by Britain’s vote to leave the European Union, sources say. The regulator, which oversees banks, securities brokerages and other financial institutions, is extending by ...