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Uniqlo quarterly profit up 45 percent after refocus

Jan 12, 2017

Uniqlo quarterly profit up 45 percent after refocus

As it refocused on a strategy aimed at luring thrifty shoppers, Uniqlo’s parent company said Thursday that quarterly net profit jumped by almost half from a year ago. Fast Retailing’s net profit rose 45 percent to ¥70 billion in the fiscal first quarter to ...

Jan 12, 2017

British Columbia OKs Trans Mountain pipeline to Alberta oil sands area

Canada’s Pacific Coast province of British Columbia on Wednesday approved the expansion of Kinder Morgan’s Trans Mountain pipeline from the Alberta oil sands that will allow oil exports to Asia. British Columbia Premier Christy Clark announced the conditions her government placed on the project ...

Toyota chief meets with Pence in Washington

Jan 12, 2017

Toyota chief meets with Pence in Washington

Toyota Motor Corp. President Akio Toyoda met with U.S. Vice President-elect Mike Pence in Washington on Tuesday, a company source said Wednesday. The meeting follows the carmaker’s announcement at a trade show Monday that it plans to make $10 billion in capital investments in ...

China makes awkward free trade champion, experts say

Jan 12, 2017

China makes awkward free trade champion, experts say

As the biggest beneficiary of globalization, China stands ready to proclaim itself the champion of free trade in the face of a more protectionist U.S., but analysts say Beijing’s attitude is much more one of pick and choose. Since Donald Trump was elected on ...