Business Topics

Kerry pushes Asia trade pact in Singapore

Aug 4, 2015

Kerry pushes Asia trade pact in Singapore

U.S. Secretary of State John Kerry called Tuesday for countries negotiating a major Pacific Rim trade deal to overcome differences that have stalled its conclusion. Speaking in Singapore, Kerry said the Trans-Pacific Partnership would benefit the people of all nations involved and serve as ...

Aug 1, 2015

Think tanks estimate economy contracted 2.1 percent in April-June

The economy likely contracted at an annual rate of 2.1 percent in April-June, the first negative growth in three quarters, due to weak personal consumption and exports, the latest estimates by 11 private think tanks showed Friday. Their average forecast for the nation’s April-June ...

Aug 1, 2015

No final deal in TPP trade talks, negotiators say

Delegates negotiating a huge Pacific free-trade agreement said Friday they have failed to reach a final deal after several days of intense talks in Hawaii, in a setback to U.S. President Barack Obama. But U.S. Trade Representative Michael Froman, in a statement on behalf ...

Spending slips as consumer prices inch up

Jul 31, 2015

Spending slips as consumer prices inch up

Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation. Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure ...

Chinese tourists fueling boom in sightseeing buses

Jul 30, 2015

Chinese tourists fueling boom in sightseeing buses

The surge in Chinese visitors to Japan is sparking a boom in demand for tour buses to take them shopping and sightseeing. Mitsubishi Fuso Truck and Bus Corp. said it has received more orders for large-sized sightseeing buses during the first half of this ...

Jul 29, 2015

Retail sales fall for first time in three months

Retail sales nationwide declined for the first time in three months in June, sapping an economy that analysts say struggled last quarter amid sluggish exports and production. Sales slid 0.8 percent from May, when they gained 1.7 percent, government data released on Wednesday show. ...

'Surreptitious' Grexit plan not so secret after Varoufakis slip

Jul 28, 2015

'Surreptitious' Grexit plan not so secret after Varoufakis slip

Yanis Varoufakis divulged the details on how Greece could sneak out of the euro “without telling anyone” in a conference call released Monday. With a plan to secretly append a new bank account to each citizen or company’s tax number, Greek officials war-gamed the ...