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Japanese police arrest Mt. Gox CEO Karpeles over Bitcoin losses

Police on Saturday arrested Mark Karpeles, head of the collapsed Mt. Gox bitcoin exchange, over the disappearance of about $390 million worth of the virtual currency, reports said. France-born Karpeles, 30, is suspected of having accessed the exchange’s computer system and falsifying data on its outstanding balance, Kyodo News and ...

No final deal in TPP trade talks

Aug 1, 2015

No final deal in TPP trade talks

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Efforts to conclude the framework for the Trans-Pacific Partnership Agreement ended in failure Saturday, with negotiators unable to bridge differences over issues ranging from pharmaceutical patents to expanded imports of agricultural, and particularly dairy, products. The latest round of talks in Hawaii between Australia, ...

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 ...

Trump sought to import foreign workers

Aug 1, 2015

Trump sought to import foreign workers

Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff ...

U.S. Marines declare Lockheed's F-35B ready for limited combat operations

Aug 1, 2015

U.S. Marines declare Lockheed's F-35B ready for limited combat operations

The U.S. Marine Corps declared its version of Lockheed Martin Corp.’s F-35 fighter ready for limited combat operations, a milestone for the Pentagon’s costliest weapons program. “The F-35B’s ability to conduct operations from expeditionary airstrips or sea-based carriers provides our nation with its first ...

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 ...

Jul 31, 2015

Sharp logged group net loss in April-June for fifth straight year

Sharp Corp. said Friday it remained in the red in the April-June period for the fifth straight year with a net loss of ¥33.98 billion due to sluggish sales of liquid crystal displays for smartphones. The Osaka-based electronics maker quickly announced additional restructuring steps, ...

Ministers continue TPP talks in Hawaii as clock ticks

Jul 31, 2015

Ministers continue TPP talks in Hawaii as clock ticks

Trade ministers from 12 countries continued negotiations on the proposed Trans-Pacific Partnership on Thursday, with outstanding issues proving to be more difficult than expected. Ministers were hoping to announce the outcome of the talks at a joint news conference planned for Friday afternoon following ...

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 ...