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Brazil will join China-backed Asian investment bank

Brazil said on Friday it had accepted China’s invitation to join its Asian Infrastructure Investment Bank as a founding member. “Brazil is very interested in participating in this initiative,” the office of President Dilma Rousseff said in a short statement. It said no conditions were made for joining. The AIIB ...

| Mar 27, 2015

Greenback rises above ¥119 in Tokyo

The dollar held firm above ¥119 in Tokyo on Friday after staging a rally in overseas trading overnight thanks to better than expected U.S. economic data. At 5 p.m., the dollar was quoted at ¥119.43-44, up from ¥118.62-64 at the same time on Thursday. ...

Abe vows not to concede ground on TPP talks ahead of U.S. trip

Mar 27, 2015

Abe vows not to concede ground on TPP talks ahead of U.S. trip

Prime Minister Shinzo Abe said Friday that Japan won’t make any easy concessions just to advance the Trans-Pacific Partnership free trade talks before he meets with U.S. President Barack Obama on April 28. The TPP negotiations are “in the final phase, but problems remain,” ...

Mar 27, 2015

South Korea fines Japan's Denso, NGK Spark Plug for price-rigging

South Korea’s Fair Trade Commission said Thursday it had slapped fines totaling 3.5 billion won (about $3.1 million) on five auto parts suppliers, including Japan’s Denso Corp. and NGK Spark Plug Co., for forming a price-fixing cartel. The two Japanese firms, their local units ...

Mar 27, 2015

Some TPP nations seek exemption from investor-state lawsuit rule: WikiLeaks

Some of the 12 countries negotiating the Trans-Pacific Partnership free trade pact demanded they be exempted from the proposed litigation rule involving corporation and state, according to a purported negotiation text released by anti-secrecy website WikiLeaks. It’s not known whether such demands remain on ...

Tim Cook joins roster of rich giving away their wealth

Mar 27, 2015

Tim Cook joins roster of rich giving away their wealth

Apple Inc. Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity ...

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 ...