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Alibaba founder Jack Ma conciliatory over missed Hong Kong listing

Alibaba founder Jack Ma struck a conciliatory note Monday over its failure to list in Hong Kong, as the Chinese e-commerce giant began an Asian roadshow before a possible record-breaking IPO in New York. Alibaba’s initial public offering starting as early as next week is expected to raise between $19 ...

Sep 16, 2014

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.” The presence or absence of that phrase will trigger a rush to assess the likely timing of the ...

Sep 15, 2014

OECD cuts growth outlook for G-7, worried about eurozone

The OECD on Monday cut its economic outlook for the Group of Seven nations in 2014, including Japan, while expecting a moderate expansion to continue in most of the major economies. In its interim economic assessment report, the Paris-based organization also said the “most ...

Apple a decade behind Japan's mobile payment curve

Sep 14, 2014

Apple a decade behind Japan's mobile payment curve

Apple Inc.’s proud announcement that its new iPhone could be used to buy goods in a single swipe left customers nonplussed in Japan, where mobile payments have been normal fare for a decade. A type of Near Field Communication chip, known in Japan as ...

Sep 13, 2014

JR East to promote Shinkansen for Malaysia-Singapore route

East Japan Railway Co. will tout its Shinkansen system in Kuala Lumpur to help win an order for a high-speed railway project that will link Malaysia and Singapore, informed sources have disclosed. The JR East group is expected to run Shinkansen posters as early ...

Sep 13, 2014

Shionogi handed hefty back-tax bill

Tax authorities have notified drug maker Shionogi & Co. that it failed to report ¥40.5 billion in taxable income over a three-year period to March 2013. Given the Osaka Regional Taxation Bureau’s decision, the firm said Friday it plans to pay ¥1.3 billion in ...

Canada ratifies China deal that may help smooth relations

Sep 13, 2014

Canada ratifies China deal that may help smooth relations

Canada has finally ratified a foreign investment protection agreement with China after a two-year delay, a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper. International Trade Minister ...