Business Topics

Feb 28, 2015

U.S. business leader envisions TPP deal before June

A senior official of the U.S. Chamber of Commerce said Friday she expects the 12 countries negotiating a Pacific free trade initiative to strike a deal “before June.” Tami Overby, the chamber’s senior vice president for Asia, told an event that if Congress enacts ...

Feb 27, 2015

Narita airport reduces landing fees to attract new flights

The operator of Narita airport said Thursday it will cut landing fees for new international and domestic flights for two years starting in April, in a bid to better compete with airports in other parts of Asia. The promotional incentives will apply to new ...

Inflation rate slowest since war on falling prices began

Feb 27, 2015

Inflation rate slowest since war on falling prices began

The inflation rate has fallen to its lowest level since just after the Abe administration launched its high-profile offensive aimed at conquering years of falling prices and tepid growth, data showed Friday. The disappointing figures — weighed down by weak consumer spending and falling ...

Yellen reiterates patience is still the watchword for the Fed

Feb 25, 2015

Yellen reiterates patience is still the watchword for the Fed

Federal Reserve Chairwoman Janet Yellen said Tuesday the U.S. economy is making steady progress, but that for now the Fed will remain patient about raising interest rates because the job market is still healing and inflation is too low. In her semiannual economic report ...

Greece clears key hurdle to extend bailout but doubts remain

Feb 25, 2015

Greece clears key hurdle to extend bailout but doubts remain

Greece cleared a major hurdle Tuesday in its ongoing battle to remain solvent as its European creditors approved a four-month extension to its financial bailout — but the cash-strapped country has much more to do to convince its partners that it deserves longer-term help ...

Feb 25, 2015

U.S. consumer confidence slides after big January gain

U.S. consumers are feeling a bit less confident this month, but their spirits are still at the highest levels since before the Great Recession. The Conference Board reported Tuesday that its consumer confidence index dropped this month to 96.4 from a revised 103.8 in ...

Greece submits reform documents in bid to secure bailout extension

Feb 24, 2015

Greece submits reform documents in bid to secure bailout extension

Caught between its own defiant campaign pledges and pressure from creditors, Greece’s left-wing government will deliver a list of reforms Tuesday to debt inspectors involved in the final approval of extended rescue loans, officials said. Prime Minister Alexis Tsipras was already facing dissent within ...

Feb 21, 2015

Tentative West Coast port deal reached

Negotiators reached a tentative contract covering West Coast dockworkers on Friday evening, likely ending a protracted labor dispute that snarled international trade at seaports handling about $1 trillion worth of cargo annually. The breakthrough came after nine months of negotiations that turned contentious in ...