Business Topics

Kerry hopes to revive TPP trade deal

Nov 13, 2016

Kerry hopes to revive TPP trade deal

U.S. Secretary of State John Kerry refused to call last rites on the Trans-Pacific Partnership (TPP) Sunday, expressing hope President-elect Donald Trump will drop his opposition to the contentious free trade deal. The 12-nation TPP became a hot-button issue during the U.S. election campaign, ...

Nov 12, 2016

Obama administration suspends TPP approval bid

U.S. President Barack Obama’s administration has suspended its efforts to win congressional approval for the Trans-Pacific Partnership before President-elect Donald Trump takes office, saying Friday that the fate of the free trade pact was up to Trump and Republican lawmakers. Administration officials also said ...

Nov 12, 2016

U.S. should have joined China-led AIIB: Trump adviser

A top adviser to U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank, suggesting a possible policy shift when Trump takes office in January. Hong Kong’s South China Morning Post said that Trump’s ...

Nov 9, 2016

Current account surplus surges in April-September to ¥10.3 trillion

The nation’s current account surplus in the April-September period surged 20.5 percent from a year before to ¥10.3 trillion, hitting the highest level on a fiscal half-year basis since the second half of fiscal 2007, government data showed Wednesday. The current account balance was ...

China names new finance minister to replace veteran Lou Jiwei

Nov 7, 2016

China names new finance minister to replace veteran Lou Jiwei

China has replaced veteran reformer Lou Jiwei with a new finance minister who will be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world’s second-largest economy. Xiao Jie, previously a senior aide to Premier Li Keqiang, will replace ...

Nov 2, 2016

Bank of Japan signals economic onus is now on Abe government

The Bank of Japan is signaling that Prime Minister Shinzo Abe’s government needs to do more to help achieve 2 percent inflation and revive the economy, former BOJ Policy Board member Sayuri Shirai said Wednesday. Government stimulus, along with highly accommodative financial conditions, would ...