Business Topics

At summit, EU hopes to deepen ties with China

| Jun 29, 2015

At summit, EU hopes to deepen ties with China

The European Union will briefly put aside worries about Greece to broaden its relations with China at a summit in Brussels on Monday, hoping for Chinese investment in Europe’s new infrastructure fund and support for a global climate deal. As China seeks to move ...

Consumer prices inch higher as Kuroda pumps stimulus

Jun 26, 2015

Consumer prices inch higher as Kuroda pumps stimulus

Consumer prices rose fractionally in May, as Bank of Japan Gov. Haruhiko Kuroda tries to generate inflation with unprecedented monetary stimulus. Consumer prices excluding fresh food increased 0.1 percent from a year earlier, the statistics bureau said on Friday, versus forecasts by economists for ...

Jun 22, 2015

Largest offshore wind turbine unveiled in Fukushima

A huge floating wind turbine for an experimental offshore power generation project was unveiled Monday at Onahama port in Iwaki, Fukushima Prefecture. With an output capacity of 7,000 kilowatts, the turbine is the largest piece of offshore wind power generation equipment in the world. ...

Russia pipeline deal aids Greece

Jun 20, 2015

Russia pipeline deal aids Greece

Russian President Vladimir Putin said after Friday’s talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial aid to Greece had not been discussed. ...

Jun 18, 2015

State still on track to miss fiscal 2020 reform goal

The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday. The sources said the government is set to leave its projection for missing the goal unchanged in its upcoming medium- to long-term fiscal estimate. ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...