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Apr 20, 2015

Sumitomo Mitsui Banking to invest in Colombia State Bank

Sumitomo Mitsui Banking Corp. said Monday that it will acquire a stake of 8.84 percent in Colombian state-run development bank Financiera de Desarrollo Nacional SA, or FDN. The mega-bank signed a contract for the FDN equity purchase with the International Finance Corp. With the ...

Apr 20, 2015

Custom-made earphones growing popular in Japan

Custom-made earphones, tailored to the tastes of audio fans unrelenting in their pursuit of sound quality, are enjoying brisk sales in Japan despite their eye-popping prices, industry sources say. The custom-made products, shaped to users’ ears for acoustic seal, appeal to those appreciating scarcity ...

Apr 20, 2015

Japan, U.S. trade chiefs continue TPP talks ahead of summit

Trade chiefs from Japan and the United States continued negotiations on Monday that could pave the way to conclude the proposed 12-country Pacific free trade deal, seeking to resolve outstanding issues before their leaders’ summit in about a week. The second day of negotiations ...

Apr 19, 2015

Osaka Gas boss targets Tokyo market

Osaka Gas Co. is mulling various tieup options ahead of the full liberalization of the retail electricity market in fiscal 2016 and the gas retailing market in 2017, President Takehiro Honjo said in a recent interview. “Tokyo is an attractive market,” Honjo said, expressing ...

Apr 19, 2015

IMF fudges BOJ inflation target timeline

The International Monetary Fund said it has become harder to estimate when the Bank of Japan will achieve its inflation target, suggesting the global fund is backtracking from its prediction of around 2017 or 2018. “It’s just too uncertain for us to say x ...

Apr 19, 2015

In hunt to monetize, social networks slip in stealth advertising

The quandary for those who run social networks is how to monetize activity on them without antagonizing and thus losing users through distracting ads. The answer, for Twitter, YouTube and Instagram, is to slip in some stealthy ads camouflaged to look like posts from ...

AIIB rise reflects new economies

Apr 18, 2015

AIIB rise reflects new economies

by Mie Sakamoto

A planned Chinese-led investment bank may not have been the major theme at a meeting of Group of 20 finance chiefs, but it drew significant attention amid the growing presence of emerging economies. On the sidelines of the gathering, which ended Friday, Finance Minister ...