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Manufacturing surge, labor crunch show U.S. economic health, Fed says

Jan 19, 2017

Manufacturing surge, labor crunch show U.S. economic health, Fed says

A pickup in manufacturing, “widespread” reports of labor shortages and improving business investment set the stage for the Federal Reserve’s December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic ...

U.S. Economist says so-called Trump rally is likely over

Jan 18, 2017

U.S. Economist says so-called Trump rally is likely over

The so-called Trump rally, in which stock prices advanced on expectations for incoming U.S. President Donald Trump’s fiscal stimulus, is likely “over,” prominent U.S. economist Allen Sinai said in an interview in Tokyo on Wednesday. The market “over-anticipates and waits for the reality,” he ...

New Toranomon Hills tower to be completed in December 2019

Jan 18, 2017

New Toranomon Hills tower to be completed in December 2019

Mori Building Co. said Wednesday it will start the construction of a new Toranomon Hills high-rise building in Tokyo’s Minato Ward on Feb. 1, aiming to complete it in December 2019. The building, tentatively called Toranomon Hills Business Tower, will have 36 stories above ...

Jan 18, 2017

Toshiba eyes spinning off flash-memory business

Toshiba Corp. is considering spinning off its key flash-memory business as part of efforts to make up for expected losses in its U.S. nuclear unit, a source familiar with the plan said Tuesday. Toshiba’s advanced NAND-type flash memory, which is used for devices such ...

Toyota, Shell among giants betting $10.7 billion on hydrogen

Jan 18, 2017

Toyota, Shell among giants betting $10.7 billion on hydrogen

Toyota Motor Corp. and four of its car-making peers are joining oil and gas giants including Royal Dutch Shell PLC and Total SA with plans to invest a combined €10 billion ($10.7 billion) in hydrogen-related products within five years. In all, 13 energy, transport ...