Apr 13, 2015

Core machinery orders edge lower amid bleary economic outlook

Japan’s core machinery orders edged down 0.4 percent from a month earlier to ¥835.6 billion in February, the government said Monday, indicating that some companies are reluctant to beef up investment as the economic outlook remains unclear. The private-sector orders, excluding those for ships ...

Egypt rakes billions in Gulf aid, giving boost to el-Sissi

Mar 14, 2015

Egypt rakes billions in Gulf aid, giving boost to el-Sissi

Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country’s gutted economy and giving a political boost to its soldier-turned-president. The three-day gathering in ...

Investment climbed soft 2.8% in Oct.-Dec. quarter

Mar 2, 2015

Investment climbed soft 2.8% in Oct.-Dec. quarter

Capital spending in the October-December quarter rose 2.8 percent from a year earlier to ¥9.71 trillion (about $81 billion), the government said Monday, signaling corporate willingness to keep increasing investment despite sluggish consumer spending. Data released by the Finance Ministry also showed pretax profit ...

Mar 2, 2015

Annual report offers new clues about Buffett's successor

Billionaire Warren Buffett is proud of what he’s built as Berkshire Hathaway’s CEO over the past 50 years, but he’s also willing to admit making a few costly mistakes along the way. Buffett used his annual shareholder letter released Saturday to make the case ...

Feb 13, 2015

China offers hand to Greece, seeks long-term access to port

Premier Li Keqiang has told Greek Prime Minister Alexis Tsipras that China is prepared to boost investment in the debt-ridden country after conflicting messages about the sale of the country’s biggest port. Li telephoned Tsipras to congratulate him on his election victory last month ...