Iran, Ecuador weigh ways to boost crude prices

Aug 25, 2016

Iran, Ecuador weigh ways to boost crude prices

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctions were eased in January. Tehran refused ...

Feb 8, 2016

Cheap oil boosts Japan's 2015 current account surplus sixfold

The nation’s current account surplus grew more than sixfold in 2015 from the previous year to ¥16.64 trillion, boosted by a plunge in crude oil imports and a travel surplus amid the yen’s depreciation, government data showed Monday. Goods trade registered a deficit of ...

Nov 4, 2015

Consumer confidence rises in October amid cheaper gasoline

Consumer confidence improved in October on the back of lower gasoline prices and more job offers, following a decline the previous month. The seasonally adjusted index of sentiment among households of two or more people was up 0.9 points from the previous month at ...

Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...

Japan trade deficit shrinks 77% to ¥1.73 trillion

Jul 23, 2015

Japan trade deficit shrinks 77% to ¥1.73 trillion

Japan’s goods trade deficit in the January to June period shrank 77.4 percent from a year earlier to ¥1.73 trillion ($13.9 billion), due partly to smaller imports on the back of declining crude oil prices, the government said Thursday. The smaller deficit, which followed ...

Jul 13, 2015

Japan to halt trade insurance for Venezuela

Nippon Export and Investment Insurance, or NEXI, has said it will phase out the underwriting of new trade insurance for deals with Venezuela beginning Tuesday. The decision, announced Sunday, reflects concern that Venezuela, a major oil producer, may fail to fulfill its payment obligations ...