Apr 9, 2015

Fed split on timing of interest-rate hike: minutes

The Federal Reserve was split at its last policy meeting on when to raise ultra-low U.S. interest rates, with timing ranging from June to 2016, according to minutes released Wednesday. “Several participants judged that the economic data and outlook were likely to warrant beginning ...

Weak job data ease rate hike jitters, lift Wall Street

Apr 7, 2015

Weak job data ease rate hike jitters, lift Wall Street

U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday’s surprisingly weak jobs report. Labor Department data showed U.S. employers last month added 126,000 jobs, the lowest number in more ...

Tepco to mull rate hike if it can't restart Niigata nuclear complex

Feb 16, 2015

Tepco to mull rate hike if it can't restart Niigata nuclear complex

Tokyo Electric Power Co. said it will need to consider raising electricity rates for the first time since 2012 unless it can restart the world’s biggest nuclear plant. Resumption of the Kashiwazaki Kariwa station in Niigata Prefecture is essential for sustaining profits, Tepco President ...

Oct 15, 2014

Ailing global economy could lead Fed to delay rate hike

Just as the U.S. job market has finally strengthened, the Federal Reserve now confronts a new worry: A sputtering global economy that’s spooked investors across the world. The economic slump could spill into the United States, potentially weakening job growth and keeping inflation well ...

Sep 16, 2014

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.” The presence or absence of that phrase will trigger a rush to assess the likely timing of the ...

May 4, 2014

Tepco client outflow surged 20% in 2013

Tokyo Electric Power Co. lost around 8,450 large-lot customers in fiscal 2013, up some 20 percent from the year before, according to sources. The contracted electricity supply of those clients totaled 1.2 million kilowatts, equivalent to the output of a large nuclear reactor, the ...

Jul 4, 2013

Tepco pulls plug on idled firm for refusing rate hike

Tokyo Electric Power Co. has pulled the plug on a recreational facility operator in Chiba Prefecture after the operator allowed its contract to lapse when Tepco raised its rates. It is reportedly the first time a major power supplier has halted electricity because of ...

Tohoku Electric to seek 11.4% household power rate hike

Feb 15, 2013

Tohoku Electric to seek 11.4% household power rate hike

Tohoku Electric Power Co. sought government approval Thursday to raise household electricity rates by an average of 11.41 percent from July 1 to offset its worsening business due to the shutdown of its atomic reactors due to the March 2011 megaquake, tsunami and nuclear ...