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China's yuan joins elite club of IMF reserve currencies

China’s yuan is joining the International Monetary Fund’s basket of reserve currencies as of Saturday, a milestone for the government’s campaign for recognition as a global economic power. The yuan joins the dollar, euro, yen and pound in the IMF’s special drawing rights (SDR) basket, which determines currencies that countries ...

Oct 1, 2016

BMW issues recall for new Takata air bag problem

Another potentially deadly problem has surfaced with Takata air bags, this one forcing BMW to recall over 4,000 SUVs in the United States and Canada. The new problem was traced to improper welds, and it’s separate from the trouble that has caused the largest ...

Sep 30, 2016

Japan starts talks on farmer income insurance in response to TPP

The government and the ruling bloc started talks Friday on a proposed insurance program to cover possible falls in farmers’ income stemming from free trade deals. The insurance scheme is intended in particular to help cushion any impact on farmers when the Trans-Pacific Partnership ...

Sep 30, 2016

Tokyu Hands' online store hit by data thief

Department store Tokyu Hands Inc. disclosed Friday that information on 861 customers was stolen after its online store for handmade products was accessed without authorization. The stolen data included credit card numbers for 529 customers, and more than 10 are already likely to have ...

Sep 30, 2016

Japan fund managers add stocks in September, trim bonds

Japanese fund managers slightly increased exposure to equities in their model portfolios in September and trimmed their bond holdings after the Federal Reserve refrained from hiking interest rates, underpinning demand for riskier assets, a Reuters survey showed. The survey of five Japan-based fund managers ...

Nintendo to reboot classic Famicom game console

Sep 30, 2016

Nintendo to reboot classic Famicom game console

Hoping to turn golden oldies into silver, Nintendo Co. is to relaunch its hit Famicom gaming console, 33 years after the device first gripped the nation. The new version has a similar appearance but is significantly smaller than the original. Named Nintendo Classic Mini ...