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Total's ice-class LNG tanker makes Arctic passage unaided

Aug 18, 2017

Total's ice-class LNG tanker makes Arctic passage unaided

A tanker carrying liquefied natural gas has made the passage from Europe to Asia via the Arctic unaided, a maritime course that has become possible due to global warming, energy firm Total said Thursday. It is "the first commercial vessel to travel alone the Northern ...

Inpex eyes bid for Iran's Azadegan oil project

Aug 17, 2017

Inpex eyes bid for Iran's Azadegan oil project

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Japan's Inpex Corp. might participate in a tender to develop the Azadegan oil field in southwestern Iran and form a consortium with other foreign oil firms to that end, a high-ranking Iranian official says. If Inpex gets involved in the Azadegan again — after giving ...

U.S. talks tough on trade deficit as talks on NAFTA revisions begin

Aug 17, 2017

U.S. talks tough on trade deficit as talks on NAFTA revisions begin

The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald ...

/ Aug 17, 2017

Japan logs July trade surplus of ¥418.8 billion

Japan's goods trade surplus came to ¥418.77 billion ($3.8 billion) in July thanks to solid growth in exports, but narrowed from a year ago on a in energy imports, government data showed Thursday. The figure represents a 17.0 percent fall from the previous year. Exports ...

Aug 17, 2017

Japan asks Hong Kong to lift 3/11 food import ban

Agriculture, Forestry and Fisheries Minister Ken Saito has called on Hong Kong Chief Executive Carrie Lam to abolish the Chinese region's import ban on food from five prefectures in eastern Japan. "I asked the Hong Kong leader to scrap the ban based on scientific grounds," ...

Cerberus sells off stake in Seibu Holdings

/ Aug 17, 2017

Cerberus sells off stake in Seibu Holdings

Seibu Holdings Inc. has disclosed that U.S. investment firm Cerberus has sold its entire stake in the major railway and hotel operator. Cerberus invested in the company when the Seibu Railway Co. group was reorganized into Seibu Holdings in 2006, after the railway was delisted ...

Cool, soggy summer curtails leisure-based profits in Tokyo

Aug 17, 2017

Cool, soggy summer curtails leisure-based profits in Tokyo

Persistent rain and low temperatures are putting a damper on summer business at Tokyo's leisure facilities and retailers as expectations for a hot summer rapidly shrink. Many water parks and beer garden businesses in the capital are struggling with low attendance, and rumors are beginning ...