Business Jan 16, 2014

EU clinches deal on financial regs

European Union negotiators have struck a deal on the outlines of a new regulation covering a wide array of financial instruments and markets, including provisions to curb food speculation and tighter controls on the power of computers to make trading decisions. The regulation agreed to ...

Takenaka touts Nikkei surge

Business Jan 9, 2014

Takenaka touts Nikkei surge

by Chikako Mogi and Takashi Hirokawa

Stocks could surpass a level not seen since 2007 if the Abe administration pushes through in its drive to loosen business regulations, said Heizo Takenaka, a member of a government council on special economic zones. "Stocks have surged considerably, but they can still improve if ...

Nikkei ends sizzling '13 at six-year high

Business / Economy Dec 30, 2013

Nikkei ends sizzling '13 at six-year high

The Nikkei stock index on Monday climbed to a fresh six-year high to close out the last trading day of 2013. The index soared 57 percent for the year to score its biggest annual gain since 1972, powered by aggressive fiscal and radical monetary stimulus ...

How the Federal Reserve was created

Business Dec 23, 2013

How the Federal Reserve was created

by Neil Irwin

A century ago this week, Congress passed the Federal Reserve Act, creating a central bank for a nation that was only beginning its economic ascendance. This is the story of how it came to be, from a nearly catastrophic financial panic to secret meetings ...

SMBC Nikko, Daiwa increase hiring

Business / Corporate Dec 18, 2013

SMBC Nikko, Daiwa increase hiring

by Takahiko Hyuga

SMBC Nikko Securities Inc. and Daiwa Securities Group Inc. have increased their hiring targets for university graduates to bolster retail brokerage operations as stocks rally. SMBC Nikko recruited 460 graduates to start in April, 50 more than earlier planned, spokesman Tadataka Ishida said Wednesday. Daiwa, ...

U.S. unemployment rate fell to 5-year low in November

Business / Economy Dec 7, 2013

U.S. unemployment rate fell to 5-year low in November

The U.S. job market has been recovering fitfully for three years. Now, it's starting to show consistency. Employers added 203,000 jobs in November, sending the unemployment rate down to 7 percent, a five-year low. Stock investors were heartened by the news, sending the Dow Jones ...

User burnout could threaten Twitter's prosperity

Business / Tech Nov 7, 2013

User burnout could threaten Twitter's prosperity

by Ryan Nakashima

They loved it. Now they hate it. A growing number of celebrities, athletes and self-promoters are burned out and signing off of Twitter. Many have become overwhelmed. Some people built big audiences on the short messaging service only to have their followers turn against them. Others ...