Japan population: One in 10 people now aged 80 or older

Published 2w ago

The world's most elderly country has long struggled with how to provide for its ageing population. More »

Suga seen top contender in Japan PM race as ruling party plans slimmed-down vote

Published 3y ago

TOKYO (Reuters) – Japan’s top government spokesman, Yoshihide Suga, moved a step closer to becoming the next premier after the ruling party decided on Tuesday on a slimmed-down leadership vote that favours the long-time lieutenant of Prime Minister Shinzo Abe.... More »

Japan’s Kishida says can show strength in economic, foreign policy fields

Published 3y ago

TOKYO (Reuters) – Japanese ruling party heavyweight Fumio Kishida, who has declared his candidacy for the party leadership, said on Tuesday he can show strength in the economic and foreign policy fields and he wants to be a leader who listens to the people. Ki... More »

Osaka keen to spread awareness about racial injustice

Published 3y ago

NEW YORK (Reuters) – Japan’s Naomi Osaka says she wants to spread awareness about racial injustice after the former U.S. Open champion walked onto court with a mask bearing the name of Breonna Taylor on Monday. Osaka, who moved to the United States as a three-... More »

Osaka allays injury fears in three-set win over Doi

Published 3y ago

NEW YORK (Reuters) – Japan’s Naomi Osaka showed no signs of discomfort from the injury that forced her to miss a final on Saturday but the former U.S. Open champion had to dig deep to beat compatriot Misaki Doi 6-2 5-7 6-2 in her opener at Flushing Meadows. A ... More »

Japan’s next premier to find pandemic eroding job market gains made by ‘Abenomics’

Published 3y ago

TOKYO (Reuters) – Whoever succeeds Shinzo Abe as Japan’s prime minister will be confronted with growing signs that the job market is deteriorating in an economy laid low by the coronavirus pandemic. Top government spokesman Yoshihide Suga is emerging as a fron... More »

Highlights: U.S. Open day one

Published 3y ago

NEW YORK(Reuters) – Highlights of the first day at the U.S. Open on Monday (times ET- GMT-4). The Grand Slam, the second this year after Wimbledon was cancelled and the French Open was postponed, is being played without spectators due to the COVID-19 pandemic:... More »

Why Buffett’s bet on Japan could turn on higher inflation, weakening dollar

Published 3y ago

NEW YORK (Reuters) – Berkshire Hathaway Inc’s $6.2 billion foray into Japan’s five largest trading houses may signal billionaire Warren Buffett’s expectation that inflation and a falling U.S. dollar may make international equities more attractive when economie... More »

Japan’s Toshimaen amusement park closes after 94 years, to make way for Harry Potter

Published 3y ago

TOKYO (Reuters) – A popular Tokyo amusement park on Monday closed its doors for the last time after being in business for more than nine decades, with part of the site set to make way for a “Harry Potter” theme park. Toshimaen amusement park, which opened in 1... More »

Global funds once again opt out of stocks, despite rally, Reuters polls show

Published 3y ago

BENGALURU (Reuters) – Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls ... More »

COVID-19 scary? Japan group offers coffins, chainsaws for stress relief

Published 3y ago

TOKYO (Reuters) – Finding the pandemic scary? A Japanese group is trying to take people’s minds off COVID-19 – by putting them in coffins surrounded by chainsaw-wielding zombies. Customers this weekend in Tokyo can lie in a 2-metre (6 1/2-foot) windowed box, l... More »

Coronavirus crisis threatens to unravel Japanese artist’s kimono ambitions

Published 3y ago

TOKYO (Reuters) – Japanese artist Hiroko Takahashi fought through sexism and suspicion from traditional kimono artisans to establish a globally known brand that sold hundreds of her original garments every month – until the coronavirus devastation hit. Takahas... More »

Japan’s record economic plunge wipes out Abe era gains

Published 3y ago

TOKYO (Reuters) – Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper rec... More »

Asia shares push ahead as China markets jump

Published 3y ago

SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »

Take Five: Impasse!

Published 3y ago

1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »

Dollar in the doldrums- U.S. politics, Fed minutes eyed

Published 3y ago

SINGAPORE (Reuters) – The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of the U.S.-China trade pact which left the deal intact. The moves in the Asia session were modest, as weak... More »

British trade minister pledges to fight ‘unfair’ U.S. tariffs – The Telegraph

Published 3y ago

(Reuters) – British Trade Secretary Liz Truss pledged to fight U.S tariffs on Scotch whisky, calling them “unacceptable and unfair” in an op-ed in the Telegraph on Sunday. “I will fight to consign these unfair tariffs to the bin of history”, she wrote (AIR.PA)... More »

Nishikori tests positive for COVID-19 ahead of U.S. Open

Published 3y ago

(Reuters) – Japan’s Kei Nishikori said on Sunday he had tested positive for COVID-19 while in Florida – just two weeks ahead of the U.S. Open that begins in New York on Aug. 31. The 30-year-old former world number four has been staying at the IMG Academy in Br... More »

Motorcycling: Rossi urges riders to control aggression after ‘terrifying’ crash

Published 3y ago

(Reuters) – Yamaha’s Valentino Rossi has urged riders who make their way up to the premier class to exercise caution when fighting for track positions to avoid a repeat of the horror collision that halted the Austrian Grand Prix on Sunday. The red flag came ou... More »

Stocks dip on lukewarm data- oil falls

Published 3y ago

NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »

U.S. equity funds post $5.6 billion weekly inflow: Lipper

Published 3y ago

(Reuters) – U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. U.S. equity funds registered $5.6 billion in inflows in the week ended on Wednesday, according t... More »

Global shares climb as China industrial data offers hope for coronavirus recovery

Published 3y ago

LONDON (Reuters) – European shares rose on Monday as industrial activity in China gained strength, another sign of recovery from the coronavirus pandemic that added to hopes the global economy would also return to health. The broader Euro STOXX 600 rose 0.6%, ... More »

Dollar rally regains some momentum- Aussie and Kiwi fall

Published 3y ago

LONDON (Reuters) – The dollar rose in early London trading on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15. After talks in Washi... More »

Summer mood swings: markets turn higher on hopes of virus aid

Published 3y ago

LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »

Paralympics: Specific COVID-19 measures may be needed for Tokyo – organisers

Published 3y ago

TOKYO (Reuters) – The Tokyo Paralympics may require specific COVID-19 measures to help keep athletes safe as they move between venues, organisers said on Monday. The 2020 Summer Olympics and Paralympics have been pushed back to next year because of the novel c... More »

Strain on global manufacturing eases as euro zone returns to growth

Published 3y ago

LONDON/TOKYO (Reuters) – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the cor... More »

SoftBank spent $3.8 billion on buybacks in July, August

Published 3y ago

TOKYO (Reuters) – SoftBank Group Corp on Monday said it spent 398 billion yen ($3.8 billion) buying back 63.2 million shares between July 1 and Aug. 3, part of a repurchase programme that has helped lift its share price to two decade highs. The latest purchase... More »

Facebook brings official music videos to users’ feed

Published 3y ago

(Reuters) – Facebook Inc said on Friday that its users in the United States would be able to view and share official music videos on its platform, in a move to better compete with Alphabet Inc’s video platform YouTube. Facebook, which had 2.7 billion monthly a... More »

U.S. stock funds shed $1.05 billion in week: Lipper

Published 3y ago

(Reuters) – U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper. Taxable bond funds attracted $9.37 billion, the sixteenth straight weekly inflow, while U.S. money market funds shed $17.44 billion in the la... More »

Japan’s renowned artists find inspiration from pandemic

Published 3y ago

TOKYO (Reuters) – Some of Japan’s best-known artists are finding new avenues of expression in areas such as online communication and the environment, as the novel coronavirus outbreak sparks ideas as radical as renaming the country’s “Reiwa” imperial era. Five... More »

Gold roars to record high, dollar dives again

Published 3y ago

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

U.S. stock funds draw $3.3 billion in latest week: Lipper

Published 3y ago

(Reuters) – U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper. Taxable bond funds attracted $11.1 billion, the fifteenth straight weekly inflow, while U.S. money market funds drew $20.4 billion in the latest we... More »

UK asks Japan for Huawei alternatives in 5G networks: Nikkei

Published 3y ago

TOKYO (Reuters) – The British government has asked Japan to help build its 5G wireless networks without Huawei Technologies [HWT.UL], the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China. Britain... More »

Euro hits four-month high on hopes for EU recovery fund deal

Published 3y ago

LONDON (Reuters) – The euro retreated after hitting a 19-week high of $1.1467 on Monday after EU summit chairman Charles Michel said a recovery fund to revive economies hit by the COVID-19 pandemic could contain 390 billion euros in grants. EU leaders have mad... More »

United Arab Emirates launches mission to Mars

Published 3y ago

DUBAI (Reuters) – The United Arab Emirates launched its first mission to Mars on Monday as it strives to develop its scientific and technological capabilities and reduce its reliance on oil. The Hope Probe blasted off from Japan’s Tanegashima Space Center at 1... More »

Euro, euro zone bond markets hold out hope for recovery fund, stocks cautious

Published 3y ago

LONDON (Reuters) – The euro and euro zone bond markets held out hope European Union leaders would strike a deal on a recovery fund for the bloc’s pandemic-ravaged economy on Monday, but the region’s stock markets took a cautious turn lower as talks paused. The... More »

Renault’s first half vehicle sales down 34.9%, ZOE electric model shines

Published 3y ago

PARIS (Reuters) – French carmaker Renault (RENA.PA) on Monday reported a 34.9% drop in worldwide vehicle sales in the first half of the year due to the impact from the new coronavirus outbreak but said it had seen some signs of recovery in June. Sales of its Z... More »

Japan plans to invite TSMC to build joint chip plant: Yomiuri

Published 3y ago

TOKYO (Reuters) – Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. The J... More »

UAE aims to launch Mars mission on July 20: Dubai Media Office

Published 3y ago

DUBAI (Reuters) – The United Arab Emirates said on Friday it would launch its mission to Mars on July 20, depending on weather conditions at the launch site in Japan, Dubai’s media office said on Twitter. The launch of the UAE’s Hope Probe from Japan’s Tanegas... More »

Proxy advisers ISS, Glass Lewis back Toshiba, recommend against dissidents

Published 3y ago

BOSTON (Reuters) – Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass, Lewis & Co on Thursday recommended that Toshiba Corp shareholders elect all company directors, dealing a blow to two activist investors pushing to add five newcomers. ISS... More »

Cresting ‘first wave’ of stimulus may be next hurdle for world markets

Published 3y ago

LONDON (Reuters) – A growth spurt in the balance sheets of the world’s biggest central banks has crested in recent weeks, drawing warnings from investors that any signs of backpedaling on stimulus will jolt financial markets and strangle economic recovery. The... More »

Triple jump champion Taylor supports Games protest option

Published 3y ago

(Reuters) – Twice Olympic triple jump champion Christian Taylor has joined calls to allow athletes to protest peacefully during the Games as anti-racism stances are increasingly seen at sports events in the wake of George Floyd’s death in U.S. police custody. ... More »

UAE reschedules Mars mission launch to between July 20 and July 22

Published 3y ago

DUBAI (Reuters) – The United Arab Emirates has rescheduled the launch of its mission to Mars to a preliminary window between July 20 and July 22, depending on weather conditions at the launch site in Japan, the government’s communications office said on Thursd... More »

Corporate activist investors eye Europe, Japan more in first half: Lazard

Published 3y ago

BOSTON (Reuters) – Activist investors demanded more change at European and Japanese companies in the first half of 2020 while giving U.S. companies a pass, for now, new data from investment bank Lazard show. While U.S. companies have long been activists’ favor... More »

UAE postpones Mars mission again due to weather at Japan launch site

Published 3y ago

DUBAI (Reuters) – The United Arab Emirates has postponed the launch of its mission to Mars for a second time due to weather conditions at the launch site in Japan, the government’s communications office said on Wednesday. A new launch date in July will be anno... More »

Japan ministry warns electricity industry it will miss CO2 cut target

Published 3y ago

TOKYO (Reuters) – Japan’s environment ministry warned on Tuesday that the electricity industry, which accounts for 40% of its carbon emissions, will miss its target for cutting carbon dioxide (CO2) by 2030, calling for it to take further measures. The warning ... More »

Equities hit five-month peak, bonds dip, as earnings season starts

Published 3y ago

NEW YORK (Reuters) – World equity benchmarks hit a five-month peak and perceived safe -havens such as the dollar and U.S. government bonds dipped on Monday as investors turned to second-quarter earnings for signs that corporate profits will recover from the ec... More »

Olympics must go ahead next year as symbol of overcoming COVID-19, Tokyo governor says

Published 3y ago

TOKYO (Reuters) – Tokyo Governor Yuriko Koike, often floated as a future Japanese premier, said on Monday the Olympics must go ahead next year as a symbol of world unity in overcoming the novel coronavirus, even as her city grapples with stubborn spikes in cas... More »

U.S. stock funds see first inflow in four weeks: Lipper

Published 3y ago

(Reuters) – U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion com... More »

Bain Capital extends deadline for Japan’s Nichiigakkan bid for second time

Published 3y ago

TOKYO (Reuters) – U.S. buyout fund Bain Capital said on Thursday it had extended its deadline for a $1 billion buyout offer for Japanese nursing home operator Nichiigakkan Co for a second time. Bain’s bid to buy all of Nichiigakkan’s shares has been extended t... More »

Dancing robots replace fans at Japanese baseball game

Published 3y ago

TOKYO (Reuters) – With their stadium devoid of fans due to coronavirus restrictions, Japanese baseball team Fukuoka SoftBank Hawks have come up with an imaginative replacement: dancing robots. Before their most recent Nippon Professional Baseball (NPB) game ag... More »

World shares rally to four-week highs as investors bet on China revival

Published 3y ago

LONDON (Reuters) – Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States. MSCI’s All-Count... More »

Survey finds 77% of Japanese think Olympics ‘cannot be held’ next year

Published 3y ago

TOKYO (Reuters) – A wide-ranging survey conducted by the Japan News Network (JNN) found that 77% of those questioned said that the Tokyo Olympics “cannot be held” next year, it was announced on Monday. The Tokyo 2020 Games, originally due to start this month, ... More »

Fujitsu to halve office space in three years citing ‘new normal’

Published 3y ago

TOKYO (Reuters) – Japan’s Fujitsu Ltd (6702.T) said on Monday it would halve its office space in three years as it rewrites the way employees work under a “new normal” amid the coronavirus pandemic. The IT solutions company said its roughly 80,000 group employ... More »

U.S. stock funds shed $4.6 billion in week: Lipper

Published 3y ago

(Reuters) – The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. The S... More »

EU, Britain, Taiwan dismayed by China’s new security law for Hong Kong

Published 3y ago

BRUSSELS/TOKYO (Reuters) – The European Union expressed anger while Britain and Japan voiced concern on Tuesday after China passed a national security law for Hong Kong that threatens to usher in the starkest changes for the former British colony since its ret... More »

Tokyo’s new coronavirus steps aim to balance economy and health

Published 3y ago

TOKYO (Reuters) – Tokyo on Tuesday said it will move away from numerical targets to contain COVID-19 and rely more on the advice of a committee of experts, to try to control the novel coronavirus and avoid another economic slowdown. The metropolis, with a popu... More »

Grim data keeps euro, sterling under pressure

Published 3y ago

LONDON (Reuters) – A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for... More »

European shares pick up, dollar gains before quarter-end

Published 3y ago

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

Sosei, AbbVie sign drug discovery deal worth up to $1 bln

Published 3y ago

(Reuters) – Japan’s Sosei Group Corp will collaborate with AbbVie Inc on a drug discovery partnership that could be worth up to $1 billion. Sosei shares soared 12.4% in Tokyo trading, compared with a 1.2% slide in the broader market. The partnership will initi... More »

Japanese baseball fan enters empty stadium via robot

Published 3y ago

TOKYO (Reuters) – One lucky baseball fan was taken inside the otherwise empty Tokyo Dome for Yomiuri Giants’ win on Tuesday via a monitor mounted on a robot she controlled from home. Nippon Professional Baseball teams have begun their season without fans in st... More »

Global stocks shrug off fresh virus wave fears, dollar slips

Published 3y ago

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

Japan, New Zealand discuss importance of trade for world economic recovery, economy minister Nishimura says

Published 3y ago

TOKYO (Reuters) – Japan’s Economy Minister Yasutoshi Nishimura on Monday discussed the importance of free trade for a world economic recovery with New Zealand’s Minister for Trade and Export Growth David Parker, Nishimura said. Parker and Nishimura also talked... More »

China warns of reprisal as Japanese city changes disputed area name

Published 3y ago

BEIJING (Reuters) – China said on Monday it reserves the right to respond to a Japanese city’s decision to rename the administrative area that includes remote islands claimed by both China and Japan and have long been a source of friction between the neighbour... More »

Japan withdrawing 2023 Women’s World Cup bid: Kyodo

Published 3y ago

TOKYO (Reuters) – Japan is withdrawing its bid to host the 2023 Women’s World Cup, Kyodo news agency quoted a source as saying on Monday, just days before football’s world governing body holds a vote to determine the successful candidate. The Japanese bid is o... More »

Musk says Tesla ‘Battery Day’ and shareholder meeting tentatively set for Sept. 15

Published 3y ago

(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Sunday that Sept. 15 is the tentative date for the company’s shareholder meeting and its “Battery Day” at which it is expected to reveal significant advances in battery technology. The ba... More »

Japan’s Shionogi partners with universities to develop visual coronavirus test

Published 3y ago

(Reuters) – Shionogi & Co Ltd said it is partnering with Japanese universities to develop a saliva test for coronavirus that can yield visual results in 25 minutes. The method, known as SATIC, involves heating a sample of saliva and adding it to a reagent that... More »

Balloon-like object in Japanese sky sets Twitter afire with talk of UFOs, Godzilla

Published 3y ago

TOKYO (Reuters) – The appearance of a mysterious white object in the sky over northern Japan on Wednesday set social media ablaze, with speculation ranging from UFOs to coronavirus and North Korean propaganda. Television footage taken in the northeastern city ... More »

Dollar steadies as overnight risk-off move eases

Published 3y ago

NEW YORK (Reuters) – The U.S. dollar was slightly lower in North American morning trade on Monday, stabilizing after a move higher overnight on a sell-off in risk assets over rising fears of a second wave of coronavirus infections. The dollar index =USD, which... More »

Robot built for Japan’s aging workforce finds coronavirus role

Published 3y ago

TOKYO (Reuters) – Mira Robotics developed its “ugo” robot to reinforce greying Japan’s shrinking workforce, but as the coronavirus threat persists, the Japanese startup is offering its machine as a tool in the fight against the outbreak, the company’s CEO said... More »

Aussie dollar falls amid feud with China, traders cash in gains

Published 3y ago

LONDON (Reuters) – The Australian dollar fell nearly 2% on Tuesday after China’s education ministry warned students to carefully consider studying there amid tension between the trading partners. The dollar found some footing, rising against tearaway commodity... More »

Japan, UK agree to work on swift trade agreement: Japan government statement

Published 3y ago

TOKYO (Reuters) – Japan and the United Kingdom agreed to start negotiations for a swift agreement on an economic partnership to secure business continuity for both nations, Japan’s foreign ministry said on Tuesday. Foreign Minister Toshimitsu Motegi welcomed i... More »

S&P revises Japan’s outlook to stable

Published 3y ago

(Reuters) – S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization. The ratings agency said bit.ly/3hcamcM stable outlook reflects its view that until fiscal 2023, relatively large fiscal deficits wi... More »

Europe turns red as bulls run out of charge

Published 3y ago

LONDON (Reuters) – Stock market bulls were forced to a halt on Tuesday and high-flying currencies like the euro and Australian dollar lost altitude, as a weeks-long risk rally ran into some turbulence. It all seemed so sudden. Asian equities had scored their n... More »

Explainer: What are antibody therapies and who is developing them for COVID-19?

Published 3y ago

NEW YORK (Reuters) – While some potential vaccines have emerged in the global race to find a way to stop the spread of COVID-19, many scientists and researchers believe antibody based therapies hold great promise for treating people already infected with the d... More »

Japanese traders gird for Fed to anchor yields, clip dollar’s wings

Published 3y ago

TOKYO (Reuters) – Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve. Ahead of the Fed’s two-day policy meeting that ends on... More »

Soccer: Brazil withdraws from race to host 2023 Women’s World Cup

Published 3y ago

(Reuters) – Brazil has withdrawn its candidacy to host the 2023 Women’s World Cup, with the Brazilian Football Confederation (CBF) saying the government did not consider it wise to offer financial guarantees in the midst of the COVID-19 pandemic. “Because of t... More »

Dollar treads water against euro- yuan sinks on U.S.-China tensions

Published 3y ago

NEW YORK (Reuters) – The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro EUR=EBS wa... More »

Mitsubishi Motors’ full-year profit slumps 89%

Published 3y ago

TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from falling vehicle sales as the coronavirus pandemic takes its toll on global demand for c... More »

Japan may free more regions from emergency as new virus cases drop: Asahi

Published 3y ago

TOKYO (Reuters) – Japan may lift its state of emergency in more regions this week as new coronavirus infections drop, the Asahi newspaper said on Tuesday, moving to resume sorely needed activity in the world’s third-largest economy, battered by containment mea... More »

WeWork India lays off 20% of workforce as virus lockdowns weigh

Published 3y ago

BENGALURU (Reuters) – WeWork’s India franchise said on Tuesday it laid off 100 employees, or 20% of its workforce, as the office-sharing startup joins a slew of firms that are cutting costs and revamping operations as a prolonged nationwide lockdown to curb th... More »

Sony to take full control of listed financial arm for $3.7 billion

Published 3y ago

TOKYO (Reuters) – Sony Corp (6758.T) will turn its financial arm, Sony Financial Holdings Inc (8729.T), into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesda... More »

Czech car production falls 31.1% in January-April period to 337,497 cars

Published 3y ago

PRAGUE (Reuters) – Czech car production fell 31.1% year-on-year in the January-April period to 337,497 cars, the Automotive Industry Association said on Tuesday. In April alone, when the country ground to a standstill due to measures aimed to curb the coronavi... More »

Amid rising talk of negative rates, policies in Japan, Europe get subtle tweaks

Published 3y ago

TOKYO/FRANKFURT/WASHINGTON (Reuters) – After years of applying plenty of stick to commercial lenders unhappy with negative interest rate policies, central bankers in the euro zone and Japan are experimenting with some carrot, too. With the coronavirus pandemic... More »

An easing of coronavirus prevention measures helps China’s auto plants rev up

Published 3y ago

YUYAO, China/SHANGHAI (Reuters) – In the eastern Chinese city of Yuyao, a group of five face-masked workers at a Geely auto plant, stood almost shoulder to shoulder behind an SUV as they conducted paint and other quality checks. That scene would not have been ... More »

At the movies: ‘Ben Hur’ and ‘Wizard of Oz’ as Japan reopens

Published 3y ago

TOKYO (Reuters) – The chariots of 1959 epic “Ben Hur” and the yellow brick road of 1939 fantasy “The Wizard of Oz” are back on the big screen in Japan as cinemas begin reopening from the coronavirus crisis with a slate heavy on Hollywood classics. James Dean s... More »

SoftBank in talks to sell down T-Mobile U.S. stake to Deutsche Telekom: WSJ

Published 3y ago

TOKYO (Reuters) – SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources. A deal would see Deutsche Teleko... More »

Japanese author Murakami to DJ ‘Stay Home’ radio special as virus shutdown continues

Published 3y ago

TOKYO (Reuters) – Haruki Murakami, one of Japan’s most acclaimed novelists, will host a radio special to try to lift the nation’s spirits as a state of emergency over the novel coronavirus lingers. Murakami, whose breakout novel “Norwegian Wood” debuted in 198... More »

Toyota expects profit to drop 80% this year as virus saps car sales

Published 3y ago

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles. Global automaker... More »

Japan finance minister says no tax cuts for time being to counter pandemic

Published 3y ago

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday he was not considering tax cuts, including a reduction in the sales tax, for the time being as a way of easing the economic pain from the coronavirus pandemic. “Japan’s fiscal condition is in... More »

Japan government to offer funding support for auto industry: Suga

Published 3y ago

TOKYO (Reuters) – Japan’s government will offer a wide range of funding support for the country’s automobile industry, which is facing slumping output due to the coronavirus pandemic, top government spokesman Yoshihide Suga said on Tuesday. He also told a regu... More »

In Japan’s elder-care homes, coronavirus tests limits of overstretched staff

Published 3y ago

TOKYO (Reuters) – At the Tokyo elder-care home where 27-year-old Yoshimu works, the coronavirus has stretched already tight staffing, leaving residents to sometimes sit longer in soiled diapers or to steal food from one another. “Everything’s slower. If feedin... More »

Stocks falter as anxiety grows over second coronavirus wave

Published 3y ago

SYDNEY/HONG KONG (Reuters) – Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. European markets were... More »

WeWork directors seek to preserve right to sue owner SoftBank

Published 3y ago

(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp (9984.T) over an abandoned $3 billion tender offer for the of... More »

After the triumph of Animal Crossing, a thin pipeline for Nintendo

Published 3y ago

TOKYO (Reuters) – The runaway success of Nintendo Co Ltd’s (7974.T) island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console – it lacks upcoming titles. Nintendo on Thursday said Animal Crossing,... More »

Nintendo smashes Switch sales view- says Animal Crossing is device’s fastest-selling game

Published 3y ago

TOKYO (Reuters) – Japan’s Nintendo Co Ltd (7974.T) said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six week... More »

In Japan, world’s longest-running TV cartoon show switches to re-runs as coronavirus halts production

Published 3y ago

TOKYO (Reuters) – Millions of Japanese viewers of the world’s longest-running animated cartoon TV show will have to make do with re-runs from next week after the coronavirus pandemic disrupted production, Fuji Television Network said on Sunday. Aired every Sun... More »

Green hydrogen’s time has come, say advocates eying post-pandemic world

Published 3y ago

LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.... More »

U.S. stock funds shed $10.8 million in week: Lipper

Published 3y ago

(Reuters) – U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper. U.S. taxable bond funds attracted $11.9 billion, the fourth straight weekly inflow, while money market funds draw $32.8 billion, the tenth ... More »

U.S. steers clear as global COVID-19 pledging conference begins

Published 3y ago

BRUSSELS (Reuters) – World leaders launched a pledging “marathon” on Monday – without the United States – to raise at least $8 billion for research into a possible vaccine and treatments for the coronavirus. Organisers included the European Union, non-EU state... More »

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