• Cina Giappone

    Moody’s cuts China’s rating on debt fears

    Moody’s on Wednesday slashed China’s credit rating for the first time in almost three decades citing concerns about the country’s rising debt and slowing growth, but Beijing rejected the downgrade as “inappropriate.” The move comes as China tries to clean up a toxic brew of unregulated and risky lending that ...

  • Giappone

    Dollar bounces back above ¥111.50 in Tokyo trading

    The dollar bounced back above ¥111.50 in Tokyo trading Wednesday, following a hawkish remark by the head of the Federal Reserve Bank of Philadelphia. At 5 p.m., the dollar stood at ¥111.94-94, up from ¥111.20-20 at the same time on Tuesday. The euro was at $1.1175-1176, down from $1.1252-1254, and ...

  • Giappone

    Shoko Chukin Bank raided over shady loans

    Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the Ministry of Economy, Trade and Industry and the Finance Ministry plan to look into the ...

  • Giappone

    Former Fed chief Bernanke endorses BOJ’s inflation goal

    Former head of the U.S. Federal Reserve, Ben S. Bernanke, endorsed the Bank of Japan’s extraordinary easing measures to break free of persistent deflation and underlined the importance of coordinating monetary policy with fiscal stimulus. “Despite improvement in the Japanese economy, I think there’s still a strong case for the ...

  • Giappone

    SoftBank said to take $4 billion stake in U.S. chip-maker Nvidia

    SoftBank Group has quietly amassed a $4 billion stake in Nvidia, making it the fourth-largest shareholder in the graphics chip-maker, according to people familiar with the situation. SoftBank, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments ...

  • Giappone

    Nationwide department store sales jump 0.7% in April

    April sales at department stores nationwide rose 0.7 percent from a year earlier on a same-store basis, up for the first time in 14 months, an industry group has announced. Overall sales at 229 outlets operated by 80 companies totaled ¥452.7 billion. The growth mainly reflected brisk demand for cosmetics ...

  • Giappone

    Tokyo stocks rebound on weaker yen

    Stocks turned higher on the Tokyo Stock Exchange Wednesday, helped by the yen’s fall against the dollar. The 225-issue Nikkei average gained 129.70 points, or 0.66 percent, to finish at 19,742.98. On Tuesday, the key market gauge shed 65 points. The Topix index of all first-section issues closed up 9.89 ...

  • Giappone

    Toshiba may seek buyers for Westinghouse starting this fall

    Toshiba could begin the process to sell a majority stake in Westinghouse Electric this fall as the U.S. company makes its way through a bankruptcy proceeding, according to Mark Marano, Westinghouse’s chief operating officer. Tokyo-based Toshiba has “signaled pretty clearly to the market” that it wants to divest a majority ...

  • Giappone

    Japan manufacturers’ mood slips despite economic recovery, survey finds

    Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey has found, showing guarded optimism in a nascent export-led economic recovery. The monthly poll — which tracks the Bank of Japan’s key quarterly tankan — showed confidence ...

  • USA Yemen

    UN calls for urgent funding to stem cholera outbreak

    Source: UN Office for the Coordination of Humanitarian Affairs, UN Humanitarian Coordinator in Yemen Country: YemenIn the last three weeks, authorities have reported over 35,500 suspected cholera cases, a third of whom are children, and 361 associated deaths in 19 of 22 governorates. Sana’a, 24 May 2017 Cholera continues to spread at an ...