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Giappone
Visiting Merkel to press Saudi Arabia on refugees, rights, funding for fundamentalist schools
German Chancellor Angela Merkel arrived on Sunday in Saudi Arabia, where she is expected to press royals on a number of sensitive issues, including taking in refugees, while also boosting important business ties in her first visit to the country in seven years. Merkel met King Salman in the Red ...
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Giappone Venezuela
Maduro hikes Venezuela’s minimum wage 60%, gives away homes as unrest mounts
Venezuelan President Nicolas Maduro hiked wages and handed out hundreds of free homes Sunday amid his efforts to counter a strengthening protest movement seeking his removal. On his regular Sunday television show, Maduro ordered a 60 percent increase in the country’s minimum wage starting Monday. It was the third pay ...
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Giappone
Nikkei rises on brisk earnings, drop in yen vs. dollar
Stocks gained ground Monday, supported by brisk corporate earnings and the yen’s weakening against the dollar. The Nikkei 225 average rose 113.78 points, or 0.59 percent, to end at 19,310.52, its highest finish since March 21. On Friday, the key market gauge shed 55.13 points. The Topix, which covers all ...
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Cina Giappone
Tujia, Airbnb’s rival in China, seeking to raise $300 million
Airbnb Inc.’s Chinese rival Tujia is in talks to raise more than $300 million, putting pressure on the U.S. home-sharing startup less than a month after it officially debuted in the country. Tujia Holdings is one of China’s biggest platforms for property owners seeking to turn their homes into temporary ...
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Giappone Vietnam Myanmar
Japan’s IHI inaugurates heavy concrete factory joint venture in Myanmar
IHI Corp. held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia’s newest emerging market. The Tokyo-based heavy industry company, in partnership with Myanmar’s Construction Ministry, opened the $12.2 million facility in the Myaungdagar Steel Industrial ...
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Giappone
Think tanks expect Japan’s GDP rose 2% in January-March
The economy is projected to have grown at an annualized rate of 2.0 percent in the January-March period from the previous quarter in price-adjusted real terms, according to the average estimate of 10 private-sector think tanks. Gross domestic product is projected to mark the fifth straight quarter of expansion, led ...
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Giappone Australia
Chinese investment in Australia surges 11.7% as deals hit record
Chinese investment in Australia surged 11.7 percent last year to 15.4 billion Australian dollars ($11.5 billion) amid booming demand for agricultural assets and infrastructure, according to a report released Monday. A record 103 deals were signed with Chinese companies in 2016, with 76 percent of those reached with private firms, ...
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USA Giappone
Japan takes leadership role in bringing TPP back from dead after U.S. pullout
The nation’s chief negotiator for the Trans-Pacific Partnership free trade pact on Monday expressed Tokyo’s readiness to take the initiative in talks on the future of the deal following the United States’ withdrawal. “Japan is willing to assume a leading role to help the (remaining) 11 countries unite and find ...
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Giappone
BOJ fears housing bubble amid surging loans to build apartment buildings
The Bank of Japan is keeping a wary eye on the steep growth of bank loans to finance the construction of apartment buildings and other rental homes. The BOJ is concerned that the active lending may cause an oversupply of rental homes and an increase in vacancies, resulting in defaults ...
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Cina Giappone
Jewelers in Japan’s Yamanashi Prefecture boosting sales in Asia
Yamanashi Pref. Small and medium-size jewelry makers in Yamanashi Prefecture are expanding their sales in other parts of Asia on the back of growing demand, with their techniques and designs hailed widely in China and elsewhere in the region. The area’s jewelry industry has prospered in part because of the ...