TOKYO Japan's lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools. But there is uncertainty over how much progress Japan can make...
TOKYO Nintendo Co Ltd unveiled its first Japanese store in Tokyo's trendy Shibuya shopping district, in a step towards greater commercialisation of its cast of popular characters. The Nintendo Tokyo store in the fashion-focused Parco department store marks the latest move into the mainstream for Japan's gamer culture and gives Nintendo...
SINGAPORE U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories. West Texas Intermediate (WTI) crude fell 10 cents or 0.18% to $56.95 a barrel by...
John Geddie (REUTERS) SINGAPORE Singapore said on Thursday it had levied an S$11.2 million ($8 million) fine on Swiss bank UBS after investigations showed its advisors deceived clients over prices for bonds and structured products. The Monetary Authority of Singapore (MAS) said UBS had reported certain malpractices in Hong Kong and Singapore...
KUALA LUMPUR (REUTERS) KUALA LUMPUR Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation. In October, India's top vegetable oil trade body told...
Kaori Kaneko and Daniel Leussink (REUTERS) TOKYO Just as Shinzo Abe becomes Japan's longest-serving prime minister, he may be leading the world's third-biggest economy into a downturn, with little ammunition left over from his landmark "Abenomics" stimulus policies deployed seven years ago. The three arrows of Abenomics - bold monetary easing, fiscal...
Sam Nussey and Chris Gallagher (REUTERS) TOKYO SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services. Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday...
Phuong Nguyen and Mas Alina Arifin (REUTERS) HANOI/BANDAR LAMPUNG, Indonesia Coffee trading in Vietnam picked up slightly ahead of the main harvest expected from mid-November, while the Indonesian market was dull as harvest season has passed, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at...
  Wayne Cole(REUTERS) SYDNEY The Australian dollar was heading for heavy weekly losses on Friday as rate-cut risk returned with a vengeance, while its New Zealand neighbour went the other way after a policy easing was ruled out for at least a couple of months. The Aussie was pinned at $0.6796, having lost...
Tabita Diela and Nilufar Rizki (REUTERS) JAKARTA Indonesia swung to a trade surplus in October due to a slower-than-expected drop in exports, despite weak global trade amid the U.S.-China trade war, data from the statistics bureau showed on Friday. Southeast Asia's largest economy recorded a trade surplus of $161.3 million in October,...