The Daily Manila Shimbun

 

Stocks gain, peso declines by six centavos to P53.15:$1

August 3, 2018

Philippine stocks ended higher while the peso lost six centavos against the US dollar on Friday. The peso settled at P53.15 against the US dollar from P53.09 on Thursday. Volume reached $595.15 million from $849.2 million. The Philippine Stock Exchange

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Sharp to End White Goods Production in Japan

August 3, 2018

Osaka- Sharp Corp. plans to end production of white goods in Japan to shift output overseas, Chairman, President and Chief Executive Officer Tai Jeng-wu said in a message to employees on Friday. The move is designed to help the Japanese

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Import Curb to Chill Japan Investments in U.S.: Seko

August 3, 2018

Lafayette, Indiana- Visiting Japanese trade minister Hiroshige Seko reiterated on Thursday Tokyo’s opposition to the planned U.S. tariffs on cars and auto parts. The fresh tariffs proposed by the administration of President Donald Trump “will extinguish Japanese companies’ willingness to

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Toshiba Completes Sale of Westinghouse

August 2, 2018

Tokyo- Toshiba Corp. said Thursday that it has completed procedures for the sale of failed U.S. nuclear plant builder Westinghouse to Canadian fund Brookfield Business Partners LP. Leaving debts of some 9.8 billion dollars, the U.S. firm filed for Chapter

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Kobe Steel Profit Tumbles amid Data Scandal

August 2, 2018

Tokyo- Kobe Steel Ltd. said Wednesday its group net profit tumbled 49.4 pct in April-June from a year before, hit by a scandal over its falsification of quality data on aluminum and copper products. The Japanese company booked 2.5 billion

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BOJ Weighs Policy Sustainability, Side Effects: Amamiya

August 2, 2018

Kyoto- The Bank of Japan’s recent tweak in its massive monetary easing is designed to strengthen the policy regime’s sustainability while addressing its side effects, BOJ Deputy Governor Masayoshi Amamiya said Thursday. “The aim of these policy measures is to

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Idemitsu, Inpex to Work with Petrovietnam in South China Sea

August 2, 2018

Hanoi- Vietnam’s state-run Petrovietnam Oil Corp. said Wednesday that it has concluded a contract with Japanese oil companies Idemitsu Kosan Co. and Inpex Corp. on a joint oil and gas field project near China-claimed waters in the South China Sea.

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2 Years to Go: Companies Preparing for Rush of Tokyo Games Spectators

August 2, 2018

Tokyo- Companies in Tokyo are stepping up preparations to cope with an expected rush of people visiting the Japanese capital to watch the 2020 Olympics and Paralympics. The number of spectators is projected at 7.8 million for the Olympics and

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