Business

Japan's average land prices rise for 1st time in 27 years

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Commercial land prices rose for a second straight year while the pace of decline in residential land prices slowed for a ninth consecutive year, the land ministry’s annual survey shows. Land prices are a key indicator to gauge how much Japan asset prices have recovered after decades of deflation. “Land… Read

Business

Marubeni to halve coal-fired power capacity by 2030

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Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 gigawatts (GW) by 2030 to cut greenhouse gas emissions and tackle global climate change. “As a general principle, Marubeni will no longer enter into… Read

Business

Japan's exports rise as U.S.-bound shipments grow amid trade war fears

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Japan's export growth accelerated in August from the previous month as shipments to the United States grew as Tokyo looks to avert a trade war through talks with Washington expected later this month. Ministry of Finance data out on Wednesday showed exports rose 6.6 percent in August from a year… Read

Business

Tesla confirms criminal probe into Musk talk of going private

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Tesla confirmed Tuesday that U.S. Justice Department officials were looking into possible criminal aspects of a seemingly spontaneous, and later aborted, announcement by chief executive Elon Musk on taking the electric automaker private. Shares skidded as word spread of a criminal investigation triggered by Musk's Twitter comments. Tesla shares ended… Read

Business

Paving its future: Ferrari unveils wide-ranging new plans

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Ferrari is paving its way to future growth with a look to its roots. The company's new CEO, Louis Camilleri, unveiled a new business plan Tuesday that includes reviving iconic models and embedding them with Formula One technology. Significantly expanding Ferrari's electric-gasoline hybrid powertrain offering and affirming plans to introduce… Read

Business

McDonald's workers across U.S. protest against sex harassment

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McDonald's workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. In Chicago, one of the targeted cities, several dozen protesters rallied in front of McDonald's headquarters while a plane flew overhead with a banner reading,… Read

Business

U.S.-China tariffs: What's behind them, who stands to be hurt?

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By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. Beijing has said it will swiftly retaliate against American exporters — a move that… Read

Business

Trumped: How Seoul's U.S. trade 'coup' left Korea steel in limbo as Japan marches on

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As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck. Production lines are standing idle, people with knowledge of the… Read

Business

Women in management at Japanese firms still a rarity: poll

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Three-quarters of Japanese companies have no female senior executives and the vast majority say women account for less than 10 percent of management, a Reuters poll showed, underscoring an uphill battle for Prime Minister Shinzo Abe’s “Womenomics” push. Saying he wants women to shine, Abe has championed the need to… Read

Business

Co-founder of Salesforce buys Time magazine for $190 million

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Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith had completed… Read

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