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Economy election President Donald Trump Russia Tokyo Top News 

Euro rises above $1.1480 to highest level since May 2016

July 12, 2017 TOKYO (Reuters) – The euro edged up to its highest level since May 2016 in Asian trading on Wednesday, as the dollar came under pressure following President Donald Trump’s eldest son’s release of emails suggesting he welcomed Russia’s help in last year’s election campaign. The currency was up 0.1 percent at $1.1480 after rising as high as $1.1482. (Reporting by Tokyo markets team; Editing by Sam Holmes) Powered by WPeMatico

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Canon Inc EU Tech Tokyo Top News Toshiba Medical Systems 

Canon drops to more than two-month low after EU threatens huge fine

July 7, 2017 TOKYO, July 7 (Reuters) – Canon Inc’s stock fell to its lowest levels in more than two months on Friday after EU regulators said they may fine it up to 10 percent of annual revenue for jumping the gun in its acquisition of Toshiba Corp’s medical unit. The EU Commission said it had reached a preliminary view that Canon breached rules by using a so-called “warehousing” two-step transaction structure involving an interim buyer to buy the company prior to obtaining relevant approvals. Ten percent of Canon’s annual revenue would…

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AXJO Business JPY rates Tokyo 

Japanese stocks approach two-year high, euro sags after Draghi’s comments

June 27, 2017 By Shinichi Saoshiro TOKYO (Reuters) – Japanese stocks closed in on two-year highs early on Tuesday thanks to a weaker yen while the euro sagged against its peers after European Central Bank President Mario Draghi talked up benefits of the ECB’s easy monetary policy. Japan’s benchmark Nikkei advanced 0.4 percent to 20,235.79. A rise above 20,318.11, a peak scaled a week ago, would take the Nikkei to its highest since August 2015. A weaker yen, a boon to export-reliant Japan, usually underpins the Tokyo market as the…

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Asia bank Economy rates Tokyo Top News 

Dollar firms on upbeat data, on track for weekly gains

June 16, 2017 TOKYO (Reuters) – The dollar stood tall in Asia on Friday, on track for weekly gains against a currency basket, after upbeat U.S. economic data gave investors reason to hope the U.S. central bank will stick with its plan to hike rates. The dollar index, which tracks the greenback against six major peers, added 0.1 percent to 97.474 , and was up 0.6 percent for the week. On Wednesday, the U.S. Federal Reserve raised interest rates as widely expected, and also released some preliminary details of its…

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Business Exclusive Toshiba Tokyo Toshiba Memory 

Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15

June 7, 2017 By Makiko Yamazaki, Liana B. Baker and Kentaro Hamada TOKYO/SAN FRANCISCO (Reuters) – Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate. Sources told Reuters the choice has narrowed to one bid from U.S. chipmaker Broadcom Ltd and U.S. tech fund Silver Lake and another from Toshiba chip partner Western Digital Corp and Japanese government-related investors. Toshiba is rushing to…

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Exclusive: Toshiba seeks chips buyer June 15, blasts bidder Western Digital

June 7, 2017 TOKYO (Reuters) – Japan’s Toshiba Corp aims to name a winner for its prized semiconductor unit next week, people familiar with the matter said on Wednesday, even as the struggling conglomerate criticized the chip partner that is fighting to win the lucrative business. The laptops-to-nuclear giant lashed out hours earlier with a barbed lawyer’s letter to partner Western Digital Corp , a move that may raise speculation that Toshiba is favoring the leading rival bid from U.S. chipmaker Broadcom Ltd . Rushing to get a buyer for…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Japan’s ruling party heavyweight signals readiness to join AIIB: Nikkei

May 15, 2017 TOKYO (Reuters) – Japan’s senior ruling party official has signaled Tokyo’s readiness to join the China-backed Asian Infrastructure Investment Bank (AIIB), saying it was crucial to reach a decision soon, the Nikkei newspaper reported on Tuesday. “The key would be how quickly Japan can decide to participate,” Toshihiro Nikai, secretary-general of the ruling Liberal Democratic Party, was quoted as telling reporters on Monday. Nikai, known for his close ties to China, was visiting Beijing to attend a two-day summit of China’s Belt and Road initiative that concluded…

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