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  • April sees Japan trade deficit jump to 879.9bn yen April sees Japan trade deficit jump to 879.9bn yen

    TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...

  • Japan no longer sanctions child abduction in mixed-marriage cases

    Tokyo lawmakers unanimously approve Hague convention to settle child custody in broken international marriages. But Japanese domestic laws and legal loopholes still need to change, say ...

  • Japan rates may torpedo recovery

    By James Saft (Reuters) - Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics. That could reverse gains not only in Tokyo stocks, but in stock markets world-wide which have benefited from Japanese liquidity. While a rebound in activity has allowed the Bank of Japan to upgrade its assessment of conditions for a fifth straight ...

  • Japans Daiichi says key details concealed in Ranbaxy sale

    NEW DELHI (AFP) - The Japanese owners of Ranbaxy on Wednesday accused former shareholders of the Indian company of concealing key information about a US probe into the safety of medicines made by the New Delhi-based firm.Last week, Ranbaxy Laboratories pleaded guilty in the United States to charges of making and distributing adulterated drugs at its two Indian plants of Paonta Sahib and Dewas ...

  • Sony to consider Loeb proposal of entertainment IPO

    Sony is now formally considering the proposal of hedge fund manager Daniel Loeb, who wants the company spin off part of its entertainment business. Wall Street speaks and corporations act. Sony Corp. is now evaluating a spinoff of its entertainment arm after Third Point hedge fund founder Daniel Loeb wrote the company a hand-delivered letter urging the action. The announcement comes a day before ...

Movie Review

Bruce Almighty

Bruce Almighty

Bruce Almighty might best be seen as Jim Carrey atoning for what some perceived to be his sin of trying to be a serious actor in recent years. His emoting as a serious actor worked well enough in Peter Weirs The Truman Show (1998), which allowed Carrey to expand his range without fully sacrificing all of the comedy that his fans so fervently adore. In that film, he morphed quite sea ... ...

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  • Yen eases after Japans worst April trade deficit

    TOKYO--The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fueling yen-negative ...

  • REFILE-Panasonic to stop making silicon wafers at Oregon factory-Nikkei

    Wed May 22, 2013 2:50pm EDT May 23 (Reuters) - Panasonic Corp will stop making silicon wafers, used in solar cells, at a factory in Oregon next month as it centralizes production at a plant in Malaysia, the Nikkei reported. Having shut down a plant in California last year, the company will have no processing facilities in the United States, the newspaper said. Panasonic makes silicon ingots at ...

  • Sony said it would think over spinoff proposal

    Japanese conglomerate Sony's board said it would make a good-faith effort in considering spinning off its entertainment business. One of Sony's largest shareholders, the hedge fund Third Point, run by activist investor Daniel Loeb, forwarded the proposal to Sony's board last week. Loeb suggested spinning off the entertainment divisions so the firm could focus on its struggling ...

  • Japan mulls resuming talks with N. Korea official

    TOKYO (AFP) - Japan is considering direct talks with North Korea, the government said Wednesday, adding momentum to the cause after a top level aide to the prime minister made a surprise trip to Pyongyang.Bilateral talks are on the table as Tokyo seeks to salve the running sore of abductions of its nationals by North Korean spies in the 1970s and 1980s, an issue that inflames public opinion at ...

  • Sony weighs entertainment spin-off

    Sony will consider a proposal to spin off its entertainment assets, the company's chief executive said yesterday. The proposal, submitted last week by Daniel Loeb of the US hedge fund Third Point, suggests selling 20 per cent to help free up capital to bring the company's electronics business back to profitability and boost Sony's share price by as much as 60 per cent. "We ...

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