Samsung has long outsourced a sizable percentage of its liquid crystal display (LCD) panels from sharp, but this may come to a halt soon, according to reports. Sharp has reportedly given Samsung a heads-up that its supply of LCD panels for the South Korean electronics company will stop beginning next year. Sharp Stops LCD Panel Supply For Samsung Sakai Display Products, a Japanese LCD joint venture between Taiwan’s […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
Your daily guide to community and cultural activities across the Emirates for December 17, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Nationwide New movie Collateral Beauty stars Will Smith as Howard Inlet, a successful New York advertising executive, who has suffered a tragedy and retreats from life, spending his time writing letters to Love, Time […]
By Laila Bassam, Lisa Barrington and John Davison | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT The evacuation of the last opposition-held areas of the Syrian city of Aleppo was suspended on Friday after pro-government militias demanded that wounded people should also be brought out of two Shi’ite villages being besieged by rebel fighters. The second day of the operation to take fighters and civilians out of Aleppo’s rebel enclave […]
Russia said the evacuation of thousands of people trapped for months in the last rebel foothold of Aleppo was finished on Friday, hours after a series of blasts halted the operation. “The Syrian army operation to liberate the militant-controlled eastern districts of Aleppo is complete,” the Russian defence ministry said. “Syrian government forces are liquidating isolated pockets of resistance by radicals.” An agreement for rebels to withdraw […]
An obscure clash involving a 28-year-old tattoo artist, the Osaka police and an ambiguous century-old medical law has spiralled into a landmark constitutional battle to save an entire industry from oblivion. The showdown in Japan follows the decision of the Osaka police to hit the local tattooing industry with the physicians’ law — a legal framework laid down in the 19th century that technically means only a […]
China has ceded its status as America’s largest creditor nation to Japan after spending a large portion of its foreign exchange reserves to defend the renminbi. Beijing’s ownership of US Treasuries fell by $41.3bn to $1.12tn in October, according to data from the US Treasury released on Thursday — the sixth straight month of decline. Japan’s holdings fell by $4.5bn to $1.13tn for the same period. Thomas […]
TOKYO Japan’s Prime Minister Shinzo Abe and Russian President Vladimir Putin wrapped up two days of talks on Friday with numerous economic deals but no big breakthrough on a territorial row that has overshadowed ties between the countries since World War Two. The following list details energy and other alliances and agreements between Japanese and Russian companies and government enterprises announced during the summit meetings: HEALTHCARE – […]
16 December 2016 MARC has affirmed its rating of AA-IS on Jimah East Power Sdn Bhd’s (JEP) outstanding RM8.98 billion Sukuk Murabahah with a stable outlook. JEP was established to develop, design, construct and operate a 2×1,000-megawatt (MW) ultra-supercritical coal-fired power plant in Jimah, Negeri Sembilan under a 25-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB). As at August 31, 2016, the power plant project […]
Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]
TOKYO Russian President Vladimir Putin said on Friday that Russia may relax rules for Japanese citizens to visit the islands in the Pacific that are subject of a territorial dispute between Moscow and Tokyo. Speaking at a news conference in Tokyo after meeting Japan’s Prime Minister Shinzo Abe, Putin also said that a solution needs to be found to the territorial dispute, and he invited Abe to […]
TOKYO Japanese Emperor Akihito, 82, has a cold and fever and has cancelled morning duties, an official at the Imperial Household Agency said on Friday. The emperor has no planned duties Friday afternoon and this weekend and will rest at the Imperial Palace, the official said. In August, Akihito said he worried that age may make it difficult for him to fully carry out his duties, remarks […]
YOKOHAMA, Japan Nissan Motor Co (7201.T) Chief Executive Carlos Ghosn said on Friday he expected the Japanese automaker to post record sales in 2017, which would be a strong year for the auto industry despite volatility in currency and commodity markets. Ghosn also said he was confident that U.S. trade policy under President-elect Donald Trump would continue to promote strong ties with Mexico, where Nissan operates production […]
Friday 02:10 GMT Overview The US dollar has climbed to a 14-year high in the wake of the Federal Reserve’s decision this week to lift interest rates, putting pressure on Asian currencies and prompting caution among traders of regional stocks. Hot topic The dollar has been one of the biggest stories of the December quarter thanks to a more robust outlook for US inflation and growth. That […]
By Kiyoshi Takenaka and Katya Golubkova | TOKYO TOKYO Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin hold a second day of talks on Friday after Abe made little headway a day earlier in his quest to resolve a territorial row that has festered since World War Two. Putin looked set to come away with a slew of economic deals and achieve what experts said […]
If Donald Trump has made bank stocks great again, Janet Yellen has just made them even greater. US financial stocks were on a tear on Thursday, extending their strong post-election market gains after the Federal Reserve raised interest rates on Wednesday and signalled that at least three more rises are on the cards for next year. The prospect that the US central bank might have to raise […]
The US dollar marched higher on Thursday, reaching its strongest level against the euro for more than a decade, after the US Federal Reserve signalled a more aggressive outlook for interest rate policy. Europe’s single currency was among the hardest hit, falling through the $1.04 level to trade at its lowest level since early 2003. Driving the dollar’s strength is a growing divergence between benchmark interest rates […]
MOSCOW Ahead of his visit to Japan later this week, Russian President Vladimir Putin brought his dog Yume into an interview with Japanese journalists, and the large Akita breed made sure she as well as her master were well heard. Putin gave an interview to Nippon Television and Yomiuri Shimbun newspaper in Moscow on Tuesday, accompanied at first by Yume, who was given to him by Japan’s […]
Thursday 11:00 GMT Overview Stock markets are trading cautiously as Treasury yields hit fresh highs after the Federal Reserve’s decision to raise interest rates for only the second time since the financial crisis. The prospect of the US central bank perhaps having to tighten policy faster than expected to reflect any additional boost to growth from president-elect Trump’s fiscal plans is lifting the dollar to a 14-year […]
ZURICH More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totalling at least $158 billion, Swiss Re said on Thursday. At an estimated $49 billion, insured losses rose by nearly a third from $37 billion in 2015, but covered less than a third of the costs incurred from catastrophes over the year. “The gap between total losses and […]
This Tuesday, July 19, 2016 photo shows a Yahoo sign at the company’s headquarters in Sunnyvale, Calif. On Wednesday, Dec. 14, 2016, Yahoo said it believes hackers stole data from more than one billion user accounts in August 2013. (AP Photo/Marcio Jose Sanchez) Yahoo said Wednesday more than a billion users may have had data stolen in a hack dating back to 2013—separate from its previously disclosed […]
TOKYO The United States military on Wednesday grounded its tilt-rotor MV-22 Osprey aircraft in Japan after Tokyo called for a halt to flights following a crash southwest of Okinawa island, the first accident involving the aircraft in the Asian nation. The aircraft has become a lightning rod for opposition to the U.S. military presence in Okinawa, with local groups seeking the closure of American bases saying it […]
BEIJING A court in eastern China on Wednesday sentenced the former Communist Party chief of the major city of Nanjing to 12-1/2 years in jail, after finding him guilty of corruption. Yang Weize, Nanjing’s top official, was put under investigation early last year by the party’s internal anti-graft watchdog. The court in Ningbo said Yang accepted bribes, either directly or through his wife, worth 16.4 million yuan […]
December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]
