Despite falling exports and dismal industrial output in June, Japan will recover in the second half of 2014, says John Vail, Chieif Global Strategist at Nikko Asset Management.» Read More
*Hotel helps Paris compete against others luxury capitals. It is part of a battle to attract Asia's new class of super-rich that not only pits the world's top hotel groups against each other but also cities such as Paris, New York and London.
*Subaru maker Fuji Heavy's operating profit margin at 13 pct. TOKYO, July 31- Japanese automakers Mazda Motor Corp and Fuji Heavy Industries Ltd, which makes Subaru cars, said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in April-June.
TOKYO, July 31- Mitsubishi UFJ Financial Group reported a far milder quarterly profit decline than its main banking rivals as aggressive overseas expansion dulled the impact of perennially weak loan demand at home.
TOKYO— American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. Tesla has said that Nevada, Arizona, Texas, New Mexico and California are in the running.
TOKYO— A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.
TOKYO— Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker. Sony's April-June profit soared to 26.8 billion yen from 3.1 billion yen a year earlier.
*Asia's Iran imports rise 31 pct y/y to 1 mln bpd in June. TOKYO, July 31- Iran's biggest clients took in a quarter more oil in the first six months of 2014 than in the same period of last year, with China and India holding to the higher volumes they started after the agreement that relaxed Western sanctions on Tehran.
TOKYO, July 31- Fuji Heavy Industries, the maker of Subaru- brand cars, on Thursday posted a 13 percent rise in April-June operating profit on strong sales of its Forester SUV in the United States, cost cuts and a weaker yen.
KEEPING SCORE: The Hang Seng in Hong Kong slipped 0.1 percent to 24,695.71 while Tokyo's Nikkei was up 0.4 percent to 15,711.94. South Korea's Kospi shed 0.3 percent to 2,076.14 and China's Shanghai Composite was nearly flat at 2,283.72.
*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY/ TOKYO, July 31- The dollar held below a 10- month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.
TOKYO, July 31- The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade.
KOBE, Japan- Bank of Japan board member Takahide Kiuchi speaks to business leaders in Kobe. ROME- French Finance minister Michel Sapin visits Rome. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at seminar hosted by Naigai-Josei Chosa-kai in Tokyo- 0330 GMT.
NEW YORK— About 11,000 Kawasaki off-road vehicles are being recalled because debris can cut through the foot rest area and hurt riders' legs. They were sold at Kawasaki dealers from October 2011 to July 2013 for about $13,400. Owners of the recalled vehicles should stop using it and contact a Kawasaki dealer, or call 866-802-9381, to get a free repair.
BERLIN, July 30- Germany and the European Union are trying to convince several non-EU countries to join the bloc and United States in imposing sanctions against Russia for its support of separatist rebels in eastern Ukraine, the Foreign Ministry said on Wednesday.
TOKYO— World markets were mostly higher Wednesday ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian stocks. KEEPING SCORE: In morning trade in Europe, France's CAC 40 dipped 0.1 percent to 4,359.30 and Britain's FTSE 100 was flat at 6,807.75.
LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.
TOKYO— Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3 DS video-game machine sales. Kyoto- based Nintendo reported a 9.92 billion yen April-June loss compared with an 8.62 billion yen profit a year earlier.
SYDNEY/ SINGAPORE, July 30- The dollar touched a six-month high against a basket of major currencies on Wednesday, holding firm ahead of a Federal Reserve policy decision and U.S. gross domestic product data due later in the day.
SYDNEY/ SINGAPORE, July 30- The dollar hovered near a six-month high against a basket of currencies on Wednesday as investors awaited a Federal Reserve policy decision and U.S. gross domestic product data due later in the day.
*VW expected to overtake Toyota this year with China growth. TOKYO, July 30- Volkswagen is closing in on Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China- the world's biggest auto market- while Toyota curbs growth to focus on shoring up quality.