Insight to uncertainty around McDonald's meat coming from China, and the impact to its stock and earnings, with CNBC's Sara Eisen, and Will Slabaugh, Stephens Inc.» Read More
TOKYO, July 30- On the second anniversary of a scheme aimed at boosting Japan's renewable energy after the Fukushima crisis, its powerful industry ministry is taking steps critics say will choke off solar investment and pave the way for a return to nuclear power.
TOKYO, July 30- Volkswagen is poised to overtake 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.
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
*Honda's N.American Q1 operating profit down 6 pct. Honda said its Mexico plant, which makes the Fit subcompact, was hit by delays as it adopted new manufacturing techniques, but the company kept its full-year U.S. sales targets unchanged and said volumes would get back on track.
*New Zealand dollar slips as Fonterra cuts payout forecast. LONDON, July 29- Sterling fell to a six-week low against the dollar on Tuesday while the New Zealand dollar dropped almost half a percent as thin summer currency markets marked time before a slew of U.S. data due later in the week.
TOKYO— McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. The U.S. fast-food chain's Japan unit on Tuesday withdrew this year's earnings and sales forecasts, citing uncertainties from the food scandal.
*New Zealand dollar slips after Fonterra cuts payout forecast. LONDON, July 29- The New Zealand dollar was the main loser among developed world currencies on Tuesday, down almost half a percent on a sign of weakness from the country's influential dairy sector.
TOKYO— Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. Honda, Japan's No. 3 automaker, posted 574 billion yen profit on 11.84 trillion yen sales for the last fiscal year, which ended March 2014.
TOKYO, July 29- Honda Motor Co's April-June operating profit rose 7.1 percent from a year earlier to 198.04 billion yen, beating analyst estimates, boosted by cost cuts and strong sales of the remodelled Fit in Japan.
KIEV, July 29- Russia called on Tuesday Japan's plans to impose sanctions on the assets of those it considered to be involved in instability in eastern Ukraine "unfriendly" and said they would harm relations between the two countries.
SYDNEY/ SINGAPORE, July 29- The dollar held near a six-month peak against a basket of currencies on Tuesday ahead of this week's Federal Reserve policy review, while the kiwi slipped after dairy giant Fonterra cut its forecast payout to farmers.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
*Japan jobs-applicants ratio hits 22- year high. TOKYO, July 29- Job availability in Japan hit its highest in 22 years in June as companies grew more confident about hiring, and household spending rebounded modestly- reinforcing expectations economic recovery will resume in the third quarter without the need for additional stimulus from the central bank.
*Dollar index holds near six-month peak, euro eight- month trough. SYDNEY/ SINGAPORE, July 29- The dollar held steady near a six-month peak against a basket of major currencies on Tuesday, as investors kept to the sidelines ahead of a policy review by the Federal Reserve.
Japan jobs-applicants ratio hits 22- year high. By Stanley White and Tetsushi Kajimoto. TOKYO, July 29- The availability of jobs in Japan held at its highest in more than two decades, official data showed, while news of rising household spending suggested consumers were shrugging off April's sales tax hike.
Hayden Briscoe, Director of Asia Pacific Fixed Income at AllianceBernstein, explains why he believes the Bank of Japan to unleash further support measures .
Alec Gutierrez, Senior Market Analyst, Automotive Insights at Kelley Blue Book, discusses Nissan's robust results in the second quarter and outlines his earnings estimates for Honda.
Izumi Devalier, Japan Economist at HSBC, warns that the government may introduce another fiscal stimulus package if economic activity doesn't pick up in July.
Takuji Okubo, Principal & Chief Economist at Japan Macro Advisors, says Japanese consumers aren't seeing sufficient wage increments to cope with rising inflation and April's sales tax hike.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.