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  • New Mexico lawmakers grill spaceport boss Friday, 21 Nov 2014 | 9:38 AM ET

    SANTA FE, N.M.— Lawmakers demanded more details Thursday about how the New Mexico Spaceport Authority plans to succeed now that the nearly quarter-billion-dollar Spaceport America stands empty and commercial fights by anchor tenant Virgin Galactic have been delayed indefinitely. There have been concerns about the spaceport's future after Virgin...

  • *Shares soars as China cuts rates, Draghi talks bond buying. *Euro tumbles on Draghi, Aussie rises on China. LONDON, Nov 21- World shares surged on Friday as China surprised markets with its first interest rate cut in more than two years and the European Central Bank's Mario Draghi threw the door wide open to full scale money printing.

  • Japan orders air bag maker to conduct probe Friday, 21 Nov 2014 | 6:21 AM ET

    TOKYO— Japan's transport ministry said Friday it has ordered air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the United States and other countries. The ministry also ordered Takata and Japanese automakers to study whether additional recalls are needed in Japan following a U.S....

  • *Yen rebounds after Japan finmin frets about pace of fall. LONDON, Nov 21- World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan's finance minister warned its recent weakening had been "too rapid". The region's markets have been lagging those of the United States, Japan and faster-growing...

  • TOKYO, Nov 21- Japan's annual core consumer inflation probably eased for a third straight month in October reflecting falling oil prices, a Reuters poll showed, likely keeping the Bank of Japan under pressure to act again in order to achieve its inflation target. A run of soft indicators due on Nov. 28 could raise doubts about Prime Minister Shinzo Abe's...

  • TOKYO, Nov 21- The cost of insuring Japanese government debt has risen to a one-year high after Japanese Prime Minister Shinzo Abe's decision to postpone a tax hike sparked worries about the country's weak fiscal position. The spread on Japan's credit default swaps widened to 59.5 basis points over U.S. Japan's CDS has widened by 20 basis points in the last two...

  • Japan's lower house dissolved for snap polls     Friday, 21 Nov 2014 | 12:01 AM ET

    Japanese Prime Minister Shinzo Abe dissolved the lower house of parliament, but has yet to set a date for the elections. CNBC's Kaori Enjoji has more.

  • Japan's lower house dissolved for snap election Thursday, 20 Nov 2014 | 11:17 PM ET

    TOKYO— Prime Minister Shinzo Abe dissolved the lower house of Japan's parliament Friday, paving the way for a general election next month. His ruling Liberal Democratic Party, which has been in power for most of the post-World War II era, may lose some seats but is likely to retain a solid majority with its coalition partner in the 480- seat lower house.

  • FOREX-Yen jumps after Japan fin min warns on rapid fall Thursday, 20 Nov 2014 | 10:30 PM ET

    TOKYO, Nov 21- The yen rose sharply on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. His comments triggered profit-taking on yen-selling positions that had built up after the Bank of...

  • TOKYO, Nov 21- Japan's transport minister said on Friday he had directed Takata Corp to investigate its defective air bags, which have triggered massive recalls, adding the ministry was directly in touch with the auto safety equipment supplier over the issue. About 16 million cars fitted with Takata air bags have been recalled worldwide, with more than 10...

  • Why elections will be a new dawn for Abenomics     Thursday, 20 Nov 2014 | 10:09 PM ET

    Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital Investors, says elections are buying time for Prime Minister Abe's policies, which need time to materialize.

  • Elections put dollar-yen in 'tricky spot': HSBC     Thursday, 20 Nov 2014 | 9:47 PM ET

    Dominic Bunning, FX Strategist at HSBC, outlines how the upcoming election in Japan could sway the dollar-yen pair.

  • Behind Abe's move to call for snap polls     Thursday, 20 Nov 2014 | 9:31 PM ET

    Japan's Prime Minister is motivated by hopes that elections can "purify" the ruling party from recent scandals, says Jun Okumura, Visiting Scholar at the Meiji Institute for Global Affairs.

  • JGBs edge up, BOJ buying helps longer-dated maturities Thursday, 20 Nov 2014 | 9:28 PM ET

    TOKYO, Nov 21- Japanese government bond prices edged up on Friday, lifted by slipping Tokyo shares and overnight gains in U.S. A regular operation by the Bank of Japan, through which large amounts of government debt is purchased for its monetary easing programme, also supported longer-dated JGBs. Tokyo's Nikkei skidded 0.9 percent as selling ahead of a long...

  • Nikkei sags, heads for first weekly drop in five Thursday, 20 Nov 2014 | 9:01 PM ET

    TOKYO, Nov 21- Japanese stocks skidded on Friday as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance rooted in U.S economic strength. Fast Retailing Co Ltd, the Uniqlo clothes brand owner, lost 1.3 percent, knocking 21 points off the Nikkei, while Softbank Corp sagged 0.3 percent.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • While the ruling coalition could lose some seats, it'll be enough of a majority for Prime Minister Abe to continue reforms, says Harumi Taguchi, Principal Economist at IHS Global Insight.

  • Tokyo, Nov 21- Blackstone Group LP, the world's largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co' s property unit in a deal worth more than 190 billion yen, Japan's largest property deal this year. Blackstone will buy more than 10,000 apartment units in 200 properties in Japan's largest cities...

  • Nov 20- Blackstone Group LP, the world's largest alternative asset manager, said it will buy residential assets in Japan from GE Japan Corp for more than 190 billion yen. The business owns and operates more than 200 residential properties in Tokyo, Osaka, Nagoya and Fukuoka. "This transaction supports our global strategy to reduce our equity book as we continue to...

  • Otto fired up on Japan     Thursday, 20 Nov 2014 | 12:14 PM ET

    Bank of America says fund managers are the most bullish they've been on Japan in 9 years. Melissa Otto, TIAA-CREF Active Equity Group director, discusses Japan's surprising drop in GDP.