Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank, attributes the decline of Japanese shares to the lack of a TPP agreement during U.S. President Barack Obama's visit to Tokyo.» Read More
TOKYO/ BEIJING, April 24- Three employees at one of Marubeni Corp's grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports.
TOKYO— Bankruptcy proceedings began Thursday for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.
*Canon expects 16.9 bln yen boost to operating profit from weaker yen in 2014. TOKYO, April 24- Canon Inc inched up its 2014 operating profit target on Thursday due to strong sales of office copiers and printers in the first quarter, and said a reshuffle of its camera line-up had also helped boost margins.
TOKYO— Japanese camera and office equipment maker Canon Inc. on Thursday reported a hefty 16 percent gain in profit for the first fiscal quarter, largely on a favorable exchange rate, but such strong growth wasn't expected to hold up.
TOKYO— Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo.
TOKYO— The price of oil rebounded Thursday on worries about tensions in Ukraine. U.S. crude for May delivery added 31 cents to close at $101.75 a barrel on the New York Mercantile Exchange.
LONDON, April 24- The euro struggled to make headway on Thursday amid caution before a speech by ECB President Mario Draghi, while the New Zealand dollar rose after the central bank raised interest rates and signalled more tightening.
TOKYO— Global shares were mixed with European shares getting an early boost Thursday, but stocks in Tokyo slipped after talks between Japan's prime minister and visiting President Barack Obama failed to finalize a trade agreement.
LAUNCESTON, Australia, April 24- Some tentative signs are emerging that the worst may be behind for natural rubber prices in Asia. Benchmark Tokyo rubber futures slumped to 196.7 yen a kilogram earlier this week, the lowest since September 2009, before recovering to 204 yen in Thursday trade.
*China Supreme Court says Mitsui pays about $29 mln. Mitsui paid about 2.92 billion yen in leasing fees, including interest and damages, China's Supreme Court said, in a statement on its official microblog.
*Policy board meets April 30, decision seen 0330-0500 GMT. TOKYO, April 24- The Bank of Japan is set to lay out projections next week underscoring its conviction that inflation will head steadily towards its 2 percent target, suggesting it has no plans to expand stimulus any time soon despite some headwinds to growth.
SYDNEY, April 24- The New Zealand dollar rallied on Thursday after the country's central bank lifted interest rates and signalled more hikes ahead, while caution ahead of a speech by the European Central Bank kept the euro subdued.
TOKYO, April 24- For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.
April 24- Sony Corp will branch out into the real-estate business in August and plans to take the unit public in three years, the Nikkei reported without citing a source. Sony recently set up a real-estate unit in Tokyo, with the aim of generating annual sales of 50 billion yen in five years, the newspaper said.
Toyota kept its position at the top in global vehicle sales for the first quarter, outpacing General Motors and Volkswagen.
Arriving in Japan, Obama says Washington welcomes China's rise but engagement with Beijing would not come at the expense of its Asian allies.
TOKYO, April 23- Seibu Holdings Inc rose almost 11 percent on its first day of relisting on the Tokyo stock market, after its IPO price was slashed due to growing doubts over the strength of Japan's economic recovery.
Martin Schulz, senior economist at Fujitsu Research Institute, says the U.S. and Japan need to strengthen their economic relations and that the Trans-Pacific Partnership will be the main issue of this visit.
*But has set up Singapore desk, hopes for more business in SE Asia. HONG KONG, April 23- The harsh climate for metal brokers is getting worse amid rocketing costs for trading which some firms have been passing on to customers, said an executive at a unit of Japan's Mitsubishi Corp..
MOKPO, South Korea— A colleague calls Capt. Lee Joon- seok the nicest person on the ship. With more than 40 years' experience at sea, Lee could speak with eloquence about the romance and danger of a life spent on ships.