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  • *Japan inflation slows, highlights BOJ's struggles. Market participants expected it would still take a bit of time for business to resume in full swing, with key markets in the region such Australia, Hong Kong and Singapore closed on Friday. There is no change to our view that the yen will continue to weaken as the recovery in U.S. economic fundamentals, which is at...

  • Japan inflation, industrial output weaken in Nov Thursday, 25 Dec 2014 | 7:37 PM ET

    TOKYO— Japan says its inflation rate eased slightly in November as household spending dropped, hindering the government's effort to get the world's third-largest economy out of recession and back to sustainable growth. Prime Minister Shinzo Abe is due to release soon a 3.5 trillion yen proposed stimulus plan that reportedly will focus on providing more...

  • TOKYO/ LOS ANGELES, Dec 25- Sony Corp's Tokyo headquarters is changing its usual arm's-length relationship with its U.S. studio following a massive cyberattack and the controversy over the comedy "The Interview," with the group CEO being consulted on key decisions, company officials said. Officials with direct knowledge of the relationship said Sony Pictures...

  • Citigroup to sell Japan retail bank unit to SMBC Thursday, 25 Dec 2014 | 2:33 AM ET

    TOKYO— Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp., the companies said Thursday. "This decision furthers Citi's global strategy of focusing our resources where we feel we have a competitive advantage," Citibank CEO Peter B. Eliot said in a statement. Citigroup said it also is considering selling its credit...

  • *Many markets around the region closed, as well as Europe, U.S. But many foreign investors were taking time off, and markets were closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea. They will also be closed in Europe and North America.

  • TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has a policy of making cars in markets where they are sold, decided to make the new vehicle in...

  • TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has been moving production to Indiana due to the strong yen and a policy of...

  • TOKYO, Dec 25- Bank of Japan board members made a rare call on the government to steadily promote measures to restore the country's tattered finances three weeks after expanding monetary stimulus, minutes of their November meeting showed. The November rate review was held in the midst of Prime Minister Shinzo Abe's announcement to postpone a scheduled second...

  • *Many markets closed around the region, as well as London, U.S. Markets are closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea, and will be closed later in London and New York. There were some guys taking profits in the dollar-yen this week, but most people seem happy to be caught long, "said Kaneo Ogino, director at...

  • The film was available for rental on Google Inc's YouTube site as of early Wednesday afternoon. Microsoft Corp and Sony itself are also showing the comedy, a day before the hastily scheduled premiere at some 320 independent theaters. He added that Sony had first reached out to Google, Microsoft "and other partners" on Dec. 17, the day the studio said it had no future...

  • Microsoft Corp and Sony itself are also showing the comedy, a day before its scheduled premiere at some 320 independent theaters. He added that Sony had first reached out to Google, Microsoft "and other partners" on Dec. 17, the day the studio said it was canceling the movie's Christmas Day release. The showing is a chance for Google and Microsoft, which have been bit...

  • ( (Adds comment from Google and White House). Microsoft Corp and Sony itself are also showing the comedy, the studio said, a day after agreeing to release it at some 200 independent theaters. The showing is a chance for Google and Microsoft, which have been bit players in a VOD market dominated by Apple Inc, Amazon.com Inc and cable and satellite operators, to raise their...

  • *Rouble dips after S&P threatens Russia with junk status. *Brent oil drops back to $60 a barrel. Most Asian markets had edged up overnight and Europe was looking to close the Christmas week up 1 percent despite a subdued day on Wednesday.

  • FOREX-Dollar down from highest levels in nearly 9 years Wednesday, 24 Dec 2014 | 9:42 AM ET

    NEW YORK, Dec 24- Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong U.S. economic growth data on Tuesday solidified views of coming Fed rate increases. The dollar index reached a high not seen since March 2006, while the two-year yield on U.S.

  • FOREX-Dollar holds near highest in almost 9 years Wednesday, 24 Dec 2014 | 7:19 AM ET

    LONDON, Dec 24- The dollar held near its highest point in almost nine years against a basket of currencies on Wednesday after investors brought forward forecasts for when U.S. interest rates will rise. That was the strongest sign yet that growth has shifted into higher gear and it pushed the dollar index to highs not seen since March 2006, while the two-year yield...

  • Air bag maker Takata shuffles top management Wednesday, 24 Dec 2014 | 5:17 AM ET

    TOKYO— Takata Corp., the Japanese maker of air bags at the center of massive recalls in the U.S. and elsewhere, said Wednesday that it was reshuffling its top executives, who plan to take pay cuts in response to the crisis. Takata's president Stefan Stocker is moving aside to let its chairman, Shigehisa Takada, take over, the company said in a statement.

  • *Rouble dips after S&P puts Russia on junk downgrade warning. LONDON, Dec 24- The strongest growth for the world's largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/ 2 year high. The data drove both the Dow Jones and the S&P 500 benchmark...

  • Auto industry acts globally _ except on recalls Wednesday, 24 Dec 2014 | 3:01 AM ET

    Six years ago, Honda began recalling driver's side air bags in the U.S. The air bags, made by Japanese supplier Takata Corp. at a now-shuttered plant in Georgia, can inflate with too much force, spewing shrapnel into the vehicle. But it wasn't until November of this year— after the death of a driver in Malaysia— that Honda recalled driver's side air bags in small cars...

  • Abe takes office for 3rd term as Japan's leader Wednesday, 24 Dec 2014 | 12:59 AM ET

    TOKYO— Shinzo Abe won endorsement Wednesday to serve another term as prime minister after winning a renewed mandate for his "Abenomics" strategies for reviving the world's third-biggest economy. The victory by the ruling Liberal Democrats and their coalition partner the Komei Party was viewed as an endorsement by the public of Abe's strategies for reviving...

  • SINGAPORE, Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 54 cents to $61.15 by 0400 GMT after settling up $1.58 on Tuesday. U.S. crude fell 53 cents to $56.59, after settling $1.86 higher...