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  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • 'Interview' ordeal at Sony just its latest crisis Thursday, 18 Dec 2014 | 6:36 AM ET

    Sony Corp. is sealed within a hermetic cone of silence as executives try to prevent the slow motion train wreck at Sony Pictures from damaging the rest of the sprawling business empire. Sony's miseries with its television and smartphone businesses were bad enough. For now, Sony's damage control strategy in Japan appears to be waiting out the crisis in silence.

  • Hackers who said they were incensed by the film attacked Sony Corp last month, leaking documents that drew global headlines and distributing unreleased films on the Internet. "Sony has no further release plans for the film," a Sony spokeswoman said on Wednesday when asked whether the movie would be released later in theaters or as video on demand.

  • Sony executives told theatres the studio would not pull the comedy. The unidentified hackers have exposed thousands of Sony's internal documents and emails to public scrutiny. "I explained that we wanted to act in a responsible fashion and that the film was designed to entertain and not to make a political statement," Lynton said, in the June 26 email to Sony...

  • Labor dispute prompts french fry rationing  Wednesday, 17 Dec 2014 | 8:26 AM ET

    McDonald's is taking measures to limit sales of french fries in Japan because of a potato shortage, reports CNBC's Michelle Caruso-Cabrera.

  • TOKYO, Dec 17- A finance ministry's key fiscal panel has called for drastic steps to cut government spending and secure revenue to meet Tokyo's aim of halving the primary budget deficit next year, a draft proposal showed, describing the goal as "quite difficult". The draft proposal highlights the need for Prime Minister Shinzo Abe to continue efforts to restore...

  • Sony executives told theatres the studio would not pull the comedy. "I explained that we wanted to act in a responsible fashion and that the film was designed to entertain and not to make a political statement," Lynton said, in an email dated June 26th this year to Sony General Counsel Nicole Seligman. Sony Pictures parent Sony Corp declined to comment on Lynton's...

  • FOREX-Dollar pulls away from lows as it awaits the Fed Wednesday, 17 Dec 2014 | 4:24 AM ET

    LONDON, Dec 17- The dollar edged higher on Wednesday after falling the previous day, when a Russian currency crisis took hold and speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. After skidding oil prices helped Russia's rouble to plunge as much as 25 percent on Tuesday, an uneasy calm took hold, as Russia's finance...

  • McDonald's in Japan limits orders of fries Wednesday, 17 Dec 2014 | 12:06 AM ET

    McDonald's in Japan is limiting the serving size of fries as stocks run short due to labor disruptions on the U.S. West Coast. It said prolonged labor negotiations with port workers on the West Coast have made it difficult to meet demand despite an emergency airlift of 1,000 tons of processed spuds and an extra shipment from the U.S. East Coast by sea.

  • McDonald's in Japan limits orders of fries Tuesday, 16 Dec 2014 | 11:06 PM ET

    TOKYO— Only small fries with that? McDonald's in Japan has begun limiting the serving size of fries as stocks of spuds run short due to labor disruptions on the U.S. West Coast. McDonald's has 3,100 outlets in Japan.

  • *Honda CEO frustrated by Takata failure to explain defect. *Takata says Honda did not disclose any faults uncovered. Two senior Honda insiders, who asked not to be named, said the tests on 100-150 Takata air bags at Honda's quality centre near Utsunomiya, north of Tokyo, in the first half of this year indicated shortcomings in Takata's manufacturing quality and...

  • *Japanese lenders also planning to offer new services in India. MUMBAI, Dec 17- Faced with a shrinking economy and tepid loan demand at home, Japan's largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi's reform agenda and improving ties between the two countries. Standard Chartered, the biggest foreign player in...

  • Japan trade deficit grows despite drop in imports Tuesday, 16 Dec 2014 | 7:45 PM ET

    TOKYO— Japan logged a trade deficit in November, the 29th straight month of shortfalls, despite a slight decrease in imports thanks to the recent plunge in crude oil prices and Japan's return to recession. Japan's costs for oil imports sank 22 percent in November from a year earlier, reducing total imports by 1.7 percent from a year earlier to 7.1 trillion yen.

  • Several hurt after American jet meets turbulence Tuesday, 16 Dec 2014 | 4:24 PM ET

    FORT WORTH, Texas— An American Airlines jet encountered severe air turbulence shortly after taking off from Seoul, South Korea, prompting an unscheduled landing at Narita International Airport in Tokyo after 14 people asked for medical attention. A statement issued by the Fort Worth, Texas- based carrier says American Flight 280 was headed for Dallas-Fort...

  • Sony facing 2 suits by ex-workers over data breach Tuesday, 16 Dec 2014 | 1:55 PM ET

    It contends that the latest data breaches are especially "surprising and egregious" because Sony Pictures has been repeatedly attacked over the years, including a 2011 hack that revealed millions of user accounts on Sony's PlayStation video-game network. The case filed by Susan Dukow and Yvonne Yaconelli alleges Sony violated California laws meant to...

  • *Crown falls to 4- yr low after Sweden holds rates. LONDON, Dec 16- The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes. Analysts say a deeper economic contraction in Russia will have a negative impact on global growth,...

  • *Board meets Dec 18-19, decision seen Dec 19 0330-0500 GMT. TOKYO, Dec 16- Prime Minister Shinzo Abe's landslide victory in Sunday's vote may be a double-edged sword for the Bank of Japan, which is looking to work with Abe to push for wage growth but may also face pressure to expand stimulus to bolster the fragile economy. Governor Haruhiko Kuroda may repeat his calls...

  • Cramer: Why Honeywell CEO loves low oil prices Monday, 15 Dec 2014 | 7:05 PM ET
    David Cote, Chairman & CEO of Honeywell International.

    Jim Cramer spoke with Honeywell CEO Dave Cote to get his take on why he is not as gloomy as everyone else right now and why he loves low oil prices.

  • TOKYO, Dec 16- The Russian rouble rebounded from record lows on Tuesday after the Russian central bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen. U.S. crude futures fell 3.3 percent on Monday after OPEC once again said it will not cut oil output...

  • Abe win does little to spur Japan's economy Monday, 15 Dec 2014 | 12:54 PM ET
    Shinzo Abe, Japan's prime minister and president of the Liberal Democratic Party (LDP), places a red paper rose on a LDP candidate's name to indicate a lower house election victory, at the party's headquarters in Tokyo, Japan, on Sunday, Dec. 14, 2014.

    Prime Minister Shinzo Abe's re-election Sunday will have little impact on Japan's stalled economic reforms.