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  • TOKYO, April 16- Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of...

  • Why China's 7% growth target is 'too high'   Wednesday, 15 Apr 2015 | 11:12 PM ET
    Why China's 7% growth target is 'too high'

    Paul Gruenwald, chief economist, Asia Pacific at Standard and Poor's Ratings, says China may struggle to reach its 2015 growth target as the problem of oversupply persists.

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are to meet on Thursday to agree on a $1.7 billion rescue and restructuring plan for the loss-making electronics maker, a person involved in the discussions said. An agreement between the Osaka- based company and its main lenders, Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, would be Sharp's second big bailout...

  • Are fossil fuels about to become extinct? Wednesday, 15 Apr 2015 | 10:22 PM ET
    A worker cleans the panels in a solar power park run by the Costa Rican Electricity Institute (ICE) as the power company has managed to produce all of the electricity for the nation from renewable energy sources for more than 80 days straight on March 26, 2015 in Guanacaste, Costa Rica.

    Solar's big heyday may be just three years away as the unsubsidized cost of panels plus storage will cost less than the grid in some areas, Bernstein said.

  • 'China is conscious that AIIB cannot fail': Pro   Wednesday, 15 Apr 2015 | 8:46 PM ET
    China is conscious that it cannot fail: Pro

    Philippe Le Corre, fellow at The Brookings Institution, discusses the involvement of European nations in the Asian Infrastructure Investment Bank and explains why the new institution is a big challenge for China.

  • TOKYO, April 16- Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent. Wall Street shares posted sizeable gains overnight on several strong corporate earnings results and the pan-European...

  • OECD: Japan's QQE is successful   Wednesday, 15 Apr 2015 | 8:15 PM ET
    OECD: Japan's QQE is successful

    Randall Jones, head of Japan and Korea Desk at OECD, says the Bank of Japan's quantitative and qualitative easing (QQE) program has worked to lift inflation expectations, but stresses the need to speed up reforms.

  • DIARY- Top Economic Events to April 28 Wednesday, 15 Apr 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank Vice President Vitor Constancio speaks before the Levy Economics Institute of Bard College 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies- 1300 GMT. WASHINGTON- International Monetary Fund Deputy Managing Director Min Zhu, Central Bank of Malaysia Governor Zeti Akhtar Aziz, Turkey Deputy...

  • What diamond prices are signaling about inflation Wednesday, 15 Apr 2015 | 2:59 PM ET
    Diamonds

    Diamond prices have fallen 14 percent over the last year, but does that point to a larger trend of global deflation?

  • The decision is the latest twist in a struggle for control between the shareholders Luxembourg- based Ternium SA and Japan's Nippon Steel& Sumitomo Metal Corp.. Ternium said on Wednesday it would appeal the CVM decision, while Nippon said it needed to fully understand the details before making a decision. The CVM decision relates to last October, when Ternium...

  • TOKYO— Toyota plans to build new auto assembly plants in Mexico and China, ending a self-imposed 3- year break from expansion over quality concerns due to massive recalls. Toyota Motor Corp. announced Wednesday it will invest $1 billion in the plant in the Mexican state of Guanajuato, creating 2,000 jobs to make the Corolla compact car, the company's...

  • Toyota to set up shop in yet another country Wednesday, 15 Apr 2015 | 9:00 AM ET
    A Toyota Corolla LE is displayed during the LA Auto Show in Los Angeles, November 2013.

    Toyota is joining other major automakers and turning to this Latin country to build and export vehicles.

  • NEW YORK, April 15- U.S. fast food workers fighting for better wages enlisted students, healthcare workers and racial justice activists to swell the ranks of rallies set for Wednesday in 230 cities. The latest wave of protests to press for pay increases to $15 an hour was expected to kick off in New York at dawn outside a McDonald's in Brooklyn, pick up momentum...

  • TOKYO, April 15- Japanese government bonds were narrowly mixed on Wednesday ahead of the next session's 20- year sale, underpinned by the Bank of Japan's buying operations. The BOJ offered to buy 375 billion yen worth of JGBs in the 1- year to 3- year zone, 375 billion yen in the 3- year to 5- year zone, and 400 billion yen in the 5- year to 10- year zone under its massive...

  • Correction: Japan-Nuclear-Flawed Cleanup story Wednesday, 15 Apr 2015 | 2:56 AM ET

    TOKYO— In a March 24 story about flawed projects at the Fukushima nuclear plant, The Associated Press reported that a 32 billion yen machine made by Areva SA to remove radioactive cesium from water at the Fukushima nuclear power plant lasted just three months. The story should have specified that the 32 billion yen cost also covered related equipment and...

  • UPDATE 1-OECD says BOJ has done enough, warns of QQE risks Wednesday, 15 Apr 2015 | 12:48 AM ET

    *Yen will rise long-term if Japan revives economy-Gurria. TOKYO, April 15- Japan must be mindful of the risks of its massive monetary stimulus and speed up much-needed structural reforms to revive the economy, the OECD said on Wednesday, warning of delays in their implementation. "The first arrow is working, but there are limits," Gurria told reporters after issuing...

  • TOKYO/ SYDNEY, April 15- The dollar took back some ground lost after a surprisingly weak U.S. retail sales report, while the Australian dollar edged lower on Wednesday after downbeat Chinese economic data. Retail sales, industrial output and fixed asset investment growth rates all missed analyst expectations, with fixed-asset investment- a key economic demand...

  • North Korea nuke threat: What US, South Korea can do

    Christopher Hill, former U.S. ambassador to South Korea, discusses the threat of North Korea's nuclear missiles and explains what it means for the U.S. and South Korea.

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • NEW YORK, April 14- The dollar sank on Tuesday after March U.S. retail sales data, while the strongest in a year, came in below expectations, triggering a sell-off that pulled the greenback down from the prior week's strong gains. At the same time, a second blow to the U.S. economic outlook came from the International Monetary Fund. "I wouldn't be surprised if people...