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New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.
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BANGKOK-- Asian stock markets fell Monday as hopes dimmed for aggressive moves by China to stimulate its slowing economy.
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All three parties promised radical policy changes, including increased wages and lower taxes, while the Social Democrats said that Lithuania should postpone introducing the euro until Europe could straighten out its current financial mess.
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Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. Bernanke's speech in Tokyo was at a conference sponsored by the Bank of Japan and the International Monetary Fund.
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TOKYO-- China's central bank governor says the Chinese currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention.
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TOKYO-- Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.
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A senior Chinese diplomat made a secret visit to Tokyo this week to hold talks aimed at defusing tensions between Japan and China over a group of disputed islands, Japan’s top government spokesman said Friday. The New York Times reports.
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BEIJING-- China's import growth recovered slightly in September but was weak, suggesting that a recovery for the world's second-largest economy from a painful slump has yet to take hold. The World Bank cut its growth forecast for China this year to 7.7 percent from its May outlook of 8.2 percent.
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TOKYO-- Despite making progress on getting its fiscal house in order, the United States still has much work to do, Treasury Secretary Timothy Geithner told fellow financial leaders Saturday.
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HOUSTON, Oct 12- The U.S. Nuclear Regulatory Commission said its latest analysis of seismic faults near PG&E Corp's Diablo Canyon nuclear station in California showed the coastal plant could withstand an earthquake generated by an offshore fault identified in 2008, according to a statement on Friday.
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DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday, prompting the automaker and safety regulators to review the problem.
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HOUSTON, Oct 12- The U.S. Nuclear Regulatory Commission said its latest analysis of seismic faults near PG&E Corp's Diablo Canyon nuclear station in California showed the coastal plant could withstand an earthquake generated by an offshore fault identified in 2008, according to a statement on Friday.
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NEW YORK, Oct 12- Currency speculators pared bets against the U.S. dollar for a second straight week to their lowest level in a month, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position slid to $6.43 billion in the week ended Oct. 9, from a net short of $16.31 billion the previous week.
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DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday. Consumer Reports showed the problem to engineers from Toyota, who were visiting the magazine for other reasons last week, said Toyota spokesman John Hanson. "
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Electronics Corp for JPY 200 billion- NIKKEI. *The innovation network corp. of Japan to invest JPY 150 billion to acquire. *Toyota Motor Corp, Nissan Motor Co, Honda Motor Co, Denso Corp, Panasonic Corp, others to invest about JPY 50 billion combined-NIKKEI.
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DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday. Consumer Reports notified both Lexus and the National Highway Traffic Safety Administration.
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TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.
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TOKYO, Oct 13- Many Western economies are failing to face up to their responsibilities in the face of heavy economic headwinds, British finance minister George Osborne said on Saturday.
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PARIS, Oct 12- France supports the IMF's call to give indebted southern European countries more time to improve their finances, Finance Minister Pierre Moscovici told a newspaper on Friday, putting Paris at loggerheads with Berlin.