Business News Tokyo

  • TOKYO, Sept 18- Japan's Nikkei share average slipped on Wednesday as investors took profits after a 10- day rally ahead of key central bank meetings in the United States and Japan, but continued to hover not far from its four-month high touched a day earlier. Oil and gas-related companies, which led gains the previous day, dropped back as crude prices cooled on...

  • *Saudi Arabia taps reserves to ease oil supply shocks. TOKYO, Sept 18- The dollar traded near a seven-week high versus the yen on Wednesday as oil markets slowly recovered from a supply shock, but markets were cautious ahead of a U.S. Sterling traded near a six-week high versus the dollar as some speculators scaled back bearish bets on the pound, but sentiment...

  • South Koreans participate in a rally to denounce Japan's new trade restrictions and Japanese Prime Minister Shinzo Abe on August 24, 2019 in Seoul, South Korea.

    South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic row.

  • A pedestrian using his smartphone walks past an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Aug. 30, 2018.

    Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis points.

  • WASHINGTON, Sept 17- Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.. President Donald Trump said Washington had struck trade agreements with Tokyo that could be implemented...

  • TOKYO, Sept 17- Japan's Nikkei share average inched up to a 4-1/ 2- month closing high on Tuesday, as soaring oil prices triggered by attacks on Saudi crude facilities boosted oil and gas-related companies. Japan's biggest oil and gas developer Inpex Corp surged 9.7% and global engineering company JGC Corp climbed 5.6%. WeWork owner, The We Company, said it...

  • TOKYO, Sept 17- Oil dropped on Tuesday although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that cut the kingdom's output in half and sent prices soaring by the most in decades. Saudi Arabia is the world's top oil exporter and has been the supplier of last resort for decades.

  • TOKYO/ SINGAPORE, Sept 17- The greenback found broad support on Tuesday amid the geo-political, and economic uncertainties cast by the attacks on Saudi oil facilities, while the Australian dollar was sharply sold after a dovish readout from the central bank. The dollar rose to its strongest since Aug. 1 against the yen, touching 108.36 yen, helped also by U.S.

  • President Donald Trump has said Washington and Tokyo have reached an initial trade deal that he and Japanese Prime Minister Shinzo Abe are expected to sign in New York later this month. Trump's announcement has left unanswered questions over whether the agreement would deliver Japan one of the main prizes of its negotiations: a U.S. pledge not to impose...

  • TOKYO, Sept 17- Japan plans to reconfirm in the final stage of trade talks with the United States that Washington will not impose additional tariffs on Japanese vehicles and auto parts, Foreign Minister Toshimitsu Motegi said on Tuesday. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff...

  • President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval. "In addition, I also will be entering into an Executive Agreement with Japan regarding digital trade," Trump said in the letter. The Trump administration last year...

  • *London's share hits 43%, up from 37% in 2016. LONDON, Sept 16- Global daily currency turnover surged to a record $6.6 trillion, with London shrugging off Brexit uncertainty to extend its lead as the world's dominant trading hub, the Bank for International Settlements said on Monday. The latest edition, however, shows the market has bounced back with a hefty 29% jump...

  • TOKYO, Sept 16- The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country's leaders meet next week, the Tokyo Shimbun newspaper reported on Monday. Washington and Tokyo agreed to the core elements of a trade deal last month on the sidelines of a Group of Seven Summit, with Trump and Abe saying they hoped to...

  • China gold premiums little changed at $8- $11/ oz. *Hong Kong gold market losing shine amid political unrest. I think the prices aren't enticing yet at this point of time, "said Brian Lan, managing director at Singapore dealer GoldSilver Central.

  • Draymond Green of the Golden State Warriors

    Basketball champion Draymond Green is an early investor in teeth straightening start-up SmileDirectClub's IPO. Greene joins CNBC's "Power Lunch" team to discuss his investing strategy.

  • TOKYO, Sept 12- Exiting nuclear power in Japan is unrealistic, the country's new industry minister said on Thursday, in comments that reiterated the government's line but are at odds with those made a day earlier by another newly installed cabinet member. The conflicting comments by cabinet members appointed by Prime Minister Shinzo Abe on Wednesday...

  • SEATTLE/ PARIS, Sept 12- The head of Nissan Motor Co's China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said. There is also a possibility that another candidate could still be successful, with temporary Chief...

  • Sept 11- T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. "He generously shared his success with institutions and communities across Texas and Oklahoma," said former President George W. Bush. Pickens' commitment to energy projects "will have a lasting...

  • Sept 11- T. Boone Pickens, a celebrated corporate raider and energy industry magnate who made an empire out of an initial $2,500 investment, died on Wednesday at age 91, his spokesman said. In late 2017, Pickens had put his 65,000- acre Mesa Vista Ranch in the Texas Panhandle up for sale at a price of $250 million. Pickens ran energy firms, hedge funds and wind farms,...

  • TOKYO, Sept 11- Japanese Prime Minister Shinzo Abe drafted the popular son of ex-premier Junichiro Koizumi in a broad reshuffle on Wednesday that also packed his cabinet with conservative allies, as he faces a tax rise and aims to amend the pacifist constitution. At 38 years of age, Koizumi becomes the third-youngest to win a portfolio in post-war Japan, media...