Business
Ministop to restart in-store food prep after fake expiry date scandal
Japanese convenience store chain operator Ministop Co said Thursday it will resume sales of deli items prepared in in-store kitchens beginning this month, following a suspension after some shops were found to have falsified expiry dates. The subsidiary of Japanese retail giant Aeon Co said it will also reexamine operation… Read
Silver price hits decades high as gold rush eases
The price of silver hit a multi-decade high on Thursday as investors kept flocking to safe havens amid geopolitical and economic uncertainty, while gold eased off a record run. Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, U.S. interest rates, the… Read
Asian shares advance, oil prices dip after Israel, Hamas agree to pause fighting
Asian shares were mostly higher on Thursday after US stocks hit records again following a brief stumble. Markets in mainland China gained more than 1% as they reopened following a weeklong holiday, while U.S. futures were mixed. Oil prices fell back, then recovered to trade flat after Israel and Hamas… Read
Nissan to launch new Leaf EV in Japan, hoping to jump-start flagging sales
Nissan Motor Co said Wednesday it will roll out the new Leaf electric vehicle in Japan next week, hoping the latest model with a longer driving distance and shorter charging time will help turn around its sluggish business. Turning its flagship EV from a hatchback into a crossover, Nissan will… Read
Japan bankruptcies hit 12-year-high in 1st half of FY2025
The number of corporate bankruptcies in Japan continued to rise in the first half of this fiscal year to over 5,100, the highest level in 12 years for the April-September period, as labor shortages and rising prices weighed on small businesses, a credit research company said Wednesday. The failures, involving… Read
Gold futures rise above $4,000 per ounce for the first time
Gold futures soared above $4,000 per troy ounce for the first time Tuesday, as many investors seek a safe place to park their money during the continuing U.S. government shutdown. The going price for New York spot gold had previously closed at $3,960.60 per troy ounce — the standard for… Read
MUFG to acquire Tokyo's National Stadium naming rights from 2026
Mitsubishi UFJ Financial Group Inc is in the final stages of acquiring from next year the naming rights for the National Stadium in Tokyo, the main venue for the Tokyo Olympics and Paralympics held in summer 2021, a source familiar with the matter said Tuesday. Expected to be worth around… Read
Tesla offers cheaper versions of 2 electric vehicles in bid to win back market share in tough year
Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales. The new Model Y, costing just under $40,000 with a stripped-down interior, follows a slump in Tesla sales covering most of the past year due to… Read
Asian markets mostly higher in quiet trading after AI deals push Wall St to more records
Asian shares were mostly higher Tuesday in quiet holiday trading, while Japan’s benchmark rose to new records on hope for more government spending and lower taxes under Japan’s first woman prime minister. U.S. futures slipped and oil prices rose. Markets in mainland China and South Korea were closed. Over the weekend, Japan’s… Read
Takaichi's LDP win may send Nikkei to 50,000, but uncertainty looms
The surprising selection of Sanae Takaichi as president of Japan's ruling party may further push up the Nikkei stock index to the 50,000 threshold, aided by a weaker yen as prospects of an imminent interest rate hike by the Bank of Japan recede. The upward momentum of the key index,… Read
