News Archive for September 1, 2014

  • Japan to Double Investment in India Within 5 Years

    TOKYO—Japan's Prime Minister Shinzo Abe set an ambitious goal of doubling Japanese investment and the number of Japanese companies in India within five years, as part of an effort by the two countries to strengthen economic and security ...

  • Beijing's Ruling on Hong Kong Sparks Protests

    HONG KONG—Hong Kong pro-democracy legislators heckled a top Chinese official on Monday as he sought to explain Beijing's position on how the city should elect its leader, while police and demonstrators scuffled outside the venue.

  • Iraq Crisis: U.S. Airstrikes Help Break Islamic State Siege on Amirli

    BAGHDAD—U.S. airstrikes helped break a two-month siege by Sunni militants on a Shiite town on Sunday, in apparent coordination with ground attacks by Shiite militias, local civilian fighters and Kurdish troops.

  • Russia's Manufacturing Sector Grows Despite Western Sanctions Over Ukraine

    MOSCOW—Russian manufacturing showed a second consecutive month of growth in August, propped up by new orders, suggesting that Western sanctions haven't yet impacted the sector, the HSBC Manufacturing Purchasing Manager's Index showed ...

  • Iliad in Talks with Third Parties About Possible Fresh Bid for T-Mobile US

    PARIS—French telecommunications company Iliad SA said Monday it was in talks with several potential partners to file a new bid for control of U.S. operator T-Mobile US Inc.

  • Russia Signals Hard Line on Ukraine Talks in Minsk

    MOSCOW—Russia signaled it would take a hard line during Ukraine talks Monday, calling on Kiev to agree to an immediate and unconditional cease-fire as President Vladimir Putin accused Ukraine's leaders of escalating the violence by refusing ...

  • BOJ May Now Be Reluctant to Affirm Positive Economic Cycle

    TOKYO—When Bank of Japan Gov. Haruhiko Kuroda speaks later this week, he may feel wary about trumpeting his mantra that a positive economic cycle is firmly in place, economists say.

  • China Gives Microsoft 20 Days to Explain Problems

    BEIJING—Chinese officials gave Microsoft Corp. a deadline to explain what they called compatibility and bundling issues with its software, putting pressure on the software maker as it faces an antitrust probe into its business practices ...

  • Europe Lenders Test Waters on Risky Bank Debt

    The prospect of quantitative easing in Europe is reviving the market for risky bank debt, with two European lenders testing the waters on so-called contingent capital, or CoCo, bonds after a monthslong drought.

  • Samsung Group Companies Continue Restructuring

    SEOUL—In the latest of a series of restructuring moves among companies in Samsung Group, the shipbuilding and engineering businesses of South Korea's largest conglomerate said on Monday they will merge.

  • Greece on Course For Growth

    ATHENS—Greece's economy contracted slightly more than expected in the second quarter of the year, but remains on course to emerge from a six-year recession in the coming months, according to figures published Monday.

  • Asia Stocks Mostly Rise

    Asia shares were mostly higher Monday, as investors brushed off weak Chinese manufacturing data and bought up technology stocks in Japan.Hong Kong's Hang Seng Index was up 0.04% at 24752.09, despite signs that economic growth in Asia's ...

  • Barclays Scales Back in Spain With Caixabank Deal

    MADRID—Caixabank SA is to buy Barclays PLC's retail banking division in Spain as the British bank scales back its presence in less-profitable markets.

  • U.K. Consumer Lending in July Highest Since 2008

    LONDON—Lending to households in the U.K. rose in July to its highest monthly total in six years, a sign that low interest rates and a fast-growing economy are reviving Britons' appetite for borrowing.

  • Ruble Hits New Record Low Against Dollar

    The Russian ruble hit a fresh record low against the U.S. dollar on Monday, burned by continuing fighting in Ukraine over the weekend and European Commission President José Manuel Barroso warning that the situation was approaching "a point ...

  • Euro-Zone Manufacturing Slows

    Activity in the euro zone's manufacturing sector slowed more sharply than first estimated in August, with Italy joining France in contraction, while German factories had their most sluggish month since September of last year.

  • China Auto Rental Prepares for IPO

    HONG KONG—CAR Inc. is planning to take orders from investors Friday for its US$500 million initial public offering in Hong Kong, the first sizable deal to test investors' appetite for new shares in the city after a fourth-week summer lull ...

  • It Pays to Count China's Little Piggies

    One piece of comforting news about China's economy has been low inflation. About 45 million breeding pigs might have something to say about that.

  • Indian Manufacturing Continues to Expand in August

    NEW DELHI—Manufacturing activity in India in August continued to expand albeit off a 17-month high in July, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index prepared by Markit showed.

  • Pakistan Protesters Seize State TV

    ISLAMABAD—Antigovernment protesters on Monday briefly occupied the headquarters of the country's state television, causing its broadcast to go blank, in a further escalation of the political crisis that is threatening to bring down the ...

  • Food Provider OSI Seeks to Repair Its Image in China

    BEIJING—OSI Group LLC said it agreed to let an arm of U.S. food-service company Golden State Foods manage one of its China plants, as it attempts to rebound from accusations that it sold past-due meat there.

  • Indian Leader Narendra Modi Wants Closer Ties With Japan to Counter China

    TOKYO—Indian Prime Minister Narendra Modi said Monday that India and Japan need to forge a closer strategic partnership to promote peace and prosperity in Asia and counter an expansionist mind-set, a veiled but clear reference to China, ...

  • Australia to Step Up Economic Sanctions on Russia


  • EU Needs Joined-Up Russian Strategy

    The European Union's new foreign policy chief Federica Mogherini said sanctions imposed on Russia have to be part of an overall strategy to counter Russian aggression in Ukraine that brings about more rational behavior from the government ...

  • German Train Drivers to Stage Walkout

    German train drivers will stage a three-hour walkout between 1600 GMT and 1900 GMT Monday, to call attention to their demands in a stalled labor dispute with Deutsche Bahn, a German train drivers labor union said.

  • Thailand Inflation Continues to Ease

    BANGKOK—Thailand's consumer prices eased further for the third consecutive month in August, leading some economists to predict that the country's central bank will keep its interest rate unchanged at least for the rest of the year.

  • U.S. Works With European Officials to Align Russia Sanctions

    U.S. officials are working closely with the European Union to keep their Russia sanctions programs aligned in timing and severity.On Saturday, European Union leaders agreed to draw up options within a week for possible new sanctions against ...

  • Crown, Heineken Clinch $1.23 billion Mexican Can Deal

    LONDON—Heineken NV has agreed to sell is Mexican packaging business to Crown Holdings Inc. for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North ...

  • German GDP Contraction Confirmed for Second Quarter

    Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office, or Destatis, confirmed Monday, putting pressure on policy makers to move ahead with measures to boost the economy.

  • Japan Capex Falls as Demand Slumps

    TOKYO—Capital spending by Japanese companies fell 1.8% in the April to June period, the latest data reflecting a slump in demand in the economy following the first sales tax increase in 17 years.

  • What a Strategy Would Look Like

    Paul Gigot: This week on "The Journal Editorial Report," President Obama backs off reports of airstrikes against ISIS in Syria, saying "we don't have a strategy yet." We'll ask Gen. Jack Keane what a successful strategy would look like. ...

  • Storms in Northeast Shut Down Concerts, Delay Flights

    Severe thunderstorms across the Northeast on Sunday slowed operations at airports, wreaked havoc at outdoor sporting and musical events in New York and Philadelphia and sent people scurrying from a beach after three men were struck by ...

  • Veterans of Thai Military Government Take Key Posts in New Cabinet

    BANGKOK—Thailand's military leaders presented a new cabinet Sunday, placing much of the responsibility for reviving the country's troubled economy in the hands of an aristocratic former central banker.

  • Indian Prime Minister Begins Japan Trip with Sightseeing

    TOKYO—Indian Prime Minister Narendra Modi spent his first full day of a five-day official visit to Japan sightseeing in the ancient city of Kyoto, accompanied by Prime Minister Shinzo Abe.

  • What's News—

    Business & FinanceAfter two years of oversupply that has battered coal prices and strained mining towns, the world's top coal-exporting companies are signaling that the worst may be over.

  • Stewart's Nascar Return Ends Early

    Tony Stewart's return to the track ended only a little over halfway through his race at Atlanta Motor Speedway.Stewart had skipped three Nascar Sprint Cup races after his car struck and killed a fellow driver in an August dirt-track race in ...

  • China Manufacturing Output Slows

    BEIJING—China's economy sputtered on in August with factory output slowing, according to two measures, as the effect of stimulus measures earlier this year fades.

  • What's News—

    Business & FinanceThe state fund that controls Malaysia Airlines said it would cut 6,000 jobs and spend up to $2 billion to revive the carrier.

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