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Thu, 17 May 2012
(Photo: WN / Arturo Ubaub)Why A Japanese E-Commerce Giant Is The Lead Investor In Pinterest
Rakuten Website...Full Story

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(Photo: AP / Martin Oeser)Europe's banks on the brink
President of the European Central Bank Jean-Claude Trichet looks on during a news conference in Frankfurt, on Thursday, June 10, 2010. T...Full Story

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Tokyo stocks set to languish as Europe crisis brews anew
| As risk-aversion spawned by fresh concern over the eurozone sovereign debt crisis dominates equity markets, Tokyo stocks are expected to stay in the doldrums as markets abroad deteriorate. | In March, the Nikkei index climbed back above the 10,000 line for the first t...Full Story
Changes key as HK step up bid to halt mighty Japan
Hong Kong have made five changes to the starting lineup that figured in the narrow loss to South Korea as they attempt to stop the Japan juggernaut at the HSBC Asian Five Nations Top 5 competition in Tokyo tomorrow. | //--> Friday, May 18, 2012 | Hong Kong have made fiv...Full Story
Sizzling Japan bonanza
Teppanyaki restaurants Kaika (Tel: 2972-2888) and Kaiko (Tel: 2895- 0885) are offering buy-three-get-one-free lunch sets on weekdays. | //--> Ivy Ong-Wood | Friday, May 18, 2012 | ADVERTISEMENT | Teppanyaki restaurants Kaika (Tel: 2972-2888) and Kaiko (Tel: 2895- 0885) ...Full Story
Good brain food
In such warm and humid conditions, we all yearn for something simple and refreshing. Rice and pasta are so last season - given how sluggish they make you. So, how about some sashimi? | //--> Mercy Lo | Friday, May 18, 2012 | In such warm and humid conditions, we all yea...Full Story
Micron stock jumps after chip order reports
Mark Anderson Staff Writer- Sacramento Business Journal Email | Twitter | Reports that Apple Inc. is making large chip orders with Elpida Memory Inc. have spiked interest in Micron Technology Inc.'s stock. | Micron was one of the most actively traded stocks today, accor...Full Story
Pinterest raises $100 million to bolster growth
By Laurie Segall @CNNMoneyTech May 17, 2012: 3:05 PM ET | NEW YORK (CNNMoney) -- Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, B...Full Story
Kobo investor Rakuten invests US$100 million in social media site Pinterest
| TORONTO - The Japanese e-commerce firm that bought e-reader company Kobo Inc. is now picking up a major stake in social media site Pinterest. | Tokyo-based Rakuten Inc. will invest US$100 million into the website, which launched in 2010 but has experienced a surge in ...Full Story
USD Remains Overbought, JPY At Risk As Intervention Threats Resurface
| Index | Last | High | Low | Daily Change (%) | Daily Range (% of ATR) | DJ-FXCM Dollar Index | 10098.47 | 10141.6 | 10088.66 | -0.21 | 117.63% | Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar ) remains 0.24 percent lower from the open, we’re mai...Full Story
Obama likely to tap Strategic Petroleum Reserve
By Steve Hargreaves @CNNMoneyInvest May 17, 2012: 2:59 PM ET | A release of oil from the world's strategic petroleum reserves is still likely despite the recent fall in crude prices as up to 1 million barrels a day could soon be lost from Iran. | NEW YORK (CNNMoney) -- ...Full Story
CURRENCIES & BONDS / Dollar moves little above 80 yen in Tokyo amid deepening Greek debt crisis
| The dollar was almost flat at levels moderately above 80 yen in Tokyo trading Thursday, as traders retreated to the sidelines following sell-offs of the euro on the back of the deepening Greek debt crisis. | At 5 p.m., the dollar stood at 80.32-34 yen, against 80.37-3...Full Story
TPP talks end with no progress on Japan's entry
| DALLAS (Jiji Press)--The 12th round of Trans-Pacific Partnership multilateral trade talks concluded Wednesday in Dallas with an agreement on support measures for small and midsize firms, but no progress was made on the possibility of Japan entering the talks. | The ni...Full Story
TOKYO EXCHANGE / Nikkei rebounds on stock buybacks
| Stocks on the Tokyo Stock Exchange bounced back Thursday, as mainstay issues of the benchmark Nikkei average attracted buybacks. | The 225-issue Nikkei Stock Average closed up 75.42 points, or 0.86 percent, at 8,876.59. On Wednesday, the key market index fell 99.57 po...Full Story
Luxury Hotel Seiyo Ginza to close doors
| Hotel Seiyo Ginza, a luxury hotel in the Ginza district of Chuo Ward, Tokyo, will close its doors next year after about 26 years in business, Tokyo Theatres Co., the hotel operator's parent firm, has said. | The major movie promotion company will close the hotel at th...Full Story
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Thu 17 May 2012
Bank of Tokyo-MUFJ stops Iran deals
Daily Yomiuri | Bank of Tokyo-Mitsubishi UFJ has suspended settlement of Iran-related transactions in response to a U.S. court order, informed sources said Thursday. | The federal district court in New York ordered the core unit of Mitsubishi UFJ Financial Group I...
FOREX-Yen rises; Greece, Spain fears slam euro
Reuters | * Worries about Greece euro exit, banking sector hurt euro | * Euro hits 4-month low vs firmer dollar, 3-month low vs yen | * Spain's Bankia shares tumble, talk of possible downgrades | By Gertrude Chavez-Dreyfuss | NEW YORK, May 17 (Reuters) - The...
Ghana, Japan sign $13.8m aid agreements
Ghana Business News | Alhaji Mohammad Mumuni, Minister of Foreign Affairs and Regional Integration on Thursday said Japan’s continued financial support to Ghana’s development is a manifestation of the strong bonds of friendship and mutually beneficial cooperation. |...
UPDATE 1-Honda to assemble hybrids in Thailand-Nikkei
Reuters | n">May 18 (Reuters) - Honda Motor Co plans to assemble the hybrid version of its Fit subcompact outside Japan for the first time, Japanese business daily the Nikkei said. | Japan's third-biggest carmaker will assemble the 1.3-liter car in Thailand,...
UPDATE 3-Pinterest financing values company at $1.5 bln
Reuters | * Japan's Rakuten leads $100 mln investment | * Other investors include Andreessen Horowitz, Bessemer, FirstMark Capital | * Rakuten CEO Mikitani to take advisory role at social networking firm | By A. Ananthalakshmi | May 17 (Reuters) - Silicon Va...
Japan Launches Commercial Rocket Business
Wall Street Journal By CHESTER DAWSON | TANEGASHIMA—Japan launched for the first time early Friday a rocket with a non-Japanese payload, fulfilling a spare-no-expense, two-decade quest to compete in the world's $4.3 billion commercial satellite-launch business. | ...
New financing deal values Pinterest at $1.5 billion
Yahoo Daily News | It's the most expensive wedding and cupcake photo scrapbook in the world | Up-and-coming social networking site Pinterest has raised $100 million in a new round of financing, a deal that values the community digital scrapbook at $1.5 billion....
Mesa del Sol Unveils First Smart Grid in the Nation
Yahoo Daily News | Partnership between NEDO of Japan and U.S. Partners | Albuquerque, NM (PRWEB) May 17, 2012 Mesa del Sol, Albuquerque’s visionary mixed-use, master planned community in the southern part of the city, once again made history when it unveiled it...
Fifth Third exec: Growth opportunities lie overseas
Business Journal Steve Watkins Staff Reporter- Business Courier Email | Twitter | If companies want to grow faster than about 2 percent annually over the next several years, their best bet is to expand globally. That's according to Fifth Third Bank's international ba...
Toyota's U.S. finance unit plans sale of 5-year dollar bonds
Detroit news By Charles Mead Bloomberg News Comments | Toyota Motor Corp., the world's largest automaker, plans to sell five-year debt through its U.S. finance unit, according to a person familiar with the offering. | Proceeds from Toyota Motor Credit Corp.'s pla...
Subaru to increase U.S. plant capacity by 15 pct
Reuters | n">May 17 (Reuters) - Subaru said it will increase production capacity at its Lafayette, Indiana, plant by 15 percent due to growing demand for the Outback crossover vehicle and Legacy car. | Subaru, a unit of Japan's Fuji Heavy Industries Ltd , sa...
Eurozone concerns drag markets lower
Houston Chronicle | LONDON (AP) — Fears surrounding the stability of the 17-country eurozone — particularly the state of Spain's financial system and whether Greece might be forced out of the single currency union — pushed global markets down again on Thursday. ...
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Full StoryTokyo stocks set to languish as Europe crisis brews anew
Full StoryChanges key as HK step up bid to halt mighty Japan
Full StorySizzling Japan bonanza
Full StoryGood brain food
Full StoryObama likely to tap Strategic Petroleum Reserve
Full StoryGhana, Japan sign $13.8m aid agreements
Full StoryEurozone concerns drag markets lower
Full StoryEurozone concerns drag markets lower