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Fed hikes benchmark rate for third time this year, foresees three more in 2018 under Yellen’s successor

via The Japan Times    Dec 14, 2017

Federal Reserve Chair Janet Yellen speaks during a news conference following the Federal Open Market Committee meeting in Washington Wednesday. The Fed said Wednesday that it's lifting its short-term rate by a modest quarter-point to a still-low range of 1.25 percent to 1.5 percent. It is also continuing to slowly shrink its bond portfolio. Together, the two steps could lead over time to higher loan rates for consumers and businesses and slightly better returns for savers. | AP

The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid ...

WTO summit ends without substantial deals after U.S. criticism and snub of leadership role

via The Japan Times    Dec 14, 2017

World Trade Organization Director-General Roberto Azevedo gestures during the closing ceremony of the group's conference in Buenos Aires on Wednesday. | AFP-JIJI

A World Trade Organization conference dampened from the start by criticism from the United States ended Wednesday without any substantial agreements — the first in ...

U.S. warns firms smuggling fuel to North Korea, sometimes by ship-to-ship transfers at sea

via The Japan Times    Dec 13, 2017

White House National Security Adviser H.R. McMaster warned Tuesday that shipping companies caught smuggling goods into North Korea could be making their “last delivery” anywhere.McMaste...

Europe moves closer to own satellite navigation system with latest Galileo launch

via The Japan Times    Dec 13, 2017

An Ariane 5 rocket blasts off from the Guiana Space Centre on Tuesday, carrying four Galileo satellites. | AFP-JIJI

Europe launched four more Galileo satellites on Tuesday, taking the number in orbit to 22 and moving a step closer to having its own navigation ...

U.S., EU and Japan vow to combat market distortion in thinly veiled swipe at Chinese trade practices

via The Japan Times    Dec 13, 2017

A worker walks past a banner Sunday at the 11th Ministerial Conference of the World Trade Organization in Buenos Aires, Argentina. | AFP-JIJI

The United States, European Union and Japan have vowed to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, ...

U.S., EU and Japan join forces on Chinese excess capacity

via The Japan Times    Dec 12, 2017

A police officer stands watch as a man sweeps the floor at the headquarters of the 11th World Trade Organization's ministerial conference in Buenos Aires on Monday. | REUTERS

The United States, European Union and Japan were set to announce a joint effort on Tuesday in Argentina aimed at confronting China over its excess ...

Japan’s wholesale prices up 3.5%, fastest pace since 2014

via The Japan Times    Dec 12, 2017

Shoppers move through the toy department in an Ito-Yokado Co. store in Tokyo. Wholesale prices rose 3.5 percent in November from last year, the fastest pace since September 2014. | BLOOMBERG

Wholesale prices rose 3.5 percent in November compared with last year, the fastest pace since September 2014, the Bank of Japan said Tuesday.Prices increased for ...

Woman say sexual misconduct is common in hospitality industry and many are too scared to fight back

via The Japan Times    Dec 11, 2017

Fatima Goss Graves speaks at a discussion about sexual harassment and how to create lasting change from the scandal roiling Hollywood at United Talent Agency on Friday in Beverly Hills, California. | WILLY SANJUAN / INVISION / VIA AP

One woman recalls how a general manager at a Chicago-area restaurant where she worked told her that if security cameras recorded him reaching between her ...

Tokyo stocks continue to surge as yen retreats

via The Japan Times    Dec 08, 2017

Stocks continued to surge Friday on the Tokyo Stock Exchange, buoyed by the yen’s weakening against the dollar.The 225-issue Nikkei average soared 313.05 points, or ...

Ex-VW exec sentenced to seven years for ‘dieselgate’

via The Japan Times    Dec 07, 2017

A U.S. court on Wednesday sentenced former Volkswagen executive Oliver Schmidt to seven years in prison for his role in the German automaker’s “dieselgate” emissions ...

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