Cheaper tomorrow? Bank of Japan battles entrenched ‘deflation mindset’
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda does not need to convince Japanese people like Kazue Shibata that deflation brings problems, but getting them to believe that higher prices will make things better is proving to be a harder sell….
Wanted: 500,000 pilots for China aviation gold rush
BEIJING (Reuters) – China’s national civil aviation authority says the country will need to train about half a million civilian pilots by 2035, up from just a few thousand now, as wannabe flyers chase dreams of landing lucrative jobs at new air service…
After the “bulldozer”: Hyundai’s consensus-building heir-apparent
SEOUL (Reuters) – When he attended design preview meetings for the Genesis luxury sedan, Hyundai Motor heir-apparent Chung Eui-sun suggested features he’d seen on high-end European rivals, such as a pop-up navigation screen and a gearshift that rises a…
Lockheed’s F-35 fighter to start testing on USS Nimitz carrier
WASHINGTON (Reuters) – Lockheed Martin Corp’s F-35 fighter jet is slated to begin two weeks of developmental testing on board the USS Nimitz aircraft carrier, marking another key milestone for the Pentagon’s biggest weapons program.
Monte Paschi working on ‘substantial’ capital increase: source
LONDON (Reuters) – Italy’s Banca Monte dei Paschi di Siena is working on a rights issue to fill at least half of a 2.1 billion euro ($2.6 billion) capital hole uncovered in a European financial health check, a source with direct knowledge of the matter…
Wounded Japan PM grapples with tax jinx after BOJ eases
TOKYO (Reuters) – When Prime Minister Shinzo Abe raised Japan’s sales tax from April, he was betting he could break a jinx that has doomed leaders who raised the levy to losing their jobs.
European growth as elusive as quicksilver
LONDON (Reuters) – Data from both sides of the Atlantic will give clues in the coming week on just how bad the euro zone economy is and just how sustainable is its U.S. counterpart.
Unknown election outcome is stocks’ big fear
NEW YORK (Reuters) – A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility.
Takata discloses air bags with a new flaw were made from 2008-2014
DETROIT (Reuters) – Takata Corp disclosed for the first time that it began making air bags with a recently discovered flaw as early as 2008, in a report to the U.S. National Highway Traffic Safety Administration that the agency released on Saturday.
Putin awards a posthumous Order of Honour on Total’s Margerie
MOSCOW (Reuters) – Russian President Vladimir Putin has awarded a posthumous Order of Honour to Christophe de Margerie, chief executive of France’s Total oil company, killed when a business jet collided with a snow plough during takeoff at Moscow airpo…
