Economic news(2024/11/28)
Unitika announces withdrawal from its original textile business
2024-11-28 20:39:00
Unitika, a major textile manufacturer, has officially announced that it will withdraw from its original textile business, which has been in the red for some time. As a result, its main banks and other institutions are expected to agree to waive approximately 43 billion yen in debt.
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China attacks Japan with pickup trucks at Thai auto show
2024-11-28 20:30:00
The Thailand Auto Show began on the 29th, and competition is intensifying in the pickup truck market, where Japanese manufacturers hold a large share, with Chinese manufacturers announcing new models one after another.
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Sumitomo Corp and others participate in Seven & i Holdings intermediate holding company stock bid
2024-11-28 20:14:00
As part of its restructuring, Seven & i Holdings is looking to sell some of its shares in an intermediate holding company that manages businesses other than convenience stores, and it has been revealed that major trading company Sumitomo Corp. and an American investment fund have participated in the bid. Several other parties are expected to participate in the bid, and Seven & i plans to narrow down the buyers.
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Yen rises as Fed to cut interest rates grows
2024-11-28 19:12:00
On the Tokyo foreign exchange market on the 28th, expectations that the US Federal Reserve Board would lower interest rates at its December meeting led to a move to sell dollars and buy yen, causing the yen to rise in value compared to the 27th.
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Aeon Card opens victim hotline, card usage suspended due to continued fraud
2024-11-28 19:10:00
AEON Financial Services has opened a new AEON Card victim consultation hotline to urge caution, as there have been a series of cases of people whose credit card information has been stolen and who have reported the suspension of their cards, only for them to continue being used fraudulently.
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Chemical manufacturers conduct joint transport demonstration experiment to address labor shortage in logistics industry
2024-11-28 18:49:00
In an effort to address the labor shortage in the logistics industry, a demonstration experiment in which major chemical manufacturers jointly transport products was carried out in Ichihara City, Chiba Prefecture, and was open to the press.
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Unitika announces withdrawal from its original textile business
2024-11-28 18:15:00
Unitika, a major textile manufacturer, has officially announced that it will withdraw from its original textile business, which has been in the red for some time. As a result, its main banks and other institutions are expected to agree to waive approximately 43 billion yen in debt.
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October sales figures for five Japanese automakers in China fall below last year's level
2024-11-28 18:08:00
The number of vehicles sold in China by major Japanese automakers in October was down compared to the same month last year for all five companies that sell locally. With the growing demand for EVs (electric vehicles), Japanese automakers that mainly sell gasoline-powered vehicles continue to struggle.
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Consideration is being given to reducing the number of unreserved seats on the Shinkansen "Nozomi" from three to two cars
2024-11-28 17:19:00
JR Central and JR West are considering reducing the number of unreserved seats on "Nozomi" trains on the Tokaido Shinkansen and Sanyo Shinkansen lines from three to two starting next spring. This is to accommodate the growing need to reserve reserved seats online, and will be the first time that unreserved seats will be revised throughout the year.
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[Live Streaming] Unitika announces withdrawal from its original textile business
2024-11-28 16:44:00
Unitika, a major textile manufacturer, has officially announced that it will withdraw from its original textile business, which has been in the red for some time. As a result, its main banks and other institutions are expected to agree to waive approximately 43 billion yen in debt.
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Osaka-based textile giant Unitika to withdraw from its original textile business
2024-11-28 12:27:00
Unitika, a major textile manufacturer, has decided to withdraw from its original textile business, which has been in the red for some time. As a result, its main banks are making arrangements to forgive 30 to 40 billion yen of debt.
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Stock prices rise as buying orders for semiconductor-related stocks expand
2024-11-28 12:19:00
On the 28th, the Tokyo stock market saw the Nikkei average rise as buying orders for semiconductor-related stocks spread on speculation that the US government's semiconductor regulations on China may not be as strict as expected.
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The NY Dow briefly surpassed 45,000 dollars for the first time due to optimism about the US economy
2024-11-28 08:01:00
On the 27th, the New York stock market saw buying orders due to optimism about the US economy, and the Dow Jones Industrial Average briefly exceeded 45,000 dollars for the first time, but then fell due to selling orders to lock in profits.
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"God of Management" Konosuke Matsushita becomes AI Panasonic HD
2024-11-28 06:58:00
An AI (artificial intelligence) has been developed that recreates Konosuke Matsushita, the founder of Panasonic Holdings who was known as the "god of management."
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NY market: Yen exchange rate: Temporarily, 1 dollar = 150 yen range, yen strengthens and dollar weakens
2024-11-28 04:50:00
On the 27th, in the New York foreign exchange market, there was a widespread trend to sell dollars and buy yen, against the backdrop of speculation that the Federal Reserve Board would lower interest rates in December, and the yen temporarily strengthened against the dollar, reaching the mid-150 yen range.
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