News Column

Kyodo news summary -5-

August 4, 2014


Dollar steadies in mid-102 yen zone in calm after U.S. jobs data

TOKYO - The U.S. dollar traded narrowly in the mid-102 yen zone in Tokyo on Monday amid a lack of trading incentives, as the dust settled on underwhelming U.S. jobs data released Friday that dashed expectations of an early interest rate hike by the Federal Reserve.

At 5 p.m., the dollar fetched 102.58-59 yen compared with 102.56-66 yen in New York and 102.94-96 yen in Tokyo at 5 p.m. Friday. It moved between 102.48 yen and 102.73 yen during the day, changing hands most frequently at 102.66 yen.


Malaysia's Petronas to fund $20 mil. for search of missing MH370

KUALA LUMPUR - Malaysia's state-owned oil company Petronas Bhd. said Monday it will provide 65 million ringgit ($20.3 million) in funding to undertake underwater searches for the missing Malaysia Airlines jetliner believed to have gone down over the southern Indian Ocean.

Petronas said in a statement a side-scan sonar and a marine support vessel will be supplied by DRB-HICOM Defense Technologies Sdn. Bhd, a government-linked defense contractor.


Kennedy to attend Hiroshima ceremony with reps of nearly 70 nations

HIROSHIMA - The city of Hiroshima said Monday U.S. Ambassador to Japan Caroline Kennedy will attend the annual Aug. 6 ceremony commemorating the 1945 U.S. atomic bombing of the city.

Representatives from 68 nations including Britain, France and Russia as well as the European Union are scheduled to attend the ceremony, which will be held at the city's Peace Memorial Park on Wednesday. China will not be represented.


29 dead, 136 missing, many tourists evacuated after Nepal landslide

KATHMANDU - The death toll from Saturday's landslide in Nepal rose to 29 with security personnel digging out 19 more bodies from the debris on Monday, police spokesman Ganesh K. C. said.

Efforts to find 136 people who remain missing are ongoing, while hundreds of tourists stranded in a town along the Nepal-Tibet border were evacuated to Kathmandu by helicopters Sunday and Monday.


Most of 600 Indian fishermen reported missing have returned to port

NEW DELHI - Most of 600 or so Indian fishermen reported missing after an overnight storm in the Bay of Bengal have returned to port, West Bengal officials said Monday.

Three trawlers capsized in the bay during the storm and seven fishermen from one of the capsized boats are missing, the officials said.


75 people missing after ferry carrying 200 capsizes in Bangladesh

DHAKA - At least 75 people are missing after a passenger ferry carrying around 200 passengers capsized in the Padma River near a ferry terminal in central Bangladesh on Monday morning, district administration sources said.

A rescue team has so far recovered two bodies, acting Police Superintendent Zakir Hossain said.


Orix, ADB to set up fund on climate-related investment in Asia

TOKYO - Orix Corp., its Dutch asset management firm subsidiary Robeco Group N.V. and the Asian Development Bank said Monday they will set up a fund that will invest in climate and energy-linked transactions in Asia.

The fund, Asia Climate Partners, will also target projects related to reducing emissions of carbon dioxide in the Asian region.


Japan, Indonesia to cooperate on gas reactor development

TOKYO - The government-funded Japan Atomic Energy Agency said Monday it has reached an agreement with the Indonesian National Nuclear Energy Agency to cooperate in the research and development of high-temperature gas reactors.

Indonesia aims to begin operation of such next-generation nuclear reactors, known to have a lower risk of core meltdowns, in 2020. Under the agreement, Japan's research results will be used to construct gas reactors for experiments and demonstrations in Indonesia.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Japan Economic Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters