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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Stretch of new Tomei to ease Golden Week rush

Category : World News

A section of the new Tomei Expressway that will eventually link Tokyo and Nagoya opened Saturday afternoon, in time for the peak travel season around the Golden Week holidays.
The route’s operator, Central Nippon Expressway Co., said vehicles for the first time can access a 160-km stretch in Shizuoka Prefecture between the Gotenba and Mikkabi junctions.

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Threatening, active faults found off Boso

Category : World News

Two previously unknown active faults were found off the Boso Peninsula in Chiba Prefecture, with one researcher warning that a jolt in the two faults at the same time could trigger an earthquake of magnitude 8 to 9.
The two faults, one at least 160 km long and the other more than 300 km, were found on the floor of the Pacific Ocean around 100 to 200 km southeast of the southern tip of the peninsula, according to a group of researchers from Hiroshima University, Nagoya University, the Japan Agency for Marine-Earth Science and Technology and other parties.

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BOJ bond move was ‘desperate’ act

Category : World News

The Bank of Japan’s decision to expand bond purchases and set a 1 percent inflation goal was a step too far that leaves it likely to finance government deficit spending, a former executive said.
“They looked like really desperate measures,” Eiji Hirano, 61, who was a BOJ executive director in charge of international affairs from 2002 to 2006, said last week in Nagoya.

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Aging pipes lurk under Nagoya

Category : World News

On Jan. 26, a sinkhole formed under the sidewalk running in front of the Mitsukoshi Sakae department store in Naka Ward, Nagoya.
The hole, measuring 3 meters across and 2 meters deep, formed when an aging sewer pipe running beneath the sidewalk caved in and the soil went into the pipe.

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River tour quits over fatal accident

Category : World News

The Tenryu River boat tours in Hamamatsu, Shizuoka Prefecture, will end after 60 years because of a capsizing last August that killed five people, including the helmsman.
Tenryu Hamanako Railroad Co. on Thursday filed papers with the transport ministry’s Chubu District Transport Bureau in Nagoya to end the tours on March 31. The tours have effectively been halted since the Aug. 17 accident.

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HSBC exits Japan after 146-year run

Category : World News

HSBC Holdings PLC, Europe’s largest bank, said it will withdraw from consumer banking in Japan, closing down six branches four years after starting the business.
HSBC will stop selling new investment products, including mutual funds, from March 8, and it will end operations in its branches in Tokyo, Osaka and Nagoya by July 31, the London-based bank said in the memo emailed to its customers Wednesday and obtained by Bloomberg News. A spokesman in London confirmed the details of the email.

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Nagoya aid for tsunami-hit city starts to pay off

Category : World News

A shiitake grower farmer in disaster-hit Rikuzentakata, Iwate Prefecture, is working to cultivate a sales channel in the Chubu region, while a Nagoya-based civil engineering company launches an office near the Tohoku city.
These are just a few examples illustrating how Nagoya’s reconstruction support project for Rikuzentakata is gradually bearing fruit in the form of economic exchanges.

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Preparatory drilling for methane hydrate off Aichi coast set to start

Category : World News

Japan Oil, Gas and Metals National Corp. was to possibly start preparatory drilling for seabed methane hydrate Tuesday evening off Aichi Prefecture, its officials said.
A deep-sea drilling vessel from the Japan Agency for Marine-Earth Science and Technology was preparing to start drilling in waters about 1,000 meters deep 70 to 80 km south of the Atsumi Peninsula near Nagoya, the officials said.

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