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Iran’s oil storage struggle holds back exports to Europe

Reuters Iranian oil flows to Europe have begun to pick up from a slow start after sanctions were lifted in January, but trading sources say a lack of access to storage part-owned by Tehran’s Gulf Arab rivals now looms large on a list of obstacles. European countries accounted for more than a third of Iran’s exports, or 800,000 barrels a ...

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Japan gears up for ‘Fintech’ revolution

TOKYO / Reuters A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulation, easy access to credit due to rock-bottom interest rates, and weak demand for innovative financial services from ...

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Sharp Corp. bailout will get delayed: Hon Hai

Tokyo / Bloomberg Hon Hai Precision Industry Co., Foxconn Technology Group’s flagship company, on Sunday denied media reports that the bailout of Sharp Corp. will be approved and signed on March 31, a day after Hon Hai’s board meets. Progress in talks to acquire troubled Japanese electronics maker Sharp will determine whether the deal is discussed at the board meeting, ...

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