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Honda Unexpectedly Boosts Profit 8.1% on U.S. Sales of Civic, Fit Compacts

Honda Motor Co., Japan's second-largest automaker, posted an unexpected 8.1 percent gain infiscal first-quarter profit after record gasoline prices spurreddemand for its fuel-efficient Fit and Civic cars.
[in Bloomberg: Financial News, Japan]

4 dead in residential fire in Chiba Pref.

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[in Kyodo: Top News]

Yen Weakens as Orders for U.S. Durable Goods Unexpectedly Gained in June

The yen weakened against all of theother major currencies as an unexpected increase in orders forU.S. durable goods last month bolstered speculation thatinvestors will buy higher-yielding assets funded in Japan.
[in Bloomberg: Financial News, Japan]

Kikkoman to set up joint venture in China to expand soy sauce sales

Berkley May Be Next Insurer Deal, Says Farnam, After Calling Philly Buyout

W.R. Berkley Corp. may be the nextfamily-run U.S. insurer to find a buyer after James Maguireagreed on July 23 to sell his Philadelphia Consolidated HoldingCorp. for $4.7 billion, KBW Inc. analyst Robert Farnam said.
[in Bloomberg: Financial News, Japan]

Yahoo Japan head expects Softbank to buy U.S. parent's stake in it

Nepalese police detain over 100 protesting Tibetan exiles

Baseball: Sekimoto hits grand slam as Hanshin routs Chunichi

WTO free trade talks face critical stage

The beleaguered global free trade talks under the World Trade Organization approached a critical stage Friday as a make-or-break meeting of ministers from major trading powers entered its fifth day with minimal progress. ''Some convergences have been recorded but progress remains painfully slow after four days of ministerial-level negotiations,'' WTO Director General Pascal Lamy told delegates, according to the Geneva-based organization.
[in Kyodo: Top News]

Isetan Mitsukoshi to liquidate German subsidiary