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McDonald's Japan appoints new leader as sales slump

U.S. President Barack Obama is working with allies to reach agreement on limited action against Syria after concluding the regime used chemical weapons against civilians. U.S. Secretary of State John Kerry sparked losses in global equities on Aug. 26 when he said President Obama believes Syria must be held accountable for the moral obscenity of using chemical weapons against its people, stoking concern unrest may disrupt Middle Eastern oil supplies.
More: http://www.bloomberg.com/news/2013-08-28/japan-shares-fall-as-yen-holds-gains-amid-syria-tension.html

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Ito Backs Japan Sales-Tax Plan as Hamada Calls for Gradual Rise

Credit: Reuters/Stringer TOKYO | Tue Aug 27, 2013 7:02am EDT TOKYO (Reuters) - McDonald's Holdings Co (Japan) Ltd (2702.T) replaced on Tuesday the president and CEO of its operating company after its first-half sales and profits dropped as higher prices put off customers. Sarah Casanova, a Canadian who has worked in McDonald's Corp (MCD.N) for 22 years, will take over from Eiko Harada, who served as president, chairman and CEO of the holding company and the operating unit since 2005, the company said in a statement. Casanova's appointment is an effort to bring in new managerial talent, Harada said in the statement. McDonald's Japan is 49.9 percent owned by McDonald's Corp. Higher input costs due to the weaker yen drove McDonalds Japan to raise the prices on some burgers this year while some Japanese chains cut their prices and convenience stores source increased their prepared food offerings. The company cut its full-year sales and profit targets after operating profits dropped more than 40 percent and sales fell 11.4 percent in the first half, largely due to a decline in promotions and discounts.
More: http://www.reuters.com/article/2013/08/27/us-mcdonalds-japan-idUSBRE97Q0E720130827

Click here to find out which 9 other ETFs experienced notable outflows, at ETFChannel.com The chart below shows the one year price performance of DXJ, versus its 200 day moving average: Looking at the read more... chart above, DXJs low point in its 52 week range is $30.49 per share, with $53.95 as the 52 week high point that compares with a last trade of $44.55. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique learn more about the 200 day moving average . Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with a special 20% off coupon http://free.yudu.com/item/details/1155724/Bodybuilding-Professors-Outmuscle-the-Stereotype from Forbes and 30 Days Free. Exchange traded funds (ETFs) trade just like stocks, but instead of shares investors are actually buying and selling units. These units can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
More: http://www.forbes.com/sites/etfchannel/2013/08/27/japan-hedged-equity-fund-experiences-big-outflow-2/

Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda are among those attending the meetings. Aso said yesterday that a failure to stem rising social welfare costs might make it necessary to further increase the tax. Abe will make the final decision on the tax at the latest by early October, Amari said earlier this week. The prime minister can postpone or cancel the increase should he determine the economy cant bear the impact. Abe will take into account the views of the expert panels and data including revised gross domestic product for the second quarter, due Sept.
More: http://www.bloomberg.com/news/2013-08-28/ito-backs-japan-sales-tax-plan-as-hamada-calls-for-gradual-rise.html

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