JAPAN

Steam is emitted from an oil refinery in Yokohama, south of Tokyo January 26, 2011.

Bank of Japan Keeping an Eye on Easing's Effect on Crude-Oil Prices

Bank of Japan Gov. Masaaki Shirakawa said on Saturday policy makers are closely watching the impact of looser monetary policy on crude-oil prices. Along with the European Central Bank and the U.S. Federal Reserve, the Bank of Japan is taking unconventional steps to boost the economy.

G-20 Inches Toward $2 Trillion in Rescue Funds for Euro Zone

U.S. Treasury Secretary Timothy Geithner (C) arrives at a meeting of Group of 20 finance ministers and central bankers in Mexico City February 25, 2012.
Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.
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Euro-zone deal on firewall awaits Germany

Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis.
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Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group

G-20 Deal on Euro Zone Will Not be Reached This Weekend

World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
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Boeing names new head of 787 program

Boeing Co said it swapped the heads of its 787 Dreamliner and 777 programs, tapping the skills of the long-time 777 leader to ensure the delayed Dreamliner program hits a production rate target that many experts believe is unrealistic.
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Yakuza Assets Frozen By U.S. Treasury

Treasury officials announced Thursday the freezing of the financial assets held by Japan's Yamaguchi-gumi yakuza family, its leaders, and members of the Brothers' Circle.
A general view of the detector ''OPERA'' at the LNGS (Gran Sasso National Laboratory) near L'Aquila, central Italy, in this undated handout photograph.

Neutrinos May still Have Broken Light Barrier - or Not

Neutrinos which appeared to have undermined a basic law of the universe by exceeding the speed of light might have done so even faster than first thought - or might not have done it at all, physicists in Italy said on Thursday.
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Citi Sells Stake in India's HDFC for $1.9 Bln

Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.
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Asian Shares Edge up, Tempered by Oil Price Concerns

Asian shares crept higher Friday as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.
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Nikkei Breaks 9,600 to 6-1/2-Month High

Japan's Nikkei share average extended its rally and rose to a 6-1/2-month high on Friday above 9,600, heading for its best February performance in two decades.
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Asian Shares Edge up, Weighed by Oil Price Concerns

Asian shares rose Friday as solid U.S. data improved sentiment, but the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent gains.
North Korea's First Vice Foreign Minister and envoy to the six-party talks Kim Kye-gwan enters a hotel in Beijing

North Korea, U.S. Restart Nuclear Talks

The U.S. would like to ultimately recharge talks on disarmament, a process that would involve as total of six nations -- North Korea, South Korea, U.S., China, Russia and Japan.
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Buffett's Berkshire muscles into Thai reinsurance

Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.
A promotional woman shows a Sony's PlayStation Vita handheld gaming device at Tokyo Game Show in Chiba

Sony's Vita Arrives Just as Market May Be Fading

Sony Corp's Vita hits the United States on Wednesday, the latest in a long line of mobile gaming gadgets in the spirit of Nintendo's Game Boy and Atari's Lynx. But with gaming habits rapidly changing, it may also be the last of its breed.
Boeing 787

Boeing Says Fuselage Flaw Could Affect 55 Dreamliners

About 55 Boeing Co 787 Dreamliner jets may have a recently discovered flaw in the fuselage, the company said on Wednesday, while reiterating that the world's first carbon-plastic passenger plane is safe to fly.

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