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Nexon Pushes Ahead with IPO as Hacking Impact Looms

Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.

Global Economic Recovery Petering Out: OECD

A dealer walks past an electronic board in the investors' gallery at the Amman Stock Exchange November 21, 2011.
The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts.

World stocks rise from 7-week low on Europe hopes

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World stocks rose from last week's 7-week low on Monday as hopes grew euro zone leaders would unveil fresh measures to resolve the two-year-old debt crisis, while caution ahead of next week's key summit kept the euro and German yields under pressure.
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'Kolaveri Di' Spreads to Japan (VIDEO)

The Kolaveri di phenomenon has spread well beyond the bounds of South India's Tamil film industry and now seems set to head into Japan, after running amok in the United States.
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Elpida to sell unit stake to Taiwan partner: report

Elpida Memory Inc, Japan's biggest maker of DRAM chips, agreed to sell preferred stock in its unit EBS Inc to Taiwanese semiconductor company Walton Advanced Engineering Inc for 3.75 billion yen ($48.27 million), the Nikkei said.
Former Olympus CEO Michael Woodford leaves after his news conference about the Olympus's scandal in Tokyo

Ex-Olympus CEO says willing but not begging to return

The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't begging to return and clean up the mess.
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Ex-Olympus CEO Woodford: Willing but not begging to return

The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't begging to return and clean up the mess.
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Japan deflation persists

Japan's core consumer prices fell for the first time in four months in the year to October after a cigarette tax hike a year ago dropped out from calculations revealing persistent deflation caused by chronically weak domestic demand.
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Olympus: increased damages sought in lawsuit

Olympus Corp said on Friday a Japanese investor expanded the scope of a shareholder lawsuit against former and current executives at the scandal-ridden company, whose shares have slumped 60 percent in six weeks.
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Why U.S. Ranks Poorly in Life Expectancy

Mark Pearson, head of the OECD health division attributes the higher prices to lack of ‘an effective government mechanism that acts to keep prices down.’ That's simply not there in the U.S. system. So it's a structural defect, he said.
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Olympus ex-CEO Woodford mobbed as enters boardroom

The ex-CEO of Japan's disgraced Olympus Corp arrived on Friday for a boardroom showdown with the directors who had sacked him, as the firm's share price leapt on hopes he could play a role in putting a huge accounting scandal behind it.
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Apple ahead in mobile loyalty: Gfk research firm

Apple is well ahead of rivals in building brand loyalty among its users in a mobile market where the key brands are rushing to build as large a foothold as possible, a study by research firm GfK showed.
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Olympus ex-CEO Woodford faces tense boardroom showdown

Japan's disgraced Olympus Corp is set for a tense boardroom showdown on Friday when its former chief executive confronts the men who sacked him a month ago with his own call for their resignations over a huge accounting scandal.
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Olympus ex-CEO Woodford faces tense showdown

Japan's disgraced Olympus Corp is set for a tense boardroom showdown on Friday when its former chief executive confronts the men who sacked him a month ago with his own call for their resignations over a huge accounting scandal.
Performers from ''The Gift of the Gorgon'' walk along the Royal Mile to promote their show during the Edinburgh Fringe Festival, Scotland August 25, 2010.

Edinburgh Festivals Bat Eyes at London Olympic Fans

The world's biggest annual arts extravaganza is gearing up to lure fans from the London 2012 Olympics up to the Scottish capital for three weeks of comedy, music, art, theater, the skirl of massed pipe bands and fireworks over Edinburgh castle.
The logo of Olympus Corp is pictured at its company headquarters in Tokyo

Olympus execs quit before showdown with ex-CEO

Three executives of Japan's Olympus Corp resigned on Thursday ahead of a boardroom showdown with ousted CEO Michael Woodford, as the British whistleblower said he would not be surprised if some criminality were involved in the scandal engulfing the once-venerable firm.
Ontario finance minister Duncan answers questions at a news conference after the Canadian finance ministers meeting in Kananaskis.

Ontario cuts growth targets, says budget on track

The Ontario government cut its growth, revenue and reserve targets on Wednesday, but said it was still on track to balance the budget in six years, without lowering total program spending or raising taxes.
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German bonds fall; stocks, euro vulnerable

German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest > falling 115 ticks on the day to 134.66, the lowest since October 31.

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