A public-private fund that will acquire the small- and midsize-LCD operations of Toshiba Corp, Hitachi Ltd and Sony Corp will also buy a Panasonic Corp factory for about 20 billion yen ($255.5 million), Japanese business daily The Nikkei said.
Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.
South Africa's Allied Technologies Ltd is in talks to pay up to $60 million for unlisted Kenyan IT firm Symphony, according to a person familiar with the matter, to help revive its struggling business in fast-growing east Africa.
Stocks tumbled more than 2 percent on Tuesday after a proposed Greek referendum threatened to upend a European bailout plan to contain the sovereign debt crisis.
In what almost looked like a playground dare, Japanese MP Yasuhiro Sonoda drank a glass of water taken from a radioactive puddle in the Fukushima Daiichi nuclear power, in front of a group of reporters.
Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.
Stocks tumbled about 2 percent on Tuesday after the deal to rescue Greece and prevent a wider sovereign debt crisis was thrown into disarray.
Prime Minister George Papandreou's call for a referendum on the latest Greek bailout plan has blown a potentially fatal hole in the Eurozone's strategy to overcome its sovereign debt crisis.
Japan's costly attempt to weaken the yen underscores its determination to do its best to ease the pain felt by the export-reliant economy without embarking on a potentially thorny sustained yen-selling spree to turn the market's tide.
Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Japan's costly attempt to weaken the yen underscores its determination to do its best to ease the pain felt by the export-reliant economy without embarking on a potentially thorny sustained yen-selling spree to turn the market's tide.
Futures pointed to a lower open on Wall Street on Tuesday, adding to losses in the previous session, with the shock announcement of a Greek referendum on its bailout dragging down markets worldwide.
Futures pointed to a lower open on Wall Street on Tuesday, adding to losses in the previous session, with the shock announcement of a Greek referendum on its bailout dragging down markets worldwide.
Greece's shock decision to hold a referendum on its euro zone bail-out package sent investors scurrying for safer investments on Tuesday, hammering stocks and punishing the euro.
Asian shares and commodities fell Tuesday, after a shock announcement that Greece will hold a referendum on a new EU bailout deal for the debt-ridden country threw efforts to resolve the euro zone's debt crisis into fresh doubt.
Renewed worries about the slow progress in resolving the euro zone's debt crisis dampened investor appetite for risk, sending Asian shares and commodities lower Tuesday while keeping pressure on the euro.
The United States announced to stop financial contribution to United Nations Educational, Scientific and Cultural Organisation after the UN body voted to admit Palestine as its full member, which the Obama administration termed as regrettable and premature.
When it comes to weakening the yen, currency speculators are the least of Japan's problems.
