The euro dipped on Monday and Asian stocks flipped back into the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse.
Japan's exports fell in May at a faster pace than expected versus year-ago levels, raising concerns that weakness in overseas demand will constrain factory production and delay economic recovery from a massive natural disaster.
Japan's Panasonic Corp is likely to forecast a group operating profit of 260-280 billion yen ($3.24-$3.5 billion) in the current business year to March 2012, down about 10 percent from the year before, due to a fall in sales following a massive earthquake in March, the Nikkei business daily said on Monday.
The U.S. economy has slowed in recent months, but underlying inflation pressures are rising. How will the Federal Reserve respond?
Sega Corp.'s database has been hacked. The multinational video game developing company headquartered in Tokyo, Japan has sent an email to users to notify Sega Pass system users that their emails, dates of birth and their passwords were compromised by hackers. The stolen passwords were encrypted.
The battle between Apple iPad 2 vs. Samsung Galaxy Tab 10.1 has become intense among the fans of Apple and Android, but there is another fierce fight raging between the two technology giants – and this time it is in the courtroom.
Sega Corp.'s database has been hacked. The multinational video game developing company headquartered in Tokyo, Japan has sent an email to users to notify Sega Pass system users that their emails, dates of birth and their passwords were compromised by hackers. The stolen passwords were encrypted.
Apple has intensified its legal attack on archrival Samsung by including the newly launched iPad 2 rival Galaxy Tab 10.1 in its amended patent infringement lawsuit.
Japan's IHI Corp <7013.T>, Mitsubishi Heavy Industries <7011.T> and Kawasaki Heavy Industries <7012.T> will help develop Airbus's aircraft engines by providing their carbon fiber-related technologies, the Nikkei business daily said on Sunday.
Japanese video game developer Sega, which was hacked earlier this week, has found an unlikely friend in hacking group LulzSec, which has offered to help it destroy the people who attacked its network.
Japan's Sega Corp joined the rapidly growing club of video game companies whose computer systems have been hacked by cyber criminals, the company said on Friday.
Boeing Co says it feels no pressure to rush a decision on whether to re-engine or redesign its best-selling 737 narrow-body, despite impressive orders for an upgraded version of the competing plane -- the Airbus A320neo.
Japanese computer games publisher Sega has launched an investigation after hackers broke into its customer database, the BBC reported on Saturday, in the latest in a series of online corporate security breaches.
The latest string of corporate hacks now adds video game giant Sega on the victims list. As of today, no hackers have taken responsibility. Emerging hacker group LulzSec posted on its Twitter page, that they will defend Sega and declared war against the unnamed hackers responsible. Interestingly, the LulzSec group, who was responsible for the latest strings of corporate hacks including the PlayStation Network, has claimed no ownership in Sega's breach.
Tokyo Electric Power Co <9501.T> will ask major life insurers, including Nippon Life and Dai-ichi Life <8750.T>, for hundreds of billions of yen in additional loans as it faces big bills in restoring control over a crippled nuclear plant and paying for fuel costs for thermal plants, Japan's Asahi newspaper reported on Saturday.
The IMF downgraded its forecast for US economic growth in 2011 to 2.5 percent from its prior forecast of 2.7 percent. The 2012 growth forecast was cut to 2.7 percent from 2.9 percent.
The International Monetary Fund (IMF) has lowered its growth forecasts for the US for the next two years from 2.7 percent to 2.5 percent in 2011 and from 2.9 percent to 2.7 percent in 2012, besides highlighting renewed weakness in the housing market as a risk.
The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are playing with fire unless they take immediate steps to reduce their budget deficits.
Mexican Central Bank Governor Agustin Carstens, a contender to head the International Monetary Fund, said on Friday that it would be premature for him to comment on whether he earned Japan's support for his bid to become head of the fund.
Samsung Electronics and other Asian technology stocks tumbled on Friday on fears the sputtering global economy will crimp demand for computers and TVs and hurt earnings at chip and panel makers for the rest of the year.
Japanese car major Toyota Motors today said that it expects North American vehicle production levels to return to 100 percent in September. Production is recovering earlier than originally anticipated following the March 11 earthquake and tsunami in Japan.
Factory activity in the U.S. Mid-Atlantic contracted in June to a near two-year low, overshadowing better than expected readings on the nation's labor and housing markets.
