Japan's biggest earthquake on record hit Toyota Motor's quarterly profits harder than expected, prompting renewed calls for the government to do more to support Toyota's pledge to keep building large numbers of cars in Japan.
Japan's trade minister said he was aiming for cabinet approval this week of a government-backed scheme to help Tokyo Electric Power pay for damages caused by the crisis at its Fukushima Daiichi nuclear plant.
China and the United States reached agreement to collaborate closely in the Asia-Pacific region after a two-day strategic and economic dialogue in Washington D.C. on Tuesday.
Toyota Motor Corp posted a steeper-than-expected fall in quarterly profits after Japan's biggest quake on record hit output, and lamented that making cars at home was tougher than ever now with disasters compounding the impact of a strong yen.
Thousands of Japanese residents are still waiting to be evacuated from Fukushima as the government and the Fukushima Daiichi power plant management held discussions on Wednesday over the efforts to bring down the two-month nuclear crisis to an end.
Toyota Motor Corp reported a 52 percent drop in quarterly operating profit as it suffered from supply disruptions as a result of the March 11 earthquake in Japan. The world's biggest automaker is facing another tough year ahead as a severe shortage of parts caused by Japan's biggest earthquake on record hammers production just as it was putting its recall woes behind it.
Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 all up 0.1 percent.
TOKYO, May 11 - Toyota Motor Corp posted a 52 percent fall in quarterly operating profit on Wednesday and gave no annual forecasts, as expected, as it struggles to measure the scope of the disruption to production after the March 11 earthquake.
GM has announced that it will invest $2 billion in two years from now, creating or retaining 4,000 jobs.
Tokyo Electric Power Co likely made a net loss of more than 1 trillion yen ($12.4 billion) in the year that ended on March 31, the biggest ever for a non-financial Japanese firm, after booking costs to scrap nuclear reactors and writing off tax assets, the Nikkei newspaper said.
Asian shares firmed on Wednesday as rising global commodity prices boosted energy and resource stocks, while investors largely shrugged off data from China suggesting growth there is starting to slow.
Lady Gaga has teamed up with FarmVille maker Zynga to launch GagaVille, a virtual game that is being used as a platform to bring her explosive new album Born This Way to Facebook fans.
Walt Disney Co reported a rare results miss after Mars Needs Moms capped a disappointing quarter at the U.S. box office, sending its shares down 3 percent.
Governments, or nowadays central banks, are traditionally the largest holders of gold. And for most of the past two decades, central banks have been net sellers of gold. But since 2010, central banks are net buyers again, because central banks of emerging market economies are aiming to diversify their ever growing currency reserves and reach a similar level in gold reserves as the club of old industrial economies.
The CEO of Japan's Softbank, Inc. invests over $60 million into Gilt Groupe, Inc.
China stormed back to post a hefty trade surplus in April as exports hit a record while imports eased more than expected, weighed down by sustained monetary tightening and high commodity prices.
Japan's government said on Tuesday it would not set an initial limit on Tokyo Electric Power's liability for damages caused by its leaking Fukushima Daiichi nuclear plant and said the utility must tighten its belt further.
Japan's Prime Minister Naoto Kan said on Tuesday that the country would discard plans to build any new nuclear reactors and said a new energy policy is on its way.
The Japanese yen has been on a wild ride ever since the 2011 T?hoku earthquake. Now, as USD/JPY hovers around 80, it’s time to sell the yen (by buying USD/JPY), stated a Credit Agricole report.
U.S. stocks were set to rise at the open on Tuesday after strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.
