JAPAN

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China's Baosteel mulls Rio Tinto bid: report

Top China steelmaker Baosteel is weighing a bid to counter BHP Billiton's $125 billion takeover offer for Rio Tinto Group Baosteel Chairman Xu Lejiang told a Chinese business newspaper.

Holy Smokes! World's worst polluters list is out!

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World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
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Sony to sell auto programs to PS3 users via Web

Sony Corp said it plans to sell auto-related programs such as the BBC's Top Gear series to users of its PlayStation 3 via the Internet, strengthening the game machine's appeal as a gateway to the Web.
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Sony PS3 tops Nintendo Wii in Japan for first time

Sony Corp's PlayStation 3 outsold Nintendo Co Ltd's Wii game console in Japan in November for the first time, raising the prospect that Sony might regain its dominance in the global videogame market.
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Metal Gear Solid 4 last of the great exclusives?

Metal Gear Solid 4 is not only one of the most eagerly awaited games for Sony's PlayStation 3, it is also among the last of a dying breed -- games designed exclusively for one gaming console.
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Microsoft May Benefit from Nintendo Shortages

As Nintendo shatters its own sales records, a lack of supply is hurting third-party software vendors, making this holiday season ripe for a blockbuster releases on Microsoft's Xbox360, according to one analyst.
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Toyota to recall 215,020 Lexus, other cars in Japan

Toyota Motor Corp (7203.T) said on Wednesday it would recall 215,020 units of the Lexus GS, Crown and three other high-end car models in Japan to fix a faulty fuel pipe that could lead to a fuel leakage.
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Indian funds seen chasing global markets - ING

Indian fund assets could more than triple to $500 billion in the next five years, with half of that held in global products as investors seek diversified portfolios, the head of ING Groep's Indian fund arm said.
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Nintendo and NTT to promote Wii Web access

Video game maker Nintendo Co Ltd and telecoms operator NTT's regional units said they would cooperate in Japan to promote the broadband Internet access of Nintendo's hot-selling Wii game console.
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Citigroup to sell $7.5 billion stake to Abu Dhabi

Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive. The capital injection will shore up Citi's balance sheet, which has been hurt by some $6.8 billion of writedowns and losses in the third quarter, and the potential for another $11 billion in the fourth quarter.
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Japan's IHI to sell property for $710 mln

Japanese heavy machinery maker IHI said on Monday it would sell property in Tokyo to Dai-ichi Mutual Life Insurance Co, posting an extraordinary gain of 77 billion yen ($710 million) this business year.
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Softbank aims for more 3G base stations in '08

Softbank Corp, Japan's smallest cellphone operator, aims to raise the number of its third-generation base stations to more than 50,000 next year, President Masayoshi Son told a group of reporters on Monday.
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Japan's Sumco 9-mth profit down 6.5%, keeps outlook

Sumco Corp, the world's second-biggest silicon wafer maker, said on Monday its profit slipped in the nine months to Oct. 31 on strong sales of wafers used to make microchips, but it kept its full-year forecast.
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Sony sells 1 million new PSPs in Japan

Sony Corp said sales in Japan of the new version of its PlayStation Portable (PSP) game gear reached 1 million units in the two months since its launch, hitting the 1 million mark at a quicker pace than the original model.
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Dollar hits new depths, stocks rise

The dollar plumbed record lows against major currencies on Friday and briefly got close to $1.50 to the euro as concerns about the U.S. economy rattled investors but Asian and European stocks advanced.
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Valuations show China stocks to stabilize

A near 20-percent correction has wiped 5 trillion yuan ($700 billion) off China's booming stock market in less than six weeks, and some global investment banks now hear the sound of a bubble bursting.
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Honda Fit wins Japan's Car of the Year award

Honda Motor Co's redesigned Fit subcompact won Japan's Car of the Year award, beating finalists including Nissan Motor Co's Skyline and Fuji Heavy Industries Ltd's Subaru Impreza.
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Japan's MUFG H1 profit hit by subprime, card woes

Mitsubishi UFJ Financial Group Inc, Japan's largest bank, posted a 49 percent drop in first-half profit on Wednesday, hit by subprime-related investments and hefty losses at its credit card unit.

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