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Toshiba operating profit up, eyes steady prices

Japan's Toshiba Corp., the world's No.2 maker of flash memory chips, posted a 1.6 percent rise in quarterly operating profit on Friday and raised its first-half forecast as chip prices recover.

Japan's SMFG Q1 net profit flat, keeps outlook

Sumitomo Mitsui Financial Group Inc. said net profit was roughly flat in the first quarter and stuck by its forecast for an earnings rebound for the full year, helped by an improvement in its bond portfolio and strong sales of investment trusts.

Sony President: no plans for another PS3 price cut

Sony Corp. currently has no plans for a further price cut to its PlayStation 3 (PS3) game console following a $100 cut in the U.S., the electronics conglomerate's president said on Friday.

Yen surges as market turbulence stokes risk aversion

The yen hit a three-month high against the dollar and a six-week high versus the euro on Friday as a sell-off in credit and stock markets forced investors to cut back on risky carry trades.

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Ernst & Young to almost double Asia M&A team by 2010

Accounting firm Ernst & Young plans to nearly double its transaction advisory team in Asia over the next three years, to meet rising mergers and acquisition activity in China and India, an executive said on Wednesday.

Nikkei down 0.8 pct as yen hits exporters, Kao up

Japan's Nikkei average fell 0.8 percent on Wednesday as exporters such as Toyota Motor Corp. lost ground on a tumble in U.S. stocks and a stronger yen, and lower oil prices hit energy stocks.

Nissan shifts some SUV output to UK

Nissan Motor Co. said Tuesday that it will shift some production of its Dualis sport utility vehicle from Japan to the U.K by the end of the year, Japanese daily Nikkei said Tuesday.

Nissan 1Q Profit Falls 16 percent

Nissan Motor Co., Japan's third-largest carmaker said net profit was down 16 percent in the latest quarter due to higher raw material costs and taxes.

Young keep it simple in high-tech world: survey

While young people embrace the Web with real or virtual friends and their cell phone is never far away, relatively few like technology and those that do tend to be in Brazil, India and China, according to a survey.

JVC, Kenwood in capital alliance, eye merger

Japan's struggling electronics maker JVC has agreed to a capital tie-up with audio equipment maker Kenwood Corp. and the two companies said on Tuesday they would consider integrating their operations.

Nissan Q1 down on weaker product mix, keeps f'cast

Nissan Motor Co., Japan's third-largest automaker, posted a 3.2 percent drop in quarterly operating profit as a worsening product mix favoring smaller, cheaper cars hit margins, and kept its full-year forecasts unchanged despite the weaker yen.

Toyota, Riken production to restart but short of capacity

Toyota and parts maker Riken will restart partial work following last week's quake in Japan.

Kamikaze film delves behind war propaganda

Ordered to sacrifice themselves for the nation by crashing their planes into U.S. warships as Japan vainly battled to stave off invasion in the final months of World War Two, some young pilots instead returned alive.

Japan PM's agenda, job at risk in July 29 election

Japan's ruling camp looks likely to lose a July 29 upper house election, newspaper surveys showed on Monday, an outcome that threatens to stall Prime Minister Shinzo Abe's conservative agenda and could cost him his job.

Dollar hits low, stocks retreat on subprime fears

The dollar fell to another record low against the euro on Monday, hit by fresh fears of a global spill-over from the U.S. mortgage market crisis that buoyed safe-haven bonds and forced Asian stocks into a retreat.

Chrysler, UAW to mark start of contract talks

Chrysler Group and the United Auto Workers union on Friday mark the formal start of a summer of crucial contract negotiations under intense pressure to break the model of business as usual for Detroit.

China move hurts stocks, credit worries swirl

European stocks reversed course after China raised interest rates and corporate earnings disappointed on Friday, while the cost of insuring risky European debt rose on fears for the health of the U.S. credit market.

U.S. holds out hope for North Korea nuclear steps

Six-party talks to end North Korea's nuclear arms ambitions enter a third day on Friday after envoys settled on a set of tasks the United States said could be carried out this year, rather than a disarmament timetable.

Nikkei flat as steel up but KDDI, Hoya drop

Japan's Nikkei average was nearly flat on Friday with Nippon Steel Corp. and other steel shares advancing following strong output data, but gains were limited as KDDI Corp tumbled on price war fears.

ABB Grain in 5 year research deal with U. of Adelaide

In a public-private partnership, Australian agribusiness ABB Grain signed a A$5.7 million deal with the University of Adelaide to develop new malting and feed barley varieties for export and domestic markets.

Nintendo Wii Japan sales hit 3 mln units: survey

Nintendo Co. Ltd. has sold more than 3 million units of its Wii game console in Japan, three times the sales of Sony Corp.'s PlayStation 3, game magazine publisher Enterbrain said.

Harley-Davidson U.S. sales disappoint, shares fall

Motorcycle maker Harley-Davidson Inc. said on Thursday quarterly earnings rose 19 percent boosted by foreign markets although shares fell due to a greater-than-expected decline in U.S. sales.

Global equities rebound but credit worries remain

Equities overcame concerns about credit market risks on Thursday, rising solidly while the dollar stuck close to record lows against the euro.

Nikkei up, earnings hopes lift Chugai, others

Japan's Nikkei average inched up 0.23 percent on Thursday as earnings hopes lifted Chugai Pharmaceutical Co. Ltd. and shipping firms such as Kawasaki Kisen Kaisha Ltd.

Sony PS3 Japan sales hit 1 mln, lags Wii: survey

Sales of Sony Corp.'s PlayStation 3 game console surpassed one million units in Japan in about eight months after its launch, more than four times as long as it took Nintendo's hot-selling Wii to reach the same mark.

Coca-Cola posts better-than-expected profit

Coca-Cola Co. posted higher-than-expected quarterly profit on Tuesday, helped by strength in its developing China and India markets, and moderate gains in mature markets such as Germany and Japan.