Japan’s financial watchdog shuts operation of an investment company amid fears…
Tokyo, JAPAN – Japan’s financial watchdog on Friday has directed an investment company to suspend its operations amid fears that it may have lost $2.3 billion of pension funds it manages, triggering More...
US, North Korea talks concluded without any significant breakthroughs
Beijing, CHINA - The two day nuke talks between United States and North Korean in Beijing has ended without any significant breakthroughs. However, American envoy has suggested that there has been a “little More...
Japan closer to a deal on Iranian sanctions
Tokyo, JAPAN – Japanese government on Tuesday has informed that it has come closer to the US on sanctions against Islamic Republic of Iran. However, it has denied any final agreement regarding the embargo More...
Japan’s GDP at 2.3 per cent: worse than predicted
Tokyo, JAPAN – Country’s economy has evidently shrank almost 2.3 per cent more than what was feared in the last three months of 2011. Strong yen and severe Thailand floods have hurt Japan’s manufacturing More...
US Nuclear Regulatory Commission issues licenses for private consortium to setup up nuclear reactors
New York (USA) – After thirty years, the US Nuclear Regulatory Commission on Thursday has issued licences to a consortium of utilities led by a Fortune 500 company Southern Co to build two new nuclear reactors More...
Australia posts $1.71 billion trade surplus
Sydney (Australia) – Owing to rise in demand for Asian coal, iron ore and gold has enabled Australia to post trade surplus of $1.71 billion in December 2011, even despite concerns about a global economic slowdown. More...
Myanmar President seeks global support to pursue reforms
Myanmar President Thein Sein Singapore – Myanmar President Thein Sein has assured his commitments to establish a “healthy democracy” and sought international support to meet the objectives of a More...
S&P to G20: Cut healthcare spending
London (UK) – G20 nations may face downgrade from 2015 onwards if their governments fail to enact reforms towards curbing unsustainable rising healthcare spending and other costs related to ageing populations, More...
Canon’s president to step down
Tokyo (Japan) – Canon Inc, the world’s largest camera maker, has confirmed on Monday that its president will step down soon after the company forecast much weaker-than-expected earnings growth for this More...
Japan posts annual trade deficit, first time since 1980
A driver closes a back door of a container at a container terminal in Tokyo Wednesday, Jan. 25, 2012. Japan marked its first trade deficit since 1980, a 2.49 trillion yen ($32 billion) shortfall for 2011 caused More...
