Japan investment firm probed over huge pension loss
Japan's financial watchdog on Friday froze an investment firm's operations after investigators said it lost most of the $2.3 billion in pension funds it manages amid a report it may have hidden the lo
Olympus says India exec likely had no ties to scandal
An Olympus Corp executive found dead in India in an apparent suicide is likely to have had no link to the Japanese endoscope maker's accounting scandal, a company spokeswoman said on Wednesday.
Tsuto
Euro jumps after Greek rescue deal
The euro jumped more than one US cent after news that European finance chiefs had agreed a crucial deal to provide a massive bailout to debt-wracked Greece.
The common European currency jumped to $1.
Japan logs record trade deficit in January
Japan posted a record trade deficit in January, data showed on Monday, as fuel imports rose following last year's nuclear disaster while exports were hit by a strong yen and slumping demand in Europe.
Israel seeks tighter sanctions against Iran
Israeli Defence Minister Ehud Barak on Saturday called on the world to tighten sanctions on Iran before the country enters a ‘zone of immunity’ against a physical attack to stop its nuclear programme.
Mitsubishi to invest $888 mn in Peru copper mine
Mitsubishi Corporation plans to invest as much as 70 billion yen ($888 million) to acquire an 18.1 per cent stake in a copper mine in southern Peru, Japanese financial daily Nikkei reported on Friday.
Former Olympus President arrested: Prosecutors
The former president of under-fire Olympus has been arrested in Tokyo, prosecutors said on Thursday, in one of the biggest ever financial scandals to rock corporate Japan.
Quake hits eastern Japan: nuclear plant stable
A powerful earthquake rocked eastern Japan on Tuesday, but no tsunami warning was issued and no damage was reported at the crippled Fukushima nuclear plant.
The US Geological Survey said the 6.0 magn
Japan economy shrinks on Thai floods, strong yen
The Japanese economy shrank in the final three months of 2011, data showed on Monday, as exports were hurt by the strong yen and weak overseas demand while flooding in Thailand hammered production.
O
Olympus posts nine-month net loss of $426 million
Scandal-hit Olympus on Monday reported a net loss of 33.08 billion yen ($426 million) for the nine months to December amid a massive accounting cover-up that has tarnished the image of corporate Japan