Olympus Corp. said on Tuesday that the top executives used acquisitions to hide massive losses, reversing denials of any wrongdoing.

As the Satyam scam had hit India, this scam emerged as one of the

The euro was steady against the dollar in Asia on Wednesday after Italian Prime Minister Silvio Berlusconi voiced his intention to resign, boosting hopes that Italy would better address its debt probl

Toyota Motor said on Wednesday it will recall about 550,000 units globally, including Lexus models, because of a potentially faulty crankshaft pulley that could cause noise and make steering more diff

Japanese camera maker Olympus on Tuesday said it had dismissed its executive vice president, after it acknowledged wrongdoing for the first time in a scandal over fees paid in a series of deals.

It

A strong 6.8 magnitude earthquake struck in waters off Okinawa island today, but there were no concerns about a tsunami, the US and Japanese agencies said.

The quake occurred in the East China Sea,

Toyota Motor Corp posted a 32 per cent drop in quarterly operating profit and withdrew its full-year profit forecasts as Thai floods pose a fresh threat to production while supply shortages from the M

An All Nippon Airways Boeing 787 Dreamliner carrying 249 people had to make a second approach at a west Japan airport before landing, after a glitch forced the pilot to manually deploy the main landi

The operator of Japan's tsunami-crippled Fukushima nuclear power plant said on Wednesday it feared nuclear fission had resumed inside one of the reactors.

Tokyo Electric Power Co. (TEPCO) said it had

Japanese electronics giant Sony on Wednesday said it now expected a heavy full-year loss of $1.15 billion as it reels from the impact of a strong yen, weak TV sales and severe flooding in Thailand.

Japan's royal palace said on Tuesday Princess Aiko, the only child of Crown Prince Naruhito and Crown Princess Masako, had been hospitalised because of a persistent high temperature.

The nine-year-ol