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IMF's Lagarde: combining ESM, EFSF would boost confidence

IMF Managing Director Christine Lagarde said on Wednesday that combining the European Union's temporary EFSF rescue fund with its permanent ESM mechanism would help restore confidence in the flagging region and provide a solid firewall to the Greek crisis.

Japan logs first trade deficit since 1980

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Japan logged its first annual trade deficit in more than 30 years in 2011, calling into question how much longer the country can fund its huge public debt without relying on fickle foreign investors.
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IMF slashes world growth outlook as euro zone weighs

The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.
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About one in five workers worldwide telecommute: poll

About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every day, according to a new Ipsos/Reuters poll.
Japan Earthquake and tsunami

Japan Earthquake 2012: Study Warns of Major Tokyo Quake

Japan has already suffered one earthquake in 2012. But the New Year's Day rumble caused little damage because it was centered deep below the surface. A new study warns, however, that the Tokyo region has a 70 percent chance of experiencing a major earthquake within four years.
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BOJ sees recovery delayed as Europe bites but skips easing

The Bank of Japan forecast the economy will contract in the current fiscal year but kept policy steady on Tuesday, expecting exports to emerging markets and reconstruction after last year's earthquake will help fuel a steady recovery later in 2012.
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Sony and Panasonic brace for grim earnings season

Sony Corp and rival Panasonic Corp are set to report a slump in quarterly earnings and may cut full-year forecasts after being hit by yen strength, Thai floods and consumer gloom in Europe during the vital pre-Christmas period.
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Nikkei Near 3-Month High

Japan's Nikkei average hit its highest level in nearly three months Tuesday on hopes that a Greek debt deal will still be reached even after European finance ministers rejected an offer by Greece's private creditors.
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Sony, Fujifilm top rivals for Olympus tie: sources

Sony Corp and Fujifilm Holdings are leading contenders for an equity stake in Olympus Corp, sources familiar with the situation said, as the scandal-hit medical equipment maker moves to shore up its finances.
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Sony top contender for Olympus equity tie: magazine

Sony Corp is the leading contender among firms jostling for an equity stake in Olympus Corp, Japanese business weekly Diamond reported on its website, as the scandal-hit medical equipment maker moves to shore up its finances.
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Toyota cutting 350 jobs in Australia

Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, a rare move from the Japanese auto giant.

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