Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.
Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.
Foreign direct investment growth in China fell year-on-year for the first time in 28 months, with November's $8.8 billion of commitments down 9.8 percent and hurt by a sharp drop in inflows from the United States, Commerce Ministry data showed Thursday.
Japan's disgraced Olympus Corp said on Thursday it would consider reinstating Michael Woodford, the British chief executive it sacked two months ago and who blew the whistle on a fraud that has left it weakened and in need of fresh capital.
Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital.
Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital.
Canada and Japan have agreed to decide soon whether to negotiate a bilateral economic partnership agreement, and Canada also aims to complete a free trade agreement with India by 2013, government officials said on Wednesday.
The Japanese government has delayed a formal announcement on its choice of a next-generation fighter jet until December 20, according to two sources familiar with the process, but Lockheed Martin Corp's radar-evading F-35 is still expected to get the order.
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Olympus Corp's ousted CEO Michael Woodford said on Wednesday he would recapitalize the camera and medical equipment maker within a few months if he returned and would favor investment by private equity or a rights issue to raise cash.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
The sovereign debt crisis crippling the euro zone still threatens other developed economies, leaving Britain and Japan teetering on the edge of recession but with the United States seen several paces away from a slump, a Reuters poll found.
Most Southeast Asian stock markets closed weaker on Wednesday in light trading volumes after the Federal Reserve warned that turmoil in Europe poses a big threat to the world's biggest economy.
Japanese camera maker Olympus Corp beat the deadline for an automatic delisting after it reposted five years of earnings, which showed a $1.1 billion loss and ignited merger speculation.
Microsoft co-founder and entrepreneur Paul Allen has teamed up with SpaceShipOne's Burt Rutan for a carrier aircraft designed to launch next-generation rockets from high altitude.
The looming new year may well bring as much financial turbulence as tumultuous 2011 but global investors reckon panic is no longer an option and just protecting your money will require taking on at least some risk.
South Korean women, who were forced into sexual slavery during the World War II, held their 1,000 weekly protest outside the Japanese embassy in Seoul.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
Japan's disgraced Olympus Corp ironed out its crooked accounts Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation that it would need to merge or sell assets to repair its finances.
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
