Japanese factory output fell in September for the first time since the devastating March earthquake, a sign the economy's recovery from the disaster is tailing off in the face of slowing global growth, the strong yen and Europe's lingering debt woes.
Japanese factory output fell in September for the first time since the devastating March earthquake, a sign the economy's recovery from the disaster is tailing off in the face of slowing global growth, the strong yen and Europe's lingering debt woes.
The latest news on the floods in Bangkok and how it is affecting travel and tourism in the region.
Now that most U.S. technology companies have reported quarterly results, the upshot is that they largely dodged any bullets from the European economic crisis.
Thailand is struggling with the worst flooding it has seen in 50 years. The flood has affected a third of its provinces and is currently swamping its densely populated capital, Bangkok. The flood, which started in July, has caused billions of dollars in damage and has taken the lives of 373 people. A third of Thailand's provinces are drenched and over 110,000 people have been displaced.
Tens of thousands of people have fled the capital of Thailand, Bangkok, by truck, boats, and trains, as floodwaters descend upon the metropolis of 12 million people, with severe flooding expected over the weekend.
China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
South Korea's Hyundai Motor <005380.KS> warned of rising competition and economic uncertainty after it posted on Thursday a 21 percent rise in quarterly net profit, fueled by solid sales gains in the United States, Europe and other markets.
South Korea's Hyundai Motor <005380.KS> posted a 21 percent rise in quarterly net profit, meeting consensus, fueled by solid sales gains in the United States, Europe and other markets despite global economic uncertainty.
The latest news on travel alerts, evacuations, and the airports in Thailand as Bangkok faces severe floods.
Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
Bangkok has tried to remain a dry island as the rest of Thailand experiences the worst flooding in 50 years, but as waters rise, the city's 12 million people could soon be inundated.
Fujitsu Ltd <6702.T> said its quarterly operating profit fell 35 percent, dragged down by losses in its devices business, sluggish IT spending in Japan and a strong yen, but it stuck to its full-year profit forecast on hopes for a pickup in IT spending in the October-March period.
Lenovo Group Ltd, the world's No.2 PC maker, said on Wednesday that it expected some constraints on hard disk drive supplies through the first quarter of next year after severe floods in Thailand crimped global supply.
Some shops in the Thai capital began imposing emergency rationing on Wednesday as anxious residents stockpiled food and other necessities, with Bangkok under threat of inundation for weeks to come.
Fears of flooding across the Thai capital grew on Wednesday after Prime Minister Yingluck Shinawatra warned parts of Bangkok could face inundation for up to a month, with authorities calling a special five-day holiday to allow people to leave.
Hitachi Ltd lifted its first-half profit forecast by 70 percent on improvements in its infrastructure-related businesses but kept its annual forecast intact citing unstable conditions in the global economy.
Broadcom Corp warned revenue could fall as much as 13 percent this quarter due to broad- based weakness in demand, even in wireless, where it supplies chips for Apple Inc products such as the iPhone.
Advancing floodwater shuts down domestic airports, Don Muang, as the city prepares for surges of water expected later this week.
Canon Inc on Tuesday became the first major Japanese firm to cut its annual outlook due to Thai flooding and the strong yen, two problems that are clouding the outlook for many of its rivals ahead of the lucrative year-end shopping season.
Asia's PC makers, already grappling with the prospect of subdued year-end holiday season consumer demand, are faced with a likely further slowdown in the lunar new year sales season as Thailand's floods cut the supply of hard disk drives.
