More than 60 people have been reported killed in a powerful magnitude 6.8 earthquake that rocked the Indochina region on Thursday.
A shortage of auto parts stemming from Japan's earthquake may cut global vehicle output by 30 percent within six weeks in a worst-case scenario, research firm IHS Automotive said on Thursday.
China's ZTE Corp <0763.HK> is seeing higher prices for phone parts such as batteries, displays and radio filters due to supply shortages in the aftermath of the Japan earthquake.
The Tokyo Metropolitan Government says it has lifted restrictions against using tap water for consumption by infants in Tokyo's 23 wards and 5 adjacent cities, according to a report from public broadcaster NHK.
Tokyo Electric Power Co. (TEPCO) has released the following update on the status of on Fukushima Daiichi nuclear power plant.
Japan, which is grappling with the impact of March 11 earthquake and the resultant tsunami, may be pushed towards a recession, an expert told IBTimes.
At least three brokerages have cut the profit forecasts of Adobe Systems (NASDAQ: ADBE), a day after the software company reduced its second quarter outlook by $50 million.
RBC Capital Markets said the ultimate low in the U.S. equity markets might not have been reached, but a bottoming process has probably started. The brokerage said most of the technical indicators suggest that an intermediate-term low is near. Readings from sentiment, positioning and internal momentum indicators reveal much more damage under the hood than at the index level.
Japan estimated the cost of the damage from its devastating earthquake and tsunami could top $300 billion as authorities in Tokyo warned that babies should not be given tap water because of radiation from a crippled nuclear plant.
The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at as much as $310 billion, making it the world's costliest natural disaster.
The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen ($185-308 billion), making it the world's costliest natural disaster.
The Japanese government estimates material damage from a deadly earthquake and tsunami that struck the country's northeast this month at 15-25 trillion yen ($185-308 billion), making it the costliest ever natural disaster, the Nikkei newspaper reported on Wednesday.
- Japan's government said on Wednesday it estimated damage from the devastating earthquake and tsunami that hit northeast Japan this month at about 16-25 trillion yen ($197-308 billion).
Adobe Systems Inc posted first-quarter profit above Wall Street estimates, but the world's biggest maker of design software cut its second-quarter revenue outlook by $50 million, citing uncertain business environment in Japan following the earthquake.
Sony Corp. has suspended production at more Japanese plants after a massive earthquake on March 11 has made it difficult for the plants to get raw materials and components.
Professor Yuko Aoyama from Clark University Geography Department says the collective spirit in Japan is very high at the moment, in an interview to IBTimes on Japan's earthquake and the resultant tsunami and their impact on the world's third largest economy.
Tiffany & Co expects sales growth in markets like China and Australia this year to help make up for the earthquake and tsunami that are hurting results in Japan, its second-largest market.
Though the human tragedy caused by the Japan disaster is incalculable, its economic impact may be less harsh than previously thought. An analyst said on Monday there will be some near-term impact but it will not be sufficient to dent the region’s strong growth prospects this year.
Billionaire investor Warren Buffett said on Monday that Japanese stocks were good investments after the deadly earthquake that hit the world's third-biggest economy last week.
The Japanese government plans to inject public funds into banks in areas ravaged by the March 11 earthquake and tsunami to make sure that businesses in the area can get credit to rebuild their operations, The Nikkei newspaper said in its Sunday edition.
The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei newspaper reported on Saturday.
Moody's Japan K.K. has downgraded the ratings on Tokyo Electric Power Co., Inc., (TEPCO) including the senior secured rating, to A1 from Aa2, and the long-term issuer rating to A1 from Aa2.
