JAPAN

Japan deflation drags on for 22nd month

Japan's core consumer prices fell in December from a year earlier for a 22nd consecutive month, as slow wage growth and sluggish demand kept the country mired in deflation while the government grapples with heavy public debt.
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S&P downgrades Japan debt rating

Ratings agency Standard & Poor’s has downgraded the sovereign credit rating of Japan, the third-biggest economy in the world, to AA- from AA.
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BSE Sensex drops; M&M, Sterlite fall

The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.
An undated handout photograph of Ranbaxy Laboratories' plant in Paonta Sahib, Himachal Pradesh.

Ranbaxy says CFO quits

Ranbaxy Laboratories Ltd, India's top drugmaker, said on Thursday its chief financial officer had resigned, the third top official to quit after Japan's Daiichi Sankyo took majority control.

U.S. students lag in science, tests say

In his State of the Union address last night, President Obama devoted several lines to the slumping stature of U.S. education, by our own standards and globally.

Gree to tie-up with China's Tencent Holdings

Japanese mobile social gaming firm Gree Inc said Wednesday it would tie-up with China's Tencent Holdings, giving it access to a market where 120 million people already play mobile games.

Huawei Sues Motorola Over Asset Sale

China's Huawei Technologies Co. Ltd. has sued Motorola to delay the sale of the latter's wireless infrastructure business to Nokia Siemens Networks. The lawsuit alleges that such a sale would possibly result in illegal transfer of Huawei's intellectual property.

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