JAPAN

US, UK Agree To Emergency Oil Release

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Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices from derailing economic growth in an election year.
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Local residents evacuate to Kamaishi elementary school, which serves as an upland evacuation centre, after a tsunami warning was issued in Kamaishi

Earthquake Hits Japan: Twitter Says ‘Much Too Soon For A Reminder’

A powerful 6.8-magnitude earthquake that hit Japan's northeastern region on Wednesday, prompted fear among Twitter users who began to offer up prayers for Japan tweets as some say the recent quake is much too soon for a reminder of last year's triple disaster.
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Japan Earthquake 2012: Tokyo Airport, Bullet Trains Close After 6.8 Quake, Small Tsunami Strikes [VIDEO]

A year after the worst post-war natural disaster in Japan, an earthquake and several other quakes followed by a tsunami struck Japan's northern coastline on Wednesday according to officials, prompting closings at Tokyo's Narita International Airport and trains. According to the Japan Meteorological Agency, the first quake was magnitude 6.8 located on Hokkaido island, 146 miles south of Kushiro, Japan, six miles below the sea surface. The second was 6.1 off the coast of Chiba just east of T...
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan Decides on Further Monetary Easing: Report

The Bank of Japan’s decision to extend its support for lending to growth sectors rather than add to its Asset Purchase Program (APP) on Tuesday appears to have disappointed some but was the outcome that had looked most likely according to Capital Economics.
Tensions between European governments and large drug companies like Pfizer have been rising for several years as administrations across the region face the challenge of curbing the rising costs of healthcare in tough economic times. Governments are by far

Pfizer's Ian Read: Europe Is Undermining Drug Innovation

Europe is undermining drug innovation by cutting prices, raising barriers to new medicines and freeloading off others in Asia and the United States who are more willing to pay, the boss of Pfizer, the world's largest drugmaker, said.
General view of the 8th World Trade Organization Ministerial Conference in Geneva

US, EU, Japan File WTO Complaint Against China Over Rare Earth Exports

The U.S., the European Union and Japan will file a complaint with the World Trade Organization, which arbitrates international trade disputes, on Tuesday over Chinese export caps on rare earth minerals used in high-tech manufacturing, the Wall Street Journal reported.
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Yahoo Shares Rise After Suing Facebook On Patent Use

Shares of Yahoo (Nasdaq: YHOO) rose slightly after the company sued Facebook for alleged patent infringement. Facebook denied the charges in a statement but has not filed a legal response.
U.S. Retail Sales

February U.S. Retail Sales Rise Most In 5 Months

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.
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US Futures Gain On Euro-Area Optimism, Fed Eyed

Stock index futures advanced on Tuesday ahead of data that could provide clues about the intensity of consumer spending and before a monetary policy announcement from the Federal Reserve.
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EU, US, Japan Launch Rare Earth WTO Case Against China

The European Union, United States and Japan formally asked the World Trade Organization on Tuesday to settle a dispute with China over Beijing's restriction on exports of raw materials, including rare earth elements critical to major industries.
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Futures Higher On Euro Zone Optimism, Fed Eyed

Stock index futures advanced on Tuesday ahead of data that could provide clues on the level of consumer spending and before a policy announcement from the Federal Reserve.
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Nikkei Tops 10,000, Retreats

Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
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Yahoo Throws Wrench Into Facebook IPO With Lawsuit

Yahoo, the No. 2 search engine that just hired a new CEO, could threw a wrench into Facebook’s proposed $5 billion initial public offering by suing for patent infringement.

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