JAPAN

Olympus Corp's President Shuichi Takayama reacts at a news conference in Tokyo

Olympus Admits It Hid Losses for Decades

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

Jitters Over Italy Depress Asian Markets

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Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
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Olympus: Acquisitions Used to Hide Investment Losses

Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
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Akio Toyoda

No longer the beast, Toyota strives for beauty

As Toyota Motor President Akio Toyoda passed the banged-up Aston Martin Zagato in his Lexus LFA on the Nuerburgring race track last month, he figured that was it for the British race car.
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Asian Shares Dip After Greek Coalition Deal

Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
A warehouse contracted out by Goldman Sachs warehouse subsidiary Metro International Trade Services to hold metals is seen in Detroit in this photo taken July 12, 2011.

Goldman's New Money Machine: Warehouses

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
Djokovic upset by unseeded Nishikori in Basel

Djokovic upset by unseeded Nishikori in Basel

World number one Novak Djokovic was surprisingly beaten by unseeded Kei Nishikori of Japan in the semi-finals of the Basel Open on Saturday, suffering a new injury setback in the process.
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Fashion’s Night Out: Vogue Editors Take on Tokyo

Tokyo's Fashion's Night Out was not just fashionable, it was momentous. For the first time, Vogue editors from around the globe joined forces to celebrate the premiere of Japan's Fashion's Night Out in Tokyo. Anna Wintour led the chic clique of 17, for her first visit to the country in more than 20 years.
Greek PM George Papandreou and FM Evangelos Venizelos applaud after winning a vote of confidence in the Greek parliament in Athens

Greek PM to Push Coalition Plan in Meeting with President

Greek Prime Minister George Papandreou is meeting with Greek President Karolos Papoulias Saturday in the drive for a new coalition government to save the nation from bankruptcy and prevent its debt crisis from spreading chaos across the Eurozone.
Models appear at the end of a presentation by French designer Christophe Lemaire for fashion house Hermes as part of their Spring/Summer 2012 fashion collection in Paris

Hermes Raises Full-year Sales Goal

French luxury group Hermes raised its full-year sales forecast on Friday after third-quarter growth beat its initial target, pulled by buoyant demand for the 174-year-old brand in Europe, the Americas and Asia.
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Asian Shares Rise on Hopes Greece will Drop Referendum

Asian shares rallied more than 3 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
A man looks at Olympus digital cameras at an electronics store in Tokyo

Olympus Delays Q3 Earnings Report; Shares Sink

Japan's Olympus Corp said it will not announce its quarterly earnings on Nov. 8 as expected because it needs more time after appointing an external panel to look into past acquisitions, sparking a fresh plunge in the firm's shares.
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Asian Shares Rise on Hopes Greece will Shelve Referendum

Asian shares rose more than 2 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote planned in the Greek Parliament.
2. Sony Forecasts 4th Straight Loss, Cuts TV Sales

Sony Shares Sink on Massive Loss Forecast

Sony Corp. warned of a fourth straight year of losses, with its television unit alone set to lose $2.2 billion on tumbling demand and a surging yen, sinking its U.S. shares and raising concerns about the viability of its high-profile TV business.

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