Hiroaki Sakamoto, MD for Asia Pacific at Panasonic System Solutions, explains why the Osaka-based firm turned its focus away from consumer business to the business-to-business (B2B) segment.» Read More
Asian markets pared back earlier losses Thursday to give a mix performance, though prospects of higher inflation and a weak U.S. economy kept investors cautious. Japan and Australia both managed to close in positive territory.
Japan's exports rose more than expected in April from a year earlier, as a surge in shipments to China and other developing countries cushioned the blow of U.S. economic weakness.
In hybrids, Honda has announced that early next year it will roll out a lighter, more affordable 5 door hatchback that will look similar to the hydrogen fuel cell FCX Clarity model. The plan: annual sales 200,000 worldwide, including a 100,000 here in the U.S.
Asian stocks were sharply lower Wednesday as fears about consumer demand in the face of high oil prices rattled investors. Japan closed 1.6% lower while Australia shed 1.4%.
Asian stocks ended lower on Tuesday, snapping a six-day rising trend, weighed by retailers as oil continued a relentless rise, keeping inflation fears high.
The Bank of Japan left interest rates unchanged at 0.5 percent on Tuesday, as expected, opting to take more time to determine when the fog will clear from the economy -- both in Japan and around the world.
Asian markets hit a new four-month high Monday as a relentless rise in oil prices bolstered resource shares, but wariness about inflation and doubts about the U.S. economy kept gains in check.
Asian stocks rose cautiously Friday with markets modestly higher with Australia finishing just below the 6,000 level. But Japan closed in negative territory on profit-taking after spending most of the session in the black.
Japan's economic growth unexpectedly picked up pace in the first quarter thanks to firm exports and consumption, allaying fears that deepening global financial market problems may take a toll on the world's second-largest economy.
Here's one for those of you who think auto manufacturers should be trying to build cars that get 100 mpg (and yes, there are a lot of you out there based on the e-mails I get from you). Tata Motors is the first mass-market automaker to enter the automotive X Prize competition...
Asian markets ended mostly higher Thursday after investors welcomed benign U.S. consumer data which eased inflation fears. South Korea led the advanced finishing over 2 percent higher.
Japan's core private-sector machinery orders, a key gauge of corporate capital spending, slid to their lowest in almost three years in March, with manufacturers predicting more declines ahead, adding to worries that flagging capital spending will stymie growth.
Asian markets turned mostly higher after a lackluster start Wednesday. Both Japan and Australia closed the session 1 percent higher.
The future of mass market quantities of electric cars is getting a big push today from one on the more "electric" leaders in the auto industry. Nissan/Renault CEO Carlos Ghosn is expected to announce his company plans to sell its first electric cars in the U.S. by 2010--according to the New York Times.
Asian markets were mostly higher Tuesday with Tokyo and Seoul both gaining over 1%. But Chinese markets were weighed down by uncertainty following a devastating earthquake in Sichuan.
Asian markets closed mostly higher Monday, as a stronger U.S. dollar cheered investors and lifted exporters. Both Australia and Japan closed up with Australia gaining almost 1 percent.
Oil's relentless surge to a new peak above $124 weighed on Asian shares Friday, while a stronger yen pressured Japanese exporters, such as Toyota Motor.
The news out of Tokyo should not come as a surprise. Toyota, running neck and neck with GM to become the world's largest automaker, is running a little slower. The first quarter earnings make sense given the auto market slowing down in the U.S. and Toyota finding fewer markets and segments to enter.
Soaring sales of Nintendo's Wii game machine have made former Nintendo chairman Hiroshi Yamauchi Japan's richest man, worth $7.8 billion, Forbes magazine said in its annual rankings.
Oil's relentless push to yet another record high pressured Asian shares across the board Thursday, raising fears that inflation -- and central bank measures to cool it -- would hurt consumer spending and profits.