Japan’s consumer prices fell for a third month as an export slump and the stronger yen weighed on the nation’s economic rebound from the record March earthquake.
Jetstar Japan Co., the budget carrier set to begin flights this year, said it may grow to 100 planes by the end of the decade helped by fares about 50 percent cheaper than full-service airlines.
Nintendo Co., the world’s largest maker of video-game machines, slumped to an eight-year low in Osaka trading after tripling its loss forecast as the success of rival Apple Inc. devices erodes demand for its 3DS player.
Jan. 27 (Bloomberg) -- Tom Albanese, chief executive officer of Rio Tinto Group, discusses the outlook for China's economy and the mining industry. Albanese speaks with Erik Schatzker on Bloomberg Television's "InsideTrack" from the World Economic Forum's annual meeting Davos, Switzerland. (Source: Bloomberg)
Jan. 27 (Bloomberg) -- European Union Trade Commissioner Karel De Gucht talks about the need to keep world markets open and Europe's trade relations with China. De Gucht speaks with Maryam Nemazee on Bloomberg Television's "The Pulse" at the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)
AP - Militants apparently captured 29 Chinese workers after attacking a remote worksite in a volatile region of Sudan, and Sudanese forces were increasing security for Chinese projects and personnel there, China said Sunday.
AP - Clouds of smoke from Lunar New Year fireworks sent air pollution readings soaring in the more sensitive measurement system Beijing started using a little more than a week ago, reports said Sunday.
Reuters - Rebels in Sudan's oil-producing border state of South Kordofan said on Sunday they were holding Chinese workers for their own safety after a battle with the Sudanese army.
AP - A young man posts his photo with a leaflet demanding freedom for Tibet and telling Chinese police, come and get me. Protesters rise up to defend him, and demonstrations break out in two other Tibetan areas of western China to support the same cause.
Reuters - Standing on what was once Ethiopia's oldest maximum security prison, the new African Union headquarters funded by China is a symbol of the Asian giant's push to stay ahead in Africa and gain greater access to the continent's resources.
AP - China's state-owned Export-Import Bank has agreed to finance a new port and a bridge in the Bahamas, the second major infrastructure project backed in recent months by the Chinese in the island nation.
Reuters - President Barack Obama's administration is pressing Congress to restore an important weapon in the U.S. arsenal against subsidized imports from China by quickly passing legislation to undo a recent federal appellate court ruling.
AP - The foreign ministers of Japan and Russia agreed Saturday to strengthen economic and security cooperation but made no progress on resolving a long-standing territorial dispute that has kept the two nations from concluding a peace treaty.
Reuters - A strong earthquake with a preliminary magnitude of 5.5 jolted eastern Japan on Saturday morning, but there were no immediate reports of injury or damage and no tsunami warning was issued.
AP - A magnitude-5.5 earthquake rattled Yamanashi prefecture in central Japan on Saturday morning, the Japan Meteorological Agency reported. There were no immediate reports of damage or injuries, and no tsunami warning was issued.
Reuters - The United States said on Friday that Japan has improved market access for a broad range of U.S. goods and services, as Washington continues to consider Tokyo's application to join a proposed free trade pact in the Asia Pacific.
AP - Nintendo's chief is determined to get right the launch of its next game machine, Wii U, set for this year's holiday shopping season, and acknowledged Friday some mistakes with selling its 3DS handheld.
The Christian Science Monitor - Advisers to Japan's nuclear safety agency have condemned stress tests being conducted at nuclear power plants around the country as the government seeks international support for the early resumption of dozens of idle reactors.
Reuters - Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity.
AP - Japan's deputy prime minister acknowledged Friday that the government failed to take minutes of 10 meetings last year on the response to the country's disasters and nuclear crisis and called for officials to compile reports on the meetings retroactively.
AP - Cuba's Communist leaders are vowing not to cede any ground to "the enemy," even as they voice support for a drive to overhaul the island's Marxist economy to allow more private enterprise.
AP - A fire swept through a two-story private rehabilitation center for addicts in a poor part of Peru's capital Saturday, killing 27 people and critically injuring five as firefighters punched holes through walls to rescue residents locked inside.
AP - A man charged with brutally beating a Canadian tourist at a luxury beach hotel told reporters Saturday that he tried to hold the woman in an elevator and punched her several times in the face when she cried for help.
Reuters - Fire swept through a rehabilitation clinic for drug addicts and alcoholics in Peru on Saturday, killing 26 patients who were locked in to stop them from fleeing during treatment, local media and witnesses said.
AP - A high-profile visit to Jordan by the leader of Hamas has revived contacts with the Palestinian militant group, but Jordan will not lift a ban on its activities there, a senior Jordanian official said Sunday.
AP - The Israeli and Palestinian leaders on Sunday blamed each other for the impasse in newly launched peace efforts, raising doubts about whether the dialogue would continue just weeks after it began.
Reuters - Peace prospects with the Palestinians are looking poor, Israeli Prime Minister Benjamin Netanyahu said on Sunday after exploratory talks aimed at relaunching negotiations ended in deadlock.
AP - Russia's defiance of international efforts to end Syrian President Bashar Assad's crackdown on protests is rooted in a calculation that it can keep a Mideast presence by propping up its last remaining ally in the region — and has nothing to lose if it fails.
AP - Israeli Defense Minister Ehud Barak said Friday the world must quickly stop Iran from reaching the point where even a "surgical" military strike could not block it from obtaining nuclear weapons.
The incident in the oil-rich South Kordofan province underscores the risks for China in sending its workers into some of the world’s most turbulent regions.
Defense Secretary Leon E. Panetta said in a “60 Minutes” interview that a doctor who is now in prison worked with the C.I.A. to gain access to Osama bin Laden’s compound.
AP - Retiring Rep. Barney Frank says former Mayor Kevin White was a political pioneer who opened up the Boston political system to African-Americans, women and gays, and pushed Frank to abandon plans to pursue an academic career and get into politics.
Reuters - International Monetary Fund chief Christine Lagarde led a global push on Saturday for the euro zone to boost its financial firewall, saying "if it is big enough it will not get used."
Reuters - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.
Reuters - Hotel companies and real estate firms are optimistic that deal transactions will pick up this year despite concerns about Europe's economy and challenges in obtaining debt financing.
Reuters - On the heels of a warning on Friday by Fitch Ratings that it could lower its rating on Washington state's general obligation bonds, a top lawmaker said talks on balancing the state budget would gain momentum after a key forecast next month.
Reuters - Some of the world's biggest economies want to move quickly on a cash injection for the International Monetary Fund to help rescue the euro zone, but hardliners may still scupper an early deal to boost the fund's war chest, G20 sources said on Friday.
AP - Kentucky's houseboat manufacturers once thrived by churning out luxurious floating residences, but the industry was nearly capsized by the economic downturn. Now it's dabbling in a new venture as it looks for a different course — the construction of moderately priced, energy efficient landlocked homes.
Reuters - The Slovenian parliament confirmed conservative Janez Jansa as prime minister on Saturday, almost two months after an inconclusive December 4 election, parliamentary speaker Gregor Virant said.
AP - The head of the International Monetary Fund appeared to be making headway Saturday in her drive to boost the institution's financial firepower so that it can help Europe prevent its crippling debt crisis from further damaging the global economy.
Reuters - International Monetary Fund chief Christine Lagarde led a global push on Saturday for the euro zone to boost its financial firewall, saying "if it is big enough it will not get used."
AP - Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday.
AP - Cyprus' banks will be able to recapitalize on their own and won't need state support thanks to fiscal measures buttressing the island's financial system, the government said on Saturday.
AP - Europe is getting tougher on government debt. After more than two years struggling to rescue financially shaky governments, leaders of the 17 countries that use the euro are ready to agree on a treaty that will force member countries to put deficit limits into their national laws.
AP - Economist Nouriel Roubini, nicknamed "Dr. Doom" for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.