Mitsui O.S.K. Lines Ltd. said Friday it has revised up its group earnings estimates for fiscal 2008 on the back of its robust bulk carrier operations. The major shipping company raised the net profit estimate for the year ending in

Japanese chemical maker are scaling down their production as their profitability has been falling rapidly due to faster-than-expected rises in the prices of naphtha, a basic material for petrochemical products. Industry leader Mitsubishi Chemical Corp. has decided to postpone the

Yahoo Japan Corp. President Masahiro Inoue said Friday that if Yahoo Inc. of the United States sells its Yahoo Japan shareholdings, Softbank Corp. would likely consider taking them over. Softbank, a Japanese Internet and telecommunications service firm, has preferential rights

Stocks fell back on the Tokyo Stock Exchange Friday, as U.S. equities' overnight pullback and the yen's appreciation led players to cash in recent gains. Snapping a three-day surge, the 225-issue Nikkei average closed down 268.55 points, or 2.0 pct,

Japanese restaurant chain sales fell 1.2 pct in the first half of this year from a year before on a same-store basis, industry data showed Friday. The fall was due mainly to soaring gasoline and food prices, which caused consumer

Foreign investors remained net sellers of Japanese stocks for the fourth straight week last week, the Tokyo Stock Exchange said Friday. In the July 14-18 week, nonresidents posted net selling of 178,061 million yen, against the prior week's selling excess

Tokyo stocks next week are expected to extend this week's rally, as investors set aside worries about U.S. housing problems at least for the time being to focus on Japanese companies' quarterly earnings. "The sense of crisis that dominated the

Honda Motor Co. on Friday reported earnings growth for April-June, weathering the negative effects of the yen's rise against the dollar and higher materials prices. Consolidated net profit rose 8.1 pct from a year before to 179,611 million yen, a

Advantest Corp. said Friday that it expects to report a group net loss of 2.5 billion yen for the April-September first half of fiscal 2008, against the year-before net profit of 16,930 million yen. The loss will be the chipmaking

Tokyo Electric Power Co. said Friday that the peak power demand in the company's service area topped 60 million kilowatts for the first time this summer the same day. The surge apparently reflected growing power consumption for air conditioning amid

A recent rumor reported by Pacific Epoch has cause two different blogs to look at peer-to-peer file sharing in China.NewTeeVee is one of the sites that covered the rumor. Pacific Epoch is reporting that P2P outfit Xunlei is looking for

At 9:06 a.m., the partially convertible rupee was at 42.26/27 per dollar, lower than Thursday's close of 42.13/14. - Foreigners have so far this year sold a net $6.6 billion worth of India stocks, a crucial factor in the rupee's

The prices of electricity, water, fuel oil and transport are taking their toll on Lebanese consumers who are already reeling under the high cost of food, according to a new survey conducted by Central Administration of Statistics (CAS). The report

At 12:15 p.m., the 30-share BSE Sensex was down by 425.81 points or 2.88 per cent at 14,351.20. At the day's low it touched 14,315.58. At the same time, the broader-based S&P CNX Nifty was down by 107.25 points or

Though the company registered a year-on-year growth, its net profit declined from the January-March quarter figure of Rs.252 million, NIIT announced Thursday. The company's net revenue showed a YoY increase of 15 percent clocking Rs.2.59 billion. The highest growth product

Speaking at the AGM of Tata Motors, he also countered the arguments that Nano would cause congestion on roads, and said, "Even if we produce one million per annum over the next five years, we would not be more than

Reliance fell more than 4 percent after the company met forecasts with a 13 percent rise in quarterly profit, but analysts were still disappointed after four quarters of 20 percent-plus earnings growth. The numbers were reported after the market close

On the back of robust growth in personal care and food products category, FMCG major Hindustan Unilever on Friday reported a 13.18 per cent rise in net profit at Rs 558 crore (Rs 5.58 billion) for the second quarter ended

Leading private financial players HSBC and ICICI Prudential along with country's largest bank SBI have been shortlisted to manage about Rs 25,000 crore (Rs 250 billion) in provident fund of about four crore employees annually.

Reacting to the horrific blasts that ripped through Bengaluru, India's third-largest software company, Infosys Technologies Ltd, said that it had increased security on its campus and that all its employees are safe.