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UBS has agreed to pay $1.5 billion to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate

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...er. UBS said it had agreed to pay fines to regulators in three different countries: $1.2 billion in combined fines to the US Department of Justice (DoJ) and the Commodities Futures Trading Commission £160 million  to the UK’s Financial Services Authority (FSA) 59 million Swiss Francs to the Swiss Financial Market Supervisory Authority It is the second-largest set of fines imposed on a bank...

Hong Kong SE fell by 7.24% shortly after session opening

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NYSE no longer stops falling! Dow Jones, the longest decline in 33 years!   [googlead tip="vertical_mic"]Asian financial markets continued their decline on Tuesday, after a Monday black day performed by American and European stock markets.   Asian financial markets continued their decline on Tuesday, after a Monday black day performed by American and European stock markets, despite the mobil...

Japan has accused China of violating its airspace for the first time after a Chinese government plane flew near disputed East China Sea islands

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...ay. “It is extremely regrettable that, on top of that, an intrusion into our airspace has been committed in this way,” he said. The Chinese ambassador in Tokyo had been summoned to hear a formal Japanese protest, he said. China’s Foreign Ministry spokesman Hong Lei, however, said during a regular news briefing that the plane’s flight was “completely normal”. ...

20,000 demonstrators swamped Times Square, stopping traffic, in what was thought to be the largest Occupy demonstration in the US so far

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...traffic, in what was thought to be the largest Occupy demonstration in the U.S. so far. The arrests come one day after the Zuccotti Park’s owner backed down from an attempt to move the demonstration. Many of the Occupy demonstrators in the iconic square of New York City came from around US and did not come up from the encampment. 20,000 demonstrators swamped Times Square, stopping traffic,...

"Abrir puertas y ventanas" won the Golden Leopard at Locarno Film Festival 2011

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Japan will seek compensation from China for damages to its diplomatic missions there during protests over disputed islands

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Japan will seek compensation from China for damages to its diplomatic missions there during protests over disputed islands, Chief Cabinet Secretary Osamu Fujimura has said. Osamu Fujimura told reporters in Tokyo that “this was an issue between the governments”. It comes as China expressed regret over protesters attacking the US ambassador’s car in Beijing on Tuesday. Chinese dis...

Japan marks one year commemoration of the devastating earthquake and tsunami, which struck the north-eastern coast, leaving 20,000 dead or missing

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...s also reverberated across the country. The earthquake struck about 400 km (250 miles) north-east of Tokyo on 11 March 2011. Shortly after the quake, an immense surge of water enveloped the north-eastern coast as a tsunami swept cars, ships, and buildings away, crushing coastal communities. The twin natural disasters claimed more than 15,800 lives, and more than 3,000 people remain unaccounted for...

Japanese politicians have set sail for a group of disputed islands, in the teeth of protests by China which claims them for its own

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...h fishing grounds and are thought to contain oil deposits. Emotions have been running high since the commemoration on Wednesday of Japan’s surrender in World War II, when China and South Korea both protested against a visit to a Tokyo war shrine by two Japanese cabinet members. Just before 21:00, the 150-strong party sailed out of the Japanese port of Ishigaki. They are expected to arrive of...

Dozens of Taiwanese boats sailed to disputed East China Sea islands in a brief protest

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...nment moved to buy the islands in response to a potentially much more provocative plan by right-wing Tokyo Governor Shintaro Ishihara to buy and develop them using public donations. The row comes at a time when both China and Japan are facing political changes domestically, making it difficult for either side to be seen as backing down. Japanese Prime Minister Yoshihiko Noda’s government ...

The Chanel LBJ was originally launched in 1954

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Coco Chanel was famously credited with inventing the little black dress, but she is also responsible for another wardrobe staple – the little black jacket. Hip-length and boxy in style, the Chanel LBJ was originally launched in 1954 when it was radically different from the nipped-in shape of the Dior jackets popular at the time. Chanel’s woman was modern and emancipated and the style reflec...

Kim Han-sol was speaking to former UN Under-Secretary General Elisabeth Rehn in an interview for Finnish television

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Kim Han-sol, the grandson of the late Kim Jong-il and nephew of North Korea leader Kim Jong-un, has given a rare TV interview from Bosnia, where he is studying. Kim Han-sol, 17, said that he wished to ”make things better” for the people in his country. He was speaking to former UN Under-Secretary General Elisabeth Rehn in an interview for Finnish television. Kim Han-sol is the son of...

Chinese indignation grew recently when nationalist politicians from Japan visited disputed islands to commemorate the Japanese dead of WWII

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...wo biggest economies have argued for decades over the Japanese-held islands, known as the Senkaku in Tokyo and the Diaoyu in Beijing. The unpopulated East China Sea islands may be rich in natural resources. Chinese indignation grew recently when nationalist politicians from Japan visited the chain to commemorate the Japanese dead of World War II, when the country occupied much of eastern China. Th...

Japan’s PM Yoshihiko Noda has named a new finance minister

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...potential DPJ leader but had to resign last year amid a row over a political donation. The reshuffle comes with polls expected in coming months and the ruling DPJ hit by low public support. Ties between Tokyo and Beijing are currently very strained over a row about ownership of islands both claim in the East China Sea. Last week the opposition Liberal Democratic Party (LDP) – which governed...

Two Chinese patrol ships have been sent to islands disputed with Japan, which has sealed a deal to purchase the islands

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Two Chinese patrol ships have been sent to islands disputed with Japan, which has sealed a deal to purchase the islands, China’ state media says. The ships had reached waters near the islands – known as Senkaku in Japan and Diaoyu in China – to “assert the country’s sovereignty”, Xinhua news agency said. Japan confirmed on Tuesday it had signed a contract to buy thre...

Anti-Japanese protests took place in cities across China after Japan's nationalists raised their country's flag on disputed islands

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Toyota has decided to recall 2.7 million cars worldwide because of problems with the steering wheel and water pump system

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...h damage to its reputation as the ones in 2009. “Nobody is perfect. Vehicles nowadays are very complicated,” said Koichi Sugimoto, an auto analyst with BNP Paribas in Tokyo. “The company is taking appropriate measures to fix the problems, so I don’t think this will cause significant damage to Toyota’s reputation.” Related search articles:Amanda Bynes Toyota Com...

Panasonic has suspended some of its operations in China after anti-Japan protesters attacked two of its factories

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The US is lifting its ban on New Zealand naval ships in its ports

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The US is lifting its ban on New Zealand naval ships in its ports. The move was announced by Defence Secretary Leon Panetta, who is in New Zealand to discuss ways of improving military co-operation. Leon Panetta is the first Pentagon chief to visit since New Zealand banned nuclear weapons from its territory in 1985. Since then, US warships have been unable to use its ports. Washington suspended i...

Kim Jong-nam is thought to have fallen out of favor with Kim Jong-il in 2001 after he was caught trying to sneak into Japan using a false passport

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A South Korean court has jailed a North Korean spy reportedly ordered to attack the eldest son of late leader Kim Jong-il, officials say. The unidentified man, charged with falsely defecting so as to gather information, was jailed for four years. The man had spent a decade in China tracking down North Korean defectors before coming to the South, the court said. South Korean media also said he had...

Caroline Kennedy has been asked by President Barack Obama to be the US ambassador to Japan

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Caroline Kennedy, daughter of former President JFK, has been asked by President Barack Obama to be the US ambassador to Japan. Caroline Kennedy was a key supporter of Barack Obama in 2008 and 2012, but has largely shunned political life. Caroline Kennedy has been asked by President Barack Obama to be the US ambassador to Japan She considered running for a New York senate seat when Hillary Clinto...

The Bank of Japan has announced it will dramatically expand the country's money supply, as it tries to stimulate the economy growth

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...to stoke inflation. Many analysts have said that falling prices discourage people from spending, and companies from investing, and that has trapped Japan in a cycle of sluggish growth and recession. The yen fell against the US dollar, and Tokyo’s Nikkei 225 index rose 2.2% on the central bank’s decision, indicating markets were reacting positively to the stimulus measures. “The m...

North Korea has shifted a missile with "considerable range" to its east coast

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North Korea has shifted a missile with “considerable range” to its east coast, South Korea’s Foreign Minister Kim Kwan-jin has announced. Kim Kwan-jin played down concerns that the missile could target the US mainland, and said North Korea’s intentions were not yet clear. Pyongyang earlier renewed threats of a nuclear strike against the US, though its missiles are not beli...

A statement attributed to North Korea's Asia-Pacific Peace Committee on Tuesday warned the situation on the Korean peninsula is heading for a nuclear war

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...in South Korea to get hurt.” A statement attributed to North Korea’s Asia-Pacific Peace Committee on Tuesday warned the situation on the Korean peninsula is heading for a nuclear war North Korea’s statement urged “all foreign organizations, companies and tourists to work out measures for evacuation”. Last Friday, Pyongyang warned it would not be able to guarantee the safet...

Asian shares fall on fears that the plan to bailout Cyprus could trigger an escalation of the eurozone debt crisis

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European markets follow Asian shares downward on fears that the plan to bailout Cyprus could trigger an escalation of the eurozone debt crisis. The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10 billion euros ($13 billion). London’s 100 share index is 1% lower, while France and Italy are down 2%. The euro was also affected. Against both the pound and the d...

Sushi chain owner Kiyoshi Kimura has bought the bluefin tuna for 1.7 million, almost triple the record price set last year

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A single bluefin tuna has sold in Japan for 155 million yen ($1.7 million), almost triple the record price set last year. High bids traditionally mark the year’s first auction at Tokyo’s Tsukiji fish market. Even the buyer, sushi chain owner Kiyoshi Kimura, who also paid out the record price last year, said the cost was “a bit high”. The sale came amid continued warnings f...