Cnooc, China’s most visible offshore oil producer, announced record-high net profits for 2010, helping to send Asian oil shares higher.
Continue reading Asian Oil Stocks Head North on Cnooc’s Heady Earnings
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Toyota Motor (TM) reportedly won’t resume vehicle production at any of its plants in Japan on Tuesday, as the automaker had planned. The continued stoppage leaves in question just how soon the world’s largest automaker will be able to resume operations…
Japan’s markets got a slight reprieve today as the yen slipped a bit after hitting a record high yesterday. While the lower value helped exporters recover from severe losses earlier in the trading session, the country has a lon…
The Japanese automaker has extended its halt on vehicle production at its plants in Japan through March 22, as the country continues to reel from the devastation of last week’s massive 9.0 earthquake and ensuing tsunami.
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Toyota, Nissan and Honda, among other companies, have shut down plants temporarily in Japan in the wake of Friday’s earthquake and tsunami. While many of their factories were undamaged, crippled nuclear plants are causing power…