Japan

Nikkei falls to a four-year low

Tokyo  - Nikkei falls to a four-year lowJapan's key Nikkei 225 Stock Average fell to a four-year low Monday on worries about the financial crisis, despite US Congressional approval of a Wall Street bail-out.

The benchmark Nikkei index ended the morning trading at 10,544.33, down 393.81 points, or 3.60 per cent.

The broader Topix index of all first-section issues also fell 42.44 points, or 4.05 per cent, to 1,005.53.

It is the first trading day in Tokyo since the US Lower House approved Friday, after tough negotiations, the 700-billion-dollar rescue package for the financial sector.

Sweets tainted with melamine found in Japan

Sweets tainted with melamine found in Japan Tokyo  - Chemical tests in Japan have confirmed that a Chinese-produced chocolate containing the chemical melamine was imported into Japan, local media reported Sunday, adding that the government in the city of Osaka has called on the importer NS International to recall the sweets from markets.

According to the reports, shopowners throughout Japan had already removed the product "Chocolate Pillows" from their shelves. NS International since January had imported around 798,000 packages of the sweet, which was produced in Shanghai, China.

Japan's Supreme Court rules homeless man can't use park as address

Tokyo  - Japan's Supreme Court on Friday rejected an appeal by a homeless man and ruled that he cannot register a public park as his address.

A homeless man who lives in a tent at a park in western Japanese city of Osaka had appealed the January 2007 ruling of Osaka High Court that rejected his claim to register a park as his home address.

The high court overturned the district court's decision and refused to recognize the park usable as a personal address "based upon sound social norms," Kyodo News Agency reports said.

Yuji Yamauchi, 58, has lived in the park since 1998 and tried to convince the local government that the city-managed space was his personal address. But the city refused to accept it.

Japan's Nomura Holdings to acquire Lehman Brothers' Indian units

Japan's Nomura Holdings to acquire Lehman Brothers' Indian units Tokyo - Japanese securities house Nomura Holdings Inc has reached a basic agreement to purchase Indian units of failed US investment bank Lehman Brothers Holdings Inc, Japan's Nikkei business daily said Friday.

The Nikkei reported that Nomura, Japan s biggest securities firm, would take over the information technology development and back-office operations of Lehman Brothers as well as more than 2,000 employees in India.

Japan's Nomura Holdings to acquire Lehman Brothers' Indian units

Japanese securities house Nomura Holdings IncTokyo - Japanese securities house Nomura Holdings Inc has reached a basic agreement to purchase Indian units of failed US investment bank Lehman Brothers Holdings Inc, Japan's Nikkei business daily said Friday.

The Nikkei reported that Nomura, Japan s biggest securities firm, would take over the information technology development and back-office operations of Lehman Brothers as well as more than 2,000 employees in India.

Nikkei falls below 11,000 level after Wall Street plunges

Nikkei falls below 11,000 level after Wall Street plungesTokyo - Japan's key Nikkei 225 Stock Average fell below the 11,000-point-mark Friday hitting the lowest since May 2005 following overnight plunges on the Wall Street.

The benchmark Nikkei index ended the morning trading at 10,996.98, down 157.78 points, or 1.41 per cent.

The broader Topix index of all first-section issues also fell 25.09 points, or 2.33 per cent, to 1,051.88.

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