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Friday's devastating quake has dealt another blow to the ailing Japanese economy, already faced with mounting debts and falling exports.

 
 
In January, manufacturing growth plummeted to 3.3 per cent from 17.9 per cent a year ago. The capital goods sector contracted 18.6 per cent in the month under review.
On the domestic front, silver ready dropped Rs 1,100 to Rs 53,500 per kg. It had climbed to an all-time high at Rs 54,600 per kg on Thursday.
More than 60 CEOs from Silicon Valley have descended on Washington to meet lawmakers and members of the Obama Administration and apprise them on the issues.
Along with Shantanu Narayen, the US President has appointed nine other eminent individuals to the President's Management Advisory Board.
 
 
As Japan suffers the jolt of a severe earthquake and tsunami, insurance companies feel the cost of catastrophic insurance for next year will move skywards.
China's January inflation figure remained stubbornly high at 4.9 per cent, despite a series of measures taken to curb price rises.
Linking food inflation to global developments, Finance Minister Pranab Mukherjee pointed out that the surplus liquidity is being converted into commodity.
The stock opened trade at Rs 80, reflecting a jump of 14.28 per cent over the issue price on BSE. Within minutes of trade, the scrip skyrocketed by 49.21 per cent.
Indian stocks on Friday survived a tsunami scare with the BSE benchmark Sensex recouping to some extent day's sharp losses but still ended with a loss of 154 points.