Daniel Ernst, Principal of Hudson Square Research says Third point's proposal is realistic one and might just be a win-win for Sony.» Read More
SINGAPORE, May 23- Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in U.S. monetary stimulus.
TOKYO, May 23- Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the plans.
*Aussie approaches 1- year low after China factory activity drops. TOKYO/ SYDNEY, May 23- The dollar bounded up to a three-year high against a basket of major currencies in Asia on Thursday, squeezed higher after Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus programme this year.
*Ford to end Australia production in Oct 2016. Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government.
TOKYO, May 23- The Nikkei average trimmed gains after hitting a 5-1/ 2- year high on Thursday after factory activity in China, one of Japan's major export markets, shrank for the first time in seven months in May. 15,662.95 after falling as much as 0.6 percent at one point on the back of the China HSBC flash PMI data. "
*HSBC flash PMI dips to 7- month low on weak demand. BEIJING, May 23- China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
*MSCI Asia Pacific ex- Japan falls but Nikkei climbs. SINGAPORE, May 23- Japanese government bond prices dived and 10- year JGB futures tumbled a full point, prompting the Tokyo Stock Exchange to temporarily suspend trade as the dollar hit a near three-year high versus a basket of currencies on Thursday.
*Fast Retailing jumps as retail investors in hot pursuit. TOKYO, May 23- Japan's Nikkei average soared 1.9 percent to a 5-1/ 2- year high on Thursday, aided by exporters as the yen weakened against the dollar after the U.S. The Nikkei Honda Motor Co, Canon Inc, TDK N225> was up 303.11 points to 15,930.37 after trading as high as 15,942.60, its best mark since December 2007.
HONG KONG, May 23- Hong Kong shares could start weaker on Thursday, tracking Wall Street losses and ahead of the HSBC China flash purchasing managers' index for May that could offer fresh clues on the world's second-largest economy. Elsewhere in Asia, Japan's Nikkei was up 1.6 percent, while South Korea's KOSPI was down 0.7 percent at 0050 GMT.
Daniel Ernst, Principal of Hudson Square Research says Third point's proposal is realistic one and might just be a win-win for Sony.
*Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.
TOKYO, May 23- Japan's Nikkei average scaled fresh 5-1/ 2- year highs on Thursday, aided by currency-sensitive exporters as the yen weakened against the dollar after U.S. Federal Reserve chief suggested the central bank could scale back stimulus in coming months.
May 22- Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the plans.
TOKYO, May 23- Japan's Nikkei average is expected to retreat from a 5-1/ 2- year high on Thursday after U.S.
HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
DETROIT/ TOKYO, May 22- A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago.
NEW YORK, May 22- Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the U.S. central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.
ROME, May 22- Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan to address one of the main causes of public anger- soaring unemployment among young people.
NEW YORK, May 22- Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the Fed considers cutting back stimulus in coming months.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.