New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.» Read More
*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
NEW YORK, May 24- The dollar was headed on Friday for its worst week against the yen in nearly two years, extending the prior session's selloff, as volatility in Japan's stock market spurred investors to book profits on their bets against the Japanese currency.
New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.
Markets will be hyper-focused on the economy for any sign it is getting strong enough to encourage the Fed to start pulling back the security blanket of quantitative easing.
LONDON, May 24- Investors betting on a continuation of Japan's six-month runaway bull market suffered their biggest scare yet on Thursday as the Nikkei 225 lost more than 7%- its largest one-day loss in more than two years.
*JA Solar, ReneSola shares hit 1- year highs. Manufacturers such as JA Solar Holdings Co Ltd and ReneSola Ltd, reliant on low-margin Chinese sales after trade wars with the United States and Europe, are pushing into Japan and emerging economies where solar panel demand is rising.
LONDON, May 24- Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump their JGB holdings after heightened volatility caused the assets to exceed internal value-at-risk limits.
*Gold ignores fresh easing from Japan, Australia, Euro zone. LONDON, May 24- Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise.
LONDON, May 24- World share markets looked vulnerable to further falls on Friday, with brighter economic news from Europe doing little to encourage investors who are worried that central bank stimulus may be curtailed.
BERLIN, May 24- Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.
LONDON, May 24- World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed.
Meiji Yasuda, one of Japan's three largest life insurers, had said last month that it would consider buying higher-yielding foreign bonds as the central bank's policies were expected to erode the already marginal yields on Japanese government debt. Japan's life insurers hold roughly half of their assets in JGBs.
BERLIN- German business sentiment rises far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. ( GERMANY- ECONOMY/, expect by 0930 GMT/ 5.30 AM ET, by Sarah Marsh, 600 words).
LONDON, May 24- The euro rose on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and lessening prospects of further euro zone monetary easing. The euro rose 0.3 percent on the day to a session high of $1.29875, close to this week's peak of $1.2998 and the mid-May high of $1.3030.
Jens Nordvig, global head of currencies at Nomura Securities, tells CNBC there were three things that played in the huge drop in the Nikkei.
BRUSSELS/ HONG KONG, May 24- The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate.
TOKYO, May 24- Mitsubishi Motors Corp, the Japanese maker of Triton pickups, the Outlander Sport SUV and iMiEV electric car, wants shareholders to approve a capital reorganisation to clear more than $9 billion of accumulated losses, and pave the way for the resumption of dividends after a 15- year gap.
TOKYO May 24- This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy- if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide. Federal Reserve's massive stimulus- external risks that Tokyo could do little to overcome.
TOKYO, May 24- Japanese government bond prices mostly fell on Friday, though they pared losses as the stock market wildly gyrated and the benchmark yield remained well shy of the one percent threshold touched a day before. The Bank of Japan's regular bond-buying operation also provided some support to prices.
*Asian stocks outside Japan dip to 1- month lows. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent and reached levels not seen since April 19, extending Thursday's 2.2 percent fall. "There's a lot of volatility... from Japan, which is not good for market stability or confidence," said Stan Shamu, market strategist at IG in Melbourne.