Luca Silipo, Chief Economist for Asia Pacific at Natixis, highlights the absence of wage increments as the missing link in Japan's Abenomics-fueled recovery.» Read More
WASHINGTON- Federal Reserve Board Governor Daniel Tarullo and other banking officials testify before Senate Banking Committee on Wall Street Reform- 1400 GMT. Counselor to the Treasury Secretary Michael Stegman speaks before the 2014 American Mortgage Conference in Raleigh- 1715 GMT.
California- based Tesla has been supplying batteries and motors for Toyota's RAV4 electric SUVs that went on sale in 2012, but that partnership is set to end this year after Toyota sold just 2,000 of the vehicles.
DES MOINES, Iowa— Government officials from the United States and Japan called Monday for completion of an international trade agreement that they said would strengthen ties between the two allies and help both countries recover from their own economic struggles.
TOKYO, Sept 8- Japan's economy shrank an annualised 7.1 percent in April-June from the previous quarter, worse than a preliminary estimate, and adding to doubts over whether the central bank can achieve its target of 2 percent inflation early next year.
TOKYO, Sept 8- Sterling declined on Monday and British shares look set to underperform their peers in Europe after a poll found rising support for Scottish independence.
TOKYO— Japan's economy shrank more sharply in the second quarter than first estimated and the latest indicators suggest only a modest bounce back since then. The economy's contraction was expected after Japan increased its sales tax from 5 percent to 8 percent on April 1.
While Japan's second quarter contraction is worrying, markets should be more concerned about the weakness in consumption, says Izumi Devalier, Japan Economist at HSBC.
Stock benchmarks rose in Indonesia and the Philippines while Singapore fell. ALI-BUSTER: China's Alibaba Group is seeking to raise up to $24.3 billion from its upcoming share sale, which would be the largest initial public offering ever.
TOKYO, Sept 8- Asian shares edged down on Monday, taking little comfort from mixed Chinese trade data, while sterling's decline after a poll showed rising support for Scottish independence helped bolster the dollar.
TOKYO, Sept 8- Asian shares got off to a cautious start on Monday, while a plunge in sterling after a poll showed rising support for Scottish independence helped bolster the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, while Japan's Nikkei stock average added 0.2 percent.
TOKYO— Japan's economy contracted at a larger than earlier estimated annual rate of 7.1 percent in April-June, as companies and households slashed spending following a tax hike.
Robert Med, Partner at GMT Research, says the real issue facing Japan is the government's inability to rein in the country's mounting debt.
CNBC's Pauline Chiou highlights events, policy announcements and data that will move markets in Asia this week.
TOKYO, Sept 8- The artistic legacy of Hayao Miyazaki, the reclusive and bearded Academy Award-winning director and animator sometimes called Japan's Walt Disney, has never been more certain. A dozen years later, he masterminded what remains today as Japan's highest grossing film, the Academy Award-winning "Spirited Away".
AMELIA ISLAND, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Pennsylvania Association of Community Bankers 137th Annual Convention- 1415 GMT. LONDON- Bank of England chief economist Andy Haldane speaks to Society of Business Economists on "In Giving, How Much Do We Receive"- 1700 GMT.
NEW YORK— Chinese e-commerce company Alibaba Group is seeking to raise up to $24.3 billion in an initial public offering on the New York Stock Exchange, which would value the company at $163 billion. 1. Agricultural Bank of China Ltd. raised $22.12 billion in its June 2010 debut in Hong Kong and Shanghai.
The euro plummeted 1.6 percent on Thursday- its steepest fall in almost three years- to a 14- month low of $1.2920 after the European Central Bank cut rates to new lows and launched an asset purchase programme to ward off deflation. The single currency inched up 0.1 percent on Friday at $1.2962, still firmly below $1.30.
The single currency plummeted 1.6 percent on Thursday to a 14- month low of $1.2920 after the European Central Bank cut rates to new record lows and launched an asset purchase programme to ward off deflation.
NEW DELHI— Australia's Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.
TOKYO, Sept 5- Japanese government bond yields rose to six-week highs on Friday as weaker U.S. Treasuries and firmer Tokyo stocks dampened bond market sentiment. Treasury yields rose overnight after German bund yields made an about-turn and edged up despite the European Central Bank's surprise monetary easing.