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  • *Investors cautious on Europe; eye BOJ for response. TOKYO, Oct 17- Japanese stocks declined on Friday morning, failing to arrest this week's sharp slide as investor nervousness about slowing global growth eclipsed relief over a set of upbeat data from the United States. Investors were also cautious over signs of more financial and economic stress in Europe.

  • TOKYO, Oct 17- Japanese business confidence slipped to the lowest in 1-1/ 2 years in October and it is seen struggling to rebound, a Reuters poll showed, a further sign Tokyo may be forced to offer fresh policy support to recharge an economy ailing from a sales tax hike. The sentiment index for manufacturers in the Reuters Tankan, which closely correlates with the...

  • TOKYO, Oct 17- Japanese business confidence slipped to the lowest in 1-1/ 2 years in October and it is seen struggling to rebound, a Reuters poll showed, a further sign Tokyo may be forced to offer fresh policy support to recharge an economy ailing from a sales tax hike. The sentiment index for manufacturers in the Reuters Tankan, which closely correlates with the...

  • TOKYO, Oct 17- Japan's biggest utilities are blocking most new solar and other renewable energy from transmission grids, stirring concern among green power advocates that Japan favors restarting idled nuclear plants at the expense of other fossil-free supply. Seven out of Japan's 10 regional power monopolies have blocked further grid access for...

  • Philip Morris Int'l 3Q profit falls 8 percent Thursday, 16 Oct 2014 | 7:15 AM ET

    RICHMOND, Va.— Philip Morris International's third-quarter profit dropped 8 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar. The seller of Marlboro and other cigarette brands outside the United States said Thursday that it earned $2.15 billion, or $1.38 per share, in the quarter,...

  • LONDON, Oct 16- The euro fell along with dramatic losses for higher-yielding currencies like the Norwegian crown and Australian dollar on Thursday as a sell-off of Spanish and Italian debt added to a growing sense of panic in financial markets. Another day of turmoil on European stocks was spurred by a spread of concerns from Greece to other debt-laden...

  • TOKYO, Oct 16- Even as growth and deflation fears roil global markets and weak data casts a shadow over Japan's economy, the Bank of Japan appears set to resist pressure for more stimulus measures or to accept that its inflation target is unrealistically high. People familiar with its deliberations said the BOJ, which has failed for two decades to drag Japan's...

  • Japan trade minister questioned on political funds Thursday, 16 Oct 2014 | 5:57 AM ET

    TOKYO— Japan's trade minister was peppered with questions in parliament Thursday over possible violations of election laws, in the latest scandal involving female members of Prime Minister Shinzo Abe's Cabinet. Obuchi said Thursday she was checking accounting details following reports she spent about 3.6 million yen in political funds on designer...

  • LONDON, Oct 16- Global markets showed some signs of stabilisation on Thursday after their most turbulent day in four years, but worries about world growth and the end of years of U.S. stimulus kept investors in a fraught mood. "In Europe we only have final September CPI, but in the US there are initial claims, industrial production, the Philly Fed, and the NAHB housing...

  • FOREX-Dollar creeps back as growth worries dominate Thursday, 16 Oct 2014 | 3:58 AM ET

    LONDON, Oct 16- The dollar recovered a third of a percent in value against other major currencies on Thursday after recording its steepest daily fall against the euro in well over a year in the previous session. A day of carnage on markets on Wednesday was marked by a return of the concerns over Greece which have haunted Europe for five years and some much poorer...

  • Falling oil prices shake up global economies Thursday, 16 Oct 2014 | 3:02 AM ET

    The global price of oil closed at $84.47 per barrel Thursday, down about $31, or 27 percent, from its high point for the year. "The problem is that countries get accustomed to a certain level of income, and then spend," says Edward Chow, a senior fellow at the Center for Strategic and International Studies. Increased production in the U.S., Canada, Iraq and elsewhere made up...

  • *Other major listings in Tokyo this year have flopped. TOKYO, Oct 16- Staffing firm Recruit Holdings Co Ltd surged in its market debut in Tokyo on Thursday, with investors leaping at a rare opportunity to grab part of a big Japanese company with strong online growth prospects. It values the company at around $18 billion- on par with Sony Corp and more than...

  • *China lending data beats expectations, lifts Shanghai stocks. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2 percent. Shanghai shares bucked the downtrend and added 0.6 percent after Chinese bank lending data provided a regional bright spot.

  • First Japan passenger jet in 4 decades rolling out Thursday, 16 Oct 2014 | 1:01 AM ET

    TOKYO— The first made in Japan passenger jet in four decades reaches a development milestone later this week. A "rolling out" ceremony in Nagoya, central Japan on Saturday will unveil the long awaited Mitsubishi Regional Jet, or MRJ, a fuel-efficient lightweight carbon-fiber composite passenger plane. MRJ has received 191 orders, from All Nippon Airways, Trans...

  • *China lending data beats expectations, lifts Shanghai stocks. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2 percent. Shanghai shares bucked the downtrend and added 0.6 percent after Chinese bank lending data provided a regional bright spot.

  • FOREX-Dollar down sharply as yields plunge on growth fears Wednesday, 15 Oct 2014 | 11:43 PM ET

    *More U.S. data in focus after Wall St's tumble overnight. TOKYO, Oct 16- The dollar was sharply lower on Thursday, its appeal deeply dented after poor U.S. data added to growth concerns that sent equities tumbling and Treasury yields plunging. "There are those out there buying the dollar on dips, but it is difficult for them to commit themselves unless U.S. equities...

  • Take BOJ's comments at face value: Barclays     Wednesday, 15 Oct 2014 | 10:49 PM ET

    Bank of Japan chief Haruhiko Kuroda said Thursday that the central bank has no deadline for its QE program. Mitul Kotecha, Head of FX Strategy, Asia Pacific at Barclays, discusses the comments.

  • TOKYO, Oct 16- Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.6 percent while Japan's Nikkei stock average tumbled 2.2 percent and touched a 4-1/ 2- month low.

  • *More U.S. data in focus after Wall St's tumble overnight. TOKYO, Oct 16- The dollar was sharply lower on Thursday, its appeal deeply dented after poor U.S. data sparked growth concerns that sent equities tumbling and Treasury yields plunging. "There are those out there buying the dollar on dips, but it is difficult for them to commit themselves unless U.S. equities...

  • DIARY - Top Economic Events to Oct 29 Wednesday, 15 Oct 2014 | 8:01 PM ET

    CHELSEA, United States- Federal Reserve Chair Janet Yellen tours the CONNECT facility and meets consortium leaders and local residents to hear about conditions in the local economy and the impact of CONNECT for residents entering or re-entering the workforce- 1645 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe takes part in a panel discussion at...