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
TOKYO, Oct 26- Japan's Nikkei share average was knocked off a four-week high on Friday on concern that Chinese funds face heavy redemptions after a poor quarterly performance, and as disappointing earnings from Fanuc Ltd dragged.
Both firms reported losses after the market close on Thursday, contributing to a sour trading session in Asia. The downbeat mood carried over to Europe and is likely to dominate when Wall Street opens later.
SINGAPORE, Oct 26- Brent futures fell more than $1 to slip below $108 a barrel on Friday as investors waited for key U.S. economic data to gauge the demand growth outlook for oil with rising supplies weighing on prices. Brent crude had slipped $1.02 a barrel to $107.47 by 0527 GMT. U.S. oil slipped 90 cents to $85.15, after ending up 32 cents.
TOKYO, Oct 26- Japan's Nikkei share average fell from a four-week high on Friday on concerns Chinese funds may face heavy redemptions after local media reports of poor quarterly earnings, and after a disappointing result at index heavyweight Fanuc Ltd. The Nikkei lost 1.4 percent to 8,933.06, while the broader Topix dropped 1.4 percent to 741.23.
Asian shares slid on Friday while the yen steadied as investors shunned risk on concerns over corporate earnings, with the region's exporters struggling against shrinking global demand.
*MSCI Asia ex- Japan tumbles, Nikkei eases in choppy trade. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 1.2 percent. The MSCI index of Asia-Pacific shares outside Japan tumbled 1.2 percent, and was set for a weekly drop of about 1.5 percent, which would be its largest weekly decline in two months.
BANGKOK-- World stock markets fell Friday ahead of the U.S. government's estimate of economic growth in the latest quarter, which is expected to show improvement but not enough to jolt the global economy out of its doldrums. Europe's debt crisis has added to headwinds while emerging powerhouses such as China have also slowed.
*Rebound in UK growth helps push sterling higher. TOKYO/ SYDNEY, Oct 26- The recently-battered yen got a respite in Asian trading after hitting a four-month low against the dollar early Friday, but it was still on track for a second week of losses as markets geared up for the Bank of Japan to ease policy next week.
*Gold seen trading in $1,700- $1,740 range next week. SINGAPORE, Oct 26- Gold was a tad higher on Friday but heading for its third week of decline after shares inched lower in Asia, the U.S. dollar firmed, and fears about the health of the global economy lingered.
TOKYO, Oct 26- Japan's cabinet approved a 422.6 billion yen economic stimulus package of subsidies and tax grants on Friday that will tap budget reserves to avoid selling new debt.
TOKYO-- Toyota sold 7.4 million vehicles around the world in the first nine months of the year, up 28 percent from a year earlier, but its strong growth faces headwinds from a sales plunge in China that could unseat it as the world's top automaker.
*BOJ seen cutting econ forecasts, easing on Oct. 30. TOKYO, Oct 26- Japan's core consumer prices fell for the fifth straight month in the year to September, showing the economy remained mired in deflation and keeping the pressure on the central bank to do more to achieve its inflation target.
TOKYO, Oct 26- Japan's core consumer prices fell 0.1 percent in the year to September, down for the fifth straight month, government data showed on Friday, in a sign the economy has a long way to go before achieving the Bank of Japan's inflation target of 1 percent.
TOKYO, Oct 26- Japan's Nikkei share average is expected to rise on Friday, supported by expectations of significant easing by the Bank of Japan, while investors appear to have priced in cuts to profit forecasts in the current earnings season.
BANGKOK-- Asian stock markets fell Friday after the latest data on U.S. housing dimmed hopes of improvement in an industry that is crucial to recovery in the world's No. 1 economy.
TOKYO, Oct 26- Japan Post Holdings Co has drafted a plan to go public in late 2015 and the government expects to raise up to 7 trillion yen from the sale of two-thirds of its shares to finance reconstruction from the March 2011 disaster, the Nikkei newspaper reported.
TOKYO-- Japan's Cabinet approved a 423 billion yen economic stimulus package on Friday, moving to fend off recession as the recovery in the world's third biggest economy falters. Japan's economy has remained in the doldrums for over 20 years and a hoped-for export-led recovery has been stymied by the European crisis and slowing growth in China and elsewhere.
TOKYO-- Japan's Cabinet has approved a 422.6 billion yen economic stimulus package, hoping to fend off recession amid mounting signs of a faltering recovery in the world's third biggest economy.
Aadil Ebrahim, Managing Director, Bowen Asia says that he likes high quality Japanese exporters, Chinese domestic consumption stocks and local Indian plays.
*Euro falls as Spain bailout uncertainty continues to weigh.