Japan and China account for over two-thirds of Asia-Pacific's wealthy population, according to a new report. David Wilson, Head of Strategic Analysis at Capgemini Financial Services, discusses.» Read More
Asian stocks finished mostly in the green Wednesday, following a quiet trading day with a couple of markets closed for public holidays. The U.S. dollar hit another record low against the euro after weak U.S. economic data boosted expectations the Federal Reserve will cut interest rates again next month.
Japan's trade surplus nearly quadrupled in August from a year earlier as strong exports to Europe and Asia offset a slowdown in shipments to the United States, data showed on Wednesday, but economists were watching for possible fallout from softer U.S. growth.
Renewed concerns about credit markets and a slide in the U.S. dollar hurt some Asian financial and technology stocks Tuesday, but higher metals prices pushed Australian shares to close at a record high.
Asian markets closed firmly higher Monday with Australia setting a new record close, though trading was light due to holidays in Japan, South Korea and Taiwan.
Japan's ruling party picked Yasuo Fukuda, an advocate of warmer ties with Asian neighbors, to be the next prime minister, but the 71-year-old lawmaker faces a likely policy deadlock in a divided parliament.
Asian markets had a mixed end to the week as worries about U.S. inflation grew on the back of a persistently weak U.S. dollar. Japan closed lower but South Korea finished at a seven-week high despite spending most of the session in flat territory.
Japan's Sharp and Pioneer will form comprehensive capital and operational alliances. The two electronics makers agreed to cross-hold each other's shares through third-party allotments. Pioneer plans to issue new shares in December worth $357 million that will go to Sharp.
Asian stocks were mixed in lackluster trade Thursday. Markets drifted in a narrow range in and out of positive territory. But Japan, South Korea and Australia managed to make some gains.
HSBC is not considering acquisitions in Japan and will instead focus on growth by itself as it rolls out retail banking in the world's second-largest economy, HSBC Chairman Stephen Green said on Thursday.
Asian markets rallied Wednesday after the U.S. Federal Reserve slashed two key interest rates -- the benchmark fed fund rate and the discount rate -- by 50 basis points each. Japan soared 3.7% and South Korea closed 3.5% higher.
We all know them. The person who swears they'll never drive anything but Mercedes, BMW, or Lexus. When it comes to brand loyalty and the prospect of considering different brand cars and trucks, the foreign guys have enjoyed the type of loyalty American car companies crave.
Asian markets were mostly lower Tuesday as financial shares lost ground amid spreading turmoil in financial markets. Japan shed 2% while South Korea closed 1.77% lower.
Former cabinet minister Yasuo Fukuda appears a shoo-in to become Japan's next prime minister after a poll showed on Tuesday that most rank-and-file supporters of the ruling party -- like lawmakers -- backed him for the job.
Asian stocks finished mostly lower Monday, taking a breather after four straight weeks of gains. The Shanghai Composite Index closed 2% higher and South Korea ended a touch stronger after spending most of the day in negative territory. Australia finished weaker. A public holiday in Japan kept the yen subdued. Markets there were closed for a holiday and will reopen Tuesday.
Yasuo Fukuda is the runaway favorite to become Japan's next prime minister, according to a newspaper poll of ruling party lawmakers who will vote for a new leader on Sunday.
Asian markets finished the week higher across the board, boosted by financial shares with Japan closing almost 2% higher. However caution ahead of U.S. retail sales data due later in the session kept the U.S. dollar under pressure.
Momentum grew in Japan's ruling party on Friday to back 71-year-old lawmaker Yasuo Fukuda, known for his pro-Asian diplomacy, as successor to Prime Minister Shinzo Abe after his shock resignation.
Like the Ansari X Prize, which was claimed in 2004 by aircraft designer Burt Rutan and financier Paul Allen for a pair of flights by SpaceShipOne, the Google Lunar X Prize is open to private industry and non-government entities worldwide.
Most of the Asian indexes closed in positive territory Thursday following a very choppy trading session, with South Korea closing almost 2% higher. Energy shares rallied as oil held near a record peak above $80 set overnight.
Japanese Prime Minister Shinzo Abe was hospitalized Thursday for psychological stress and exhaustion a day after announcing his resignation, his doctors said, amid speculation health troubles prompted him to step down.