Tobias Harris, Analyst at Teneo Intelligence, says the political impact of the ministerial resignations will likely be limited unless more scandals emerge.» Read More
The Bank of Japan left its policy rate target unchanged at 0.50% on Thursday as expected, as it waits for more evidence that U.S. subprime woes will not threaten its scenario for modest growth in Japan.
Asian markets closed broadly higher Wednesday, having been cheered by a rally on Wall Street the previous day after the Federal Open Market Committee's meeting minutes revealed a unanimous decision to cut US interest rates.
Asian markets swung back into positive territory to close higher Tuesday with Australia setting a new record and South Korea finishing almost flat after an erratic session with stocks see-sawing.
Asian markets finished mixed Monday, with South Korea closing at a new record high while China closed having reached record intra-day peaks. Trading volume was thin with Japanese markets closed for a one-day holiday.
Quick, when I mention Hyundai, what do you think? If it's along the lines of "well made cars for the middle and entry level markets" you are not alone. In fact, this reputation for solid but inexpensive cars has the Korean automaker at a crossroads.
Asian stocks had a mixed end to the week as many investors stayed out of the market in the run-up to the U.S. jobs data due later Friday. Japanese, South Korean and Taiwanese stocks were weaker, but the Heng Seng enjoyed a late-session rally.
Asian stocks finished mostly lower Thursday as losses in the chip sector pulled the major indexes into the red, following a negative report on Intel.
Bank of Japan Deputy Governor Kazumasa Iwata struck a cautious tone on Japan's economic outlook, saying on Thursday that the central bank needs to adjust interest rates by closely examining risks, among them soft stock prices and a higher yen.
Asian stocks finished mixed Wednesday following a late-session decline in Hong Kong and Singapore as investors took profits in the wake of a two-day rally.
Good morning. Here's what I see for today: 1) We have been talking about the "decoupling" of the U.S. economy from the global economy--not that the U.S. isn't important to global growth (of course it is); but that the world is not as dependent on the U.S. consumer as it had been in the past.
Asian markets finished higher across the board Tuesday, with Hong Kong, Australia, Singapore and South Korea in record-breaking territory lifted by financial companies after big banks, including Citigroup, set out their losses from subprime crisis, raising hopes that the worst may be over.
On a regular basis, I get some variation of this question: Which one of the Big 3 has the best shot at picking up market share and giving Toyota and Honda a run for their money. In other words, which one of Detroit's automakers has the pipeline of cars, trucks and SUV's to become the "hot" brand?
Asian markets finished broadly in positive territory Monday, with Singapore seeing the best of the day's gains. Japan and South Korea both finished higher but Australia gave up earlier gains to close just a touch lower.
Japan's big manufacturers remained upbeat about business in September, a Bank of Japan survey showed on Monday, but the mood among non-manufacturers and smaller firms weakened, prompting concerns about the outlook amid a global market shakeout and fears of a U.S. slowdown.
A Japanese envoy flew to Myanmar on Sunday to urge the military government to thoroughly investigate the killing of a Japanese journalist during an anti-government rally and not to use force to end mass protests.
Investment bank Goldman Sachs has slashed its forecasts for economic growth in the United States, Japan and Europe, joining numerous forecasters who are abruptly changing view since the start of a global credit crunch.
Asian markets finished the week mixed Friday with Australia setting a new record as the surge in oil and commodity prices boosted shares of resource producers. But Japanese stocks lost steam after yesterday's advance and finished the day weaker.
Japanese industrial production jumped in August and is seen rising further despite global market turmoil, while core consumer prices fell from a year earlier for the seventh straight month as expected.
Asian markets closed higher across the board Thursday, with banking and technology stocks climbing after gains on Wall Street. Australia closed at a new peak while Japan finished at a six-week high.
I can't say I'm a fan of the 3:15 am wake up call, but this one I didn't mind. By 4 am I was interviewing UAW President Ron Gettelfinger about the new contract his union signed with General Motors. The strike is over and both sides get what they need out of this deal.