Peter Schiff, CEO of Euro Pacific Capital, remains "very constructive" on China's economy and stock market. He adds that Thursday's plunge may be a good entry point for long-term investors.» Read More
It may be the number one question I get from people when they ask about the struggling U.S. automakers: Who would want these guys if they ever go belly up or get sold?
Bank of Japan Governor Masaaki Shirakawa said on Friday the central bank was putting equal focus on inflation and downside risks to the economy, reinforcing the view that interest rates will stay on hold at least for the rest of this year.
Toyota Motor will cut its global sales target for calendar 2008 by 3.6% to 9.5 million vehicles to reflect a sharp slowdown in the United States, Japanese national broadcaster NHK said on Wednesday.
The Bank of Japan left interest rates on hold at 0.5% on Tuesday as expected but downgraded its growth forecasts, warning high energy costs are slowing the world's second largest economy.
I've said it for some time, and will continue to say it to anyone who asks. The flexibility Asian automakers have to build different vehicles in different plants is the reason they'll ride out this tough time better than the Big 3.
Japanese wholesale prices rose slightly more than expected in June from a year earlier to hit a fresh 27-year high on surging oil and commodity prices, adding gloom to firms facing dwindling profit margins.
Japan's core machinery orders rose a faster-than-expected 10.4% in May, suggesting capital spending was holding up, but economists were cautious about the outlook as soaring costs hurt corporate bottom lines.
Toyota Motor Corp plans to install solar panels on some Prius hybrids in its next remodelling, responding to growing demand for "green" cars amid record-high oil prices, a source briefed on the matter said on Monday.
Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.
Airbus is expected to sell five A380 superjumbo aircraft to All Nippon Airways, its first sale of the world's biggest passenger plane to a Japanese airline, the Nikkei business daily reported on Friday.
June payrolls came in in line with expectations, though there were revisions downward in prior months. No surprise, the ECB raised rates a quarter point to 4.25 percent; Sweden also raised rates. The dollar rose. What's up in Japan? The Nikkei has fallen 11 days in a row, the longest losing streak since 1953.
Confidence among big Japanese manufacturers fell to a five-year low in June, a central bank survey showed, but the fall was less than expected, hitting Japanese bonds while helping push up shares.
Toyota Motor said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult.
Japan's annual consumer inflation accelerated to a decade-high in May on surging energy costs, and household spending dipped as the job market stagnated, darkening the outlook for the world's second-largest economy.
The uranium sector is due for a rebound and investors can profit from this by buying either miners or companies building nuclear power plants, according to Peter Howe, head of trading at Helvetia Wealth.
Activist overseas funds lost battles against Japan's J-Power and NipponKoa Insurance on Thursday, as shareholders knocked back moves to oust management and win dividend hikes.
Bank of Japan policy board member Seiji Nakamura said on Thursday the global economic outlook is highly uncertain due to world inflation worries and slowing economic growth, signaling there will be no policy change by the central bank in the near term.
Nissan Motor is close to having to raise prices in Japan amid a surge in the cost of raw materials such as steel, Carlos Ghosn, chief executive of Japan's third-largest automaker, said on Wednesday.
Japan's exports in May rose more than expected from a year earlier, in a sign that growth in Asia and other developing countries is continuing to offset falling U.S. demand -- at least for now.
With Standard and Poor's putting GM, Ford, and Chrysler (and their respective finance companies) on credit watch with negative implications, the big issue is not just the deteriorating auto market, it's the potential liquidity crisis looming for these firms.