Despite having a lot of cash, Nintendo has not deployed it on restructuring efforts hence it is not benefiting from the weaker yen, says Peter Boardman, Managing Director at Tradewinds.» Read More
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.
The Carlyle Group hopes to seal its first property deal in India this year and is buying homes for the elderly in Japan, as the private equity firm's real estate arm looks to make inroads in Asia.
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.