Chris Richter, deputy Head of Japan Research and Senior Analyst at CLSA, expects Japan Inc to start raising wages soon, with Toyota Motor and other carmakers taking the lead.» Read More
Asian markets closed mostly higher Friday after comments by Federal Reserve Chairman Ben Bernanke raised hopes for an interest-rate cut in December, but China's Shanghai Composite Index ended sharply lower as PetroChina and financial stocks fell.
Asian markets ended higher across the board Thursday, as risk appetite returned to the market after comments from the vice chairman of the Federal Reserve bolstered expectations for a U.S. interest rate cut.
Asian markets slipped into the red Wednesday, with the exception of the Hang Seng index, paring back the modest gains made in the morning. Japan finished down while South Korea closed over 1 percent lower.
Asian markets see-sawed in volatile trade Tuesday to end mixed as financial counters rebounded on news that Citigroup will receive a large cash infusion from the investment arm of the Abu Dhabi government. The news pushed the Japanese and South Korean markets back into the black after spending most of the session in negative territory.
Asian markets surged to close firmly in the green Monday, with the exception of China's Shanghai Composite index, reversing four straight weeks of losses. Tokyo gained 1.6 percent, but South Korea came out tops with a whopping 4.7 percent advance.
It was a mixed session for Asian stocks on Friday with some markets gaining ground as investors picked up beaten-down shares after a six-session losing streak. But trading was dulled by holidays in Japan and the United States.
Steel baron Lakshmi Mittal may be assessing a bid for Burren Energy, the Economic Times said on Thursday, shortly after Italian oil major Eni dropped a possible $3.5 billion bid for the British oil producer.
After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.
Arcelor Mittal, the world's largest steel maker, has raised its stake in China Oriental Group to over 73 percent, becoming the first foreign firm to take control of a Chinese steel maker.
Dubai International Capital (DIC) plans to buy stakes in large Asian listed companies such as Singapore Telecommunications and DBS Group Holdings, a Singapore newspaper reported.
Mitsubishi UFJ Financial Group, Japan's largest bank, posted a 49 percent drop in first-half profit on Wednesday, hit by subprime-related investments and hefty losses at its credit card unit.
Japan Tobacco, instant noodle maker Nissin Food Products and frozen food maker Katokichi announced Thursday a deal under which Japan Tobacco and Nissin will purchase the frozen food producer.
Oil prices spiked to a record high just shy of $100 a barrel lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.
Trading proved volatile in the afternoon Asia session Tuesday with markets see-sawing and in out of the black. Australia and South Korea ended lower, but a late turnaround pushed Japanese stocks out of the red with the Nikkei closing 1.1 percent higher.
A group of investors led by U.S. buyout firm J.C. Flowers & Co will bid about $1.8 billion for up to 32.6 percent of Shinsei Bank, reinvesting in the Japanese bank it helped resurrect in one of the most lucrative private equity deals ever.
Asian markets closed mostly lower Monday with investors selling stocks on U.S. economic concerns amid a lack of market-moving factors. Japan and South Korea both finished lower after initial gains during the morning session.
Asian markets closed sharply down Friday, amid renewed worries about the health of the U.S. economy and the effects of the credit crunch on the broader global economy. Japan, South Korea and Australia all declined.
Asian markets closed lower Thursday, with investors selling ahead of key U.S. October consumer inflation data due later today. Japan, South Korea and Australia all finished lower despite trading higher throughout most of the session.
The World Bank on Thursday lifted its economic growth estimate for East Asia this year by a full percentage point after an unexpected strong spurt in China's growth in the first half of 2007.
Asian markets rebounded after four straight sessions of losses, with some markets climbing nearly 5 percent as investors picked up financials and other battered stocks.