New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.» Read More
Asian stocks ended in negative territory Wednesday, following Wall Street's decline after disappointing earnings from big U.S. banks while record crude prices fueled concerns about the outlook for corporate profits.
Toyota Motor said it would recall about 470,000 cars in Japan including the Crown, Sienta and bB models, on fears of fuel leaks and steering problems, sending the automaker's shares lower.
Get ready. Here comes one of the biggest ad and marketing blitzes of the year. On TV, in magazines and on the internet--especially the internet--GM is out to prove it can still make a car we want.
The markets traded mostly lower in Asia as bank stocks were battered across the board, but a surge in crude oil prices powered energy stocks on expectations that record high oil prices would boost profits.
Several Asian markets raced ahead to rack up record gains at the start of the week. China's Shanghai Composite Index closed 2.2% higher as investors piled into oil stocks such as Sinopec following fresh highs for the commodity.
Asian stocks ended the week in negative territory, pulling back from record highs after a weeklong rally.
After a brief pause in the morning session, Asian stocks regained momentum to extend their record run in the afternoon and close higher across the board. Markets in Hong Kong, Australia and South Korea all touched lifetime highs.
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.