N Chandrasekaran, CEO & MD of Tata Consultancy Services, explains why a focus on the Japanese market is the "right strategy" for the Indian IT firm.» Read More
BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.
*MSCI Asia hits 3- year peak, Nikkei up after Japan holiday. LONDON, July 22- European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.
LONDON, July 22- The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.
*Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.
TOKYO— World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro- Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. In Europe, Britain's FTSE 100 gained 0.5 percent to 6,764.55 and Germany's DAX added 0.8 percent to 9,689.15.
*MSCI Asia touches 3- year peak, Nikkei rises after Japan holiday. TOKYO, July 22- Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro.
Still, markets were unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, keeping the dollar and euro in a narrow corridor against the Japanese currency.
TOKYO, July 22- Longer-dated Japanese government bond yields inched up on Tuesday as the market braced for fresh supply of super long bonds. The Ministry of Finance will offer 1.2 trillion yen of 20- year JGBs on Wednesday. Treasuries were well supported by flight-to-quality bids amid ongoing tensions in Ukraine and Gaza.
In the Gaza Strip, Israeli jets, tanks and artillery continued to pound Gaza as the death toll from a two-week conflict topped 500. Malaysia has reached an agreement with the leader of the separatist group to retrieve the bodies of the victims from last week's downing of a Malaysia Airlines passenger jet as well as the plane's two black boxes, Malaysian Prime Minister Najib Razak said on Tuesday.
But that said, markets were still unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, limiting the rebound by the dollar and euro against the safe-haven yen.
LONDON- Bank of England chief economist Andy Haldane speaks at the finance policy conference on "The Costs of Short-Termism"- 1800 GMT. WELLINGTON- RBNZ Deputy Governor Grant Spencer delivers a speech on the central bank's review of prudential regulation- 0500 GMT. SYDNEY- 2nd Latin America Australia Investors Forum.
*SK Hynix says received formal notice of Toshiba suit. SEOUL, July 21- South Korea's SK Hynix Inc on Monday said Japanese rival Toshiba Corp is seeking 109.15 billion yen in damages in a lawsuit filed over the suspected leak of NAND flash memory chip technology.
OSLO- EU Commission Vice President Michel Barnier meets Norway Finance Minister Siv Jensen. SYDNEY- 2nd Latin America Australia Investors Forum. SYDNEY- RBA Governor Glenn Stevens speaks to the Anika Foundation Luncheon in Sydney- 0300 GMT.
COPENHAGEN, July 18- Danish virtual currency exchange CCEDK is to start trading cryptocurrency NXT for real money such as dollars and euros, the first company to offer this service for the lesser-known cousin of the bitcoin.
*Takata could face more costs if car makers expand air bag recalls. TOKYO, July 18- Takata Corp said on Friday it would book a special loss of around 45 billion yen in the April-June quarter after several car makers recently recalled vehicles due to potential problems with its air bags.
SINGAPORE, July 18- Brent futures climbed above $108 a barrel on Friday, extending sharp overnight gains amid heightened geopolitical concerns after a Malaysian jetliner was shot down over eastern Ukraine.
MUMBAI, India— Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
Just four months earlier, a Malaysia Airlines jetliner carrying 239 people disappeared about an hour after taking off from Kuala Lumpur. Even before the Flight 370 mystery, state-owned Malaysia Airlines was in serious financial trouble.
TOKYO, July 18- Japanese government bond prices were little changed on Friday, rising early on an overnight surge in U.S. The Ministry of Finance offered 270 billion yen of five-year JGBs on Friday.
TOKYO, July 18- The yen hit a five-month high versus the euro on Friday and held some of its overnight gains against the dollar as investors saw the currency as a safe haven after the downing of an airliner over Ukraine and the Gaza conflict stoked geopolitical tension. The Malaysian Airlines passenger jet was brought down over eastern Ukraine.