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Nikkei Closes Down Over 7% After Volatile Session

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  • FOREX-Euro bounces slightly, but Italy deadlock weighs Thursday, 28 Mar 2013 | 11:57 PM ET

    *Cyprus crisis sends jitters through Slovenian debt market. TOKYO, March 29- The euro edged up on Friday but stayed near four-month lows against the dollar, beset by political deadlock in Italy and worries the huge losses suffered by Cypriot depositors as part of a bailout could unnerve investors in other euro zone debt.

  • TOKYO, March 29- Yields on benchmark 10- year Japanese government bonds pulled back from a near-decade low on Friday, as investors took some profit ahead of next week's auction of similar maturities and a Bank of Japan policy meeting. It's good to take some profit right here, "said Tadashi Matsukawa, head of fixed-income at Pinebridge Investments in Tokyo.

  • After Cyprus, bond markets see Slovenia closer to bailout Thursday, 28 Mar 2013 | 10:34 AM ET

    LONDON, March 28- Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.

  • COMMODITIES-Markets defy strong dollar in broad rally Wednesday, 27 Mar 2013 | 5:50 PM ET

    *Gold moves above $1,600/ ounce. Crude oil futures in New York settled up for a fourth straight day after being pressured initially by government data pointing to higher stockpiles of oil in the United States, the world's largest consumer of the commodity.

  • TORONTO, March 28- BlackBerry co-founder Mike Lazaridis said on Thursday he has no plans to sell his stake in the smartphone maker even as he steps down from the board to focus on a new quantum computing investment fund.

  • UPDATE 1-Xerox names Kathryn Mikells CFO Thursday, 28 Mar 2013 | 5:34 PM ET

    March 28- Xerox Corp said it named Kathryn Mikells as its new chief financial officer to succeed Luca Maestri, who left to work at Apple Inc.. Mikells, 47, is set to join Xerox on May 2nd, making her the second top female executive after CEO Ursula Burns, the company said on Thursday.

  • *Gold to retest $1,550 in 3 months-technicals. SINGAPORE/ TOKYO, March 29- Gold ticked lower on Friday, on track to end the quarter with a loss of nearly 5 percent, as the euro stayed weak and a rally in equities boosted appetite for riskier assets. Gold fell $1.18 an ounce to $1,594.99 by 0332 GMT in extremely thin trade as many markets in Asia were closed for Good Friday.

  • WASHINGTON, March 28- U.S. corn inventories were larger than expected as of March 1, easing a near-term supply crunch ahead of a potentially record-setting crop that will be planted in coming weeks, the government said on Thursday.

  • *CSI300 -0.4 pct, SSEC -0.1 pct at midday; Hong Kong closed. SHANGHAI, March 29- China shares extended losses on Friday and major indexes appeared headed for a quarterly decline as disappointing company earnings and fears of policy tightening soured investor sentiment. Hong Kong markets were closed for the long Easter holidays and will reopen on Tuesday.

  • Clearwire, which is already majority owned by Sprint, said on Wednesday that it would continue talks with Dish but that it has not changed its recommendation in favor of its agreement with No. 3 U.S. mobile provider Sprint.

  • *Cyprus crisis shatters confidence in Slovenia. TOKYO, March 29- The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach as part of a bailout could unnerve investors in other euro zone debt.

  • That cruel reality confronts the four large emerging stock markets known as the BRICs: Brazil, Russia, India and China.

  • TANJUNG BENOA, Indonesia, March 29- Indonesia should slap a nationwide ban on the use of subsidised fuel by the country's 11 million private cars, a move that would save the government $8.6 billion this year and erase a widening fiscal deficit, a presidential adviser said.

  • NEW YORK, March 25- A Boeing Co 787 Dreamliner took to the sky on Monday in the first of two flights aimed at showing that the plane's new lithium-ion battery system meets regulatory safety standards, a key step toward ending a two-month, worldwide grounding of the high-tech jet.

  • SAN FRANCISCO, March 28- Wal-Mart Stores Inc is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com Inc..

  • *Hollande says "all tools are in place" for recovery. By Catherine Bremer and Nicholas Vinocur. PARIS, March 28- French President Francois Hollande declared on Thursday that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a "super-tax" on individuals was knocked down by the constitutional court.

  • *EU easing sanctions to encourage reforms in Zimbabwe. BRUSSELS, March 25- The European Union suspended most sanctions on Zimbabwe on Monday after voters there approved a new constitution paving the way for an election to decide whether President Robert Mugabe extends his 33- year rule.

  • INTERVIEW-Pinnacle Foods CEO interested in more M&A Thursday, 28 Mar 2013 | 11:50 AM ET

    NEW YORK, March 28- Pinnacle Foods Inc, the U.S. food company that went public on Thursday, is looking to add more brands to a portfolio that already includes Birds Eye vegetables, Vlasic pickles and Duncan Hines cake mixes, its chief executive said.

  • SAN FRANCISCO, March 28- Apple Inc has come under criticism from a Chinese marketplace regulator, which called for stronger supervision of the iPhone-maker's consumer policies within the country, according to state-run media.

  • *Coming up: USDA crop report at 11 a.m. CDT ( 1600 GMT. Corn for May delivery eased 8 cents to $7.27- 1/ 4 per bushel as of 10:13 a.m. CDT at the Chicago Board of Trade.