Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.» Read More
Household debt in Asia is growing quickly, spurring concerns consumers may struggle to pay their bills as interest rates start to tick higher.
June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.
Traders said that foreign investors placed a large amount of buy orders on such bellwether stocks as Toyota Motor Corp, which jumped 2.6 percent and was the second-most traded stock by turnover. Honda Motor Co and Sony Corp surged 1.8 percent and 3.8 percent, respectively.
TOKYO, June 18- Japan's Nikkei share average edged up on Wednesday morning, benefitting from gains on Wall Street and a weaker yen which drove exporters higher. Exporters were stronger after the dollar reached a one-week high of 102.25, with Panasonic Corp soaring 2.9 percent, Nissan Motor Co adding 0.5 percent and Tokyo Electron Ltd gaining 1.2 percent.
WASHINGTON, June 16- The U.S. Supreme Court on Monday threw out an appeals court ruling that had allowed a lawsuit by a federal regulatory agency to go forward against several banks over their role in selling mortgage-backed securities to now-failed credit unions.
Both markets are wooing buyers, even as they flash different messages about the economy.
China will cut the level of reserves banks must hold for those that have sizable loans to the farming sector and small- and medium-sized firms.
The dollar rose, getting a lift from fatter Treasury yields and investor anxieties about policy shifts from the ECB.
Japan's Dai-ichi Life Insurance Co. has agreed to buy U.S. peer Protective Life for $5.7 billion, the largest acquisition by a Japanese insurer.
Thousands of oncologists, investors, researchers and analysts descended on Chicago for the annual ASCO, the year's biggest cancer research meeting.
General Electric has improved its offer for French train and turbine maker Alstom, with a pledge to create 1,000 jobs in France, sources said.
*Wall Street rise, solid U.S. housing data support sentiment. TOKYO, May 26- Japanese shares climbed to a one-month high on Monday morning, extending its winning streak to a third day, helped by the yen's retreat and a closing record-high for Wall Street on upbeat U.S. housing data.
Bargain hunters sharpening their knives in hopes Thailand’s coup will bring buying opportunities should put the silverware away, Goldman said.
*Sony falls after CEO fails to impress investors with restructuring plans. TOKYO, May 23- Japan's Nikkei share average surged to a four-week high on Friday morning, thanks to upbeat economic data in Japan's two biggest trade partners, with the yen's retreat rounding out an encouraging array of positive catalysts.
Asian stocks ended mostly higher on Thursday on upbeat Chinese data and the Federal Reserve's reassurance that rates would not rise anytime soon.
The historic mandate won by India's BJP party has amped up enthusiasm for Indian stocks, with banks raising their targets for the Sensex index.
Data points from Asia's two biggest economies, the Bank of Japan and the Federal Reserve will likely influence regional markets this week.
*Nikkei turns negative on week, strong yen hits exporters. *Fall in U.S. stocks, yields raise concerns. TOKYO, May 16- Japanese shares stumbled on Friday as the combination of a stronger yen and a second day of declines on Wall Street depressed sentiment, leaving the market poised for the third-week of losses in the past month.
Gold ended above $1,300 an ounce on Wednesday after the dollar and global equities came under pressure.
The euro bounced back thanks to the Bank's of England's loose monetary policy and Asian central banks.