Asian indices were broadly lower early Thursday, as a rout in energy stocks and a slew of disappointing corporate earnings weigh on regional markets.» Read More
Citigroup appointed Shreyas Bordia managing director in its EMEA energy team based in London. Bordia joins from Morgan Stanley, where he was part of the energy team with a primary focus on the E&P and oil field services sectors, Citigroup said in a statement. DeBono, based in London, will focus on risk management and valuation of complex assets at FTI Consulting,...
The buyout firm named Dave Bordeau, Marni Payne and Raleigh Shoemaker managing directors, who, along with 19 other managing directors, will manage the firm and its affiliated investment funds. The bank named Amanda Chen deputy head of its wealth management arm for Asia, ex- Japan. Cheah, who is based in Singapore, joins Avista from BNP Paribas Securities, where she...
Japan approved $29 billion of stimulus spending to help lagging regions and households, but analysts are skeptical of how much of a growth boost it will offer.
China's Xiaomi is raising over $1 billion from investors including Singapore's GIC that would value the smartphone maker at over $45 billion, sources said.
After a ho-hum performance for most of 2014, analysts believe that Japan's Nikkei 225 will see better days in the year ahead.
China has told its banks to lend more and lower loan-to-deposit ratios, as Beijing prepares to release data that confirms a slower economy.
Japan Prime Minister Abe's election gamble is expected to end in a respectable, if not landslide, victory, but some are concerned the bid may fail.
*Sony jumps to 3 1/ 2- year high on growth hopes, broker upgrade. TOKYO, Nov 25- Japan's Nikkei share average rose on Tuesday morning as Wall Street's gains and China's interest rate cut encouraged investors to play catch-up after a long weekend. JPMorgan raised its rating on Sony to' overweight' from' neutral', saying that bad news about its mobile phone and TV...
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts.
Microsoft will start offering the Office suite for free as more people prefer to work on mobile devices, reports the New York Times.
The dollar-yen broke above the 115 level for the first time in seven years on Thursday.
Widespread usage of smartphone cameras is pushing point-and-shoot digital camera sales into a "free fall", and there's little hope of a turnaround.
Hopes abound that mom-and-pop gamblers will sweep into Macau and save the day, but it isn't clear they can replace the VIPs who are staying away.
TOKYO, Nov 4- Japan's Nikkei share average hit a seven-year high on Tuesday as investors gave a thumbs up to the Bank of Japan's unexpected move to ease policy further and the public pension fund's reallocation of assets to switch more funds to domestic stocks. Turnover at the Tokyo Stock Exchange's main board hit 5.4 trillion yen, the second highest on record.
TOKYO, Nov 4- Japan's Nikkei share average hit a seven-year high on Tuesday as investors gave a thumbs up to the Bank of Japan's unexpected move to easy policy further and the public pension fund's reallocation of assets to swtich more funds to domestic stocks. Financial and real estate shares outperformed the market, with Daiwa Securities surging 12.3 percent.
Japan stocks have been on fire since the BoJ's fresh stimulus, raising questions over whether the rally is sustainable beyond short-term euphoria.
*Honda shrugs off U.S. regulator probe. TOKYO, Nov 4- Japanese stocks jumped to a seven-year peak on Tuesday, as investors lapped up a set of positive catalysts including an unexpected central bank move to ease policy further and a reallocation of funds to domestic stocks by the public pension fund. Also on Friday, Tokyo confirmed that the Government Pension...
The BoJ's stimulus blitz raises the specter of currency wars as a rapidly weakening yen threatens the competitiveness of export-driven economies.
TOKYO, Oct 31- Japanese stocks soared to levels before the global financial crisis on Friday, after the Bank of Japan stunned markets by easing policy further in a move prompted by slow inflation after an April tax hike dented economic growth. The central bank decided to increase the pace at which it expands base money to about 80 trillion yen per year, up from a...
Everyone wants a piece of India's booming online retail sector, but for those without billions to spare, the best bet may be the delivery men.