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TOKYO, Japan (AFP) — Toshiba shares tumbled in early trading Tuesday after news reports that the troubled industrial giant would again delay announcing its financial results. The stock lost 6.1 percent to 201.8 yen in the first few minutes before rebounding slightly to 204.8 yen, still down 4.69 percent from the previous day. Toshiba, reeling from huge losses at its United States nuclear power unit, was to issue its April-December financial results on Tuesday, one […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday as the yen picked up against the dollar after US jobs data beat expectations. Wall Street and most European equity markets traded firmly Friday in response to the American economy generating 235,000 new jobs in February, well above forecasts. And even though the robust reading confirmed views of a looming interest rate hike by the Federal Reserve, the dollar slipped after having risen ahead of […]
TOKYO, Japan (AFP) — Tokyo stocks fell Monday morning as a stronger yen discouraged investors already cautious ahead of United States President Donald Trump’s policy speech to Congress. Markets are keen to see details of Trump’s spending plans as well as proposals for tax reform, with uncertainty over their timing and size of his plans weighing on the greenback in recent weeks. Trump will address a joint session of Congress on Tuesday. “We are not […]
NEW YORK, United States (AFP) — Wall Street slouched to a positive finish on Friday with all three major stock indices making last-minute moves into positive territory after spending most of the session in the red. Though it finished essentially flat, the blue-chip Dow Jones Industrial Average also extended its streak of fresh all-time highs with an 11th consecutive record close. The Dow gained less than a tenth of a percentage point to close at […]
NEW YORK, United States (AFP) — US stocks jumped Tuesday with retailers and energy firms among the winners as positive sentiment about President Donald Trump’s economic agenda again lifted the market to fresh records at the close. All three major equity indices finished at all-time highs for the seventh time in eight sessions, with the Dow Jones Industrial Average up 0.6 percent at 20,743.00. The broad-based S&P 500 also gained 0.6 percent to end the […]
HONGKONG, China (AFP) — Tokyo stocks fell Monday despite a strong lead from Wall Street last week, as the yen’s ongoing resilience weighed on the market and Japan’s exports rose less than predicted. Shares in Hong Kong and China both posted modest early increases with trading in Asia expected to be muted ahead of the US Presidents’ Day national holiday. Wall Street had edged up to new records Friday as consumer products stocks gained on Kraft […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday as the dollar soared against the yen in response to the US central bank’s move to hike interest rates. The greenback was trading at a 10-month high of 117.63 yen — a plus for shares of Japanese exporters — after the Federal Reserve deemed the US economy strong enough to absorb higher borrowing costs. It was only the second rate rise in a decade. The […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Tuesday as investors bet on strengthening chances of Hillary Clinton winning the US presidential election. “We’ve been swung this way and that over who may win, but expectations of a Clinton victory are firming,” said Toshihiko Matsuno, a senior strategist at SMBC Friend Securities Co. “Since it’s easier to predict policy with her, there’s more of a sense of security in the market. “Stocks may price […]
TOKYO, Japan (AFP) 5/26/2016 -Takata shares skyrocketed in afternoon trade Thursday, following a report that US private equity firm KKR wants to take control of the embattled airbag supplier. Kohlberg Kravis Roberts (KKR) is looking to take over up to 60 percent of the company from the founding family, Japan’s leading business paper the Nikkei reported, prompting Takata’s shares to surge 21.16 percent to 458 yen at the Tokyo Stock Exchange. The rise is a […]
HONG KONG, China (AFP) Monday 4/25/2016 – Asian markets sank again Monday after losses on Wall Street and in Europe, with oil prices down and the yen recovering some of the losses suffered at the end of last week. Dealers moved cautiously at the start of a busy week that includes policy meetings at the US Federal Reserve and Bank of Japan as well as earnings reports from big-name firms including Sony and Nintendo. The losses […]
TOKYO, Japan |(AFP) Friday 4/22/2016 – Tokyo stocks opened lower on Friday as traders banked profits, snapping a three-day rally following a retreat in oil prices. US equity markets pulled back on Thursday from their 2016 peaks in the previous session following renewed weakness in crude prices and a deluge of earnings reports. “After a strong run, US stocks… retreated, which is weighing on Japanese stocks,” Juichi Wako, a senior strategist at Nomura Holdings, told […]
TOKYO, Japan (AFP) Friday 4/22/2016 – Mitsubishi Motors’ shares nosedived for a third day on Friday, falling more than 15 percent in early trading in response to its shock admission that it cheated on fuel-efficiency tests. At 09:41 am (0041 GMT), the stock was down 14.57 percent at 498 yen, after dipping as low as 489 yen, or 16.12 percent off. Panic selling in the past two days had already sent the share price tumbling by a third, […]
