Currencies: Euro rises to level not seen since EU-IMF bailout
The euro regains the $1.30 mark and then some, as doubts about the U.S. credit rating undercut the dollar. Japan’s yen extended a move higher against the greenback as well. Click here to read the full story
Read more..Asia Markets: Japan earnings likely to be brighter
Japanese shares trade broadly higher, ahead of what many believe will be a brighter round of earnings reports, with reports in the Japanese business daily Nikkei and analysts tipping higher earnings ahead for exporters as cost cuts largely offset the effects of a stronger currency. Click here to read the full story
Read more..Japan’s Ruling Party Suffers Setback in Elections
Japan faced political gridlock after the ruling party’s drubbing in upper house elections on Sunday which will complicate efforts to put the economy in shape and threaten Prime Minister Naoto Kan’s own position. Click here to read the full story
Read more..Asia Markets: Japanese shares end down on political uncertainty
Japan’s stock market erases earlier gains in the wake of an election setback for the country’s ruling party. Click here to read the full story
Read more..Japan votes in election seen as test for Democrats
By MALCOLM FOSTER 2010-07-11T01:16:16Z TOKYO (AP) — Japanese voters cast ballots in a parliamentary election Sunday that is viewed as a test of confidence in the ruling Democrats’ 10 months in power…. Click here to read the full story
Read more..Japan Machinery Orders Slide on Recovery Doubts
Japanese machinery orders tumbled by the most in almost two years, suggesting a corporate spending recovery could be delayed as companies turn cautious due to signs of a slowdown in global growth and worries about a rising yen. Click here to read the full story
Read more..Currencies: Dollar weakens under jobless, ISM, housing data
The dollar extended losses against the euro and Japan’s yen on Thursday after data showed U.S. jobless claims rose, pending home sales plunged and manufacturing activity slowed, all signaling weakness in the country’s economic outlook. Click here to read the full story
Read more..Japan PMI Falls in June But Near 4-Year Highs
Japanese manufacturing activity declined in June but remained near its highest level in almost four years, a survey showed on Wednesday, suggesting a recovery in factory output has weathered Europe’s sovereign debt crisis. Click here to read the full story
Read more..Japan Retail Sales Show Spending May Be Losing Steam
Japan’s retail sales in May rose at their slowest annual pace in four months in a sign that stimulus-driven consumption may be losing momentum as the export-led economic recovery is expected to moderate in the coming quarters. Click here to read the full story
Read more..Fans Scramble for Apple’s iPhone Upgrade
Apple fans queued overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market. Click here to read the full story
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