TOKYO, May 16 — Asian shares fell and the dollar rose broadly on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that a second election in June could precipitate Athens’ exit from the euro zone and deepen the bloc’s debt crisis.Investors continued to reduce positions in riskier assets, leading to a fall of more …
Posts tagged tokyo
Sony shares slide 7pc to 32-yr low, results disappoint
May 11th
TOKYO, May 11 — Sony Corp shed more than seven per cent to hit a near 32-year low today, a day after it posted a record annual loss of US$5.7 billion (RM17.1 billion) and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales. The Walkman and PlayStation maker has lost its …
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Shares pressured by weak China data, Europe jitters
May 10th
TOKYO, May 10 — Asian shares struggled today, as a weak Chinese trade data stoked fears of a growth slowdown and further undermined risk appetite already reduced by worries about the health of Spanish banks and deepening political chaos in Greece. European shares will likely open mixed, with financial spreadbetters predicting that major European …
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Saudi’s Naimi says kingdom pumping 10m barrels per day
May 8th
TOKYO, May 8 — Top oil exporter Saudi Arabia is pumping around 10 million barrels per day (bpd) and is storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali al-Naimi said today.
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Risk assets weaken after French, Greek elections
May 7th
TOKYO, May 7 — Risk assets fell broadly today after elections in Greece and France fuelled questions about whether struggling euro zone economies will continue to pursue austerity measures seen by markets as crucial to resolving the bloc’s debt crisis.
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Nissan to make premium Infiniti cars in China from 2014
Apr 20th
TOKYO, April 20 — Nissan Motor Co Ltd said today that it will start building vehicles under its premium Infiniti brand in China from 2014 as Japan’s No.2 automaker aims to challenge the dominance of German rivals in the world’s largest car market. The move to produce Infiniti models in China, where tariffs of 25 per cent put imported vehicles at a …
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Sony to axe 10,000 jobs in turnaround bid, Nikkei reports
Apr 9th
TOKYO, April 9 — Sony Corp is cutting 10,000 jobs, about 6 per cent of its global workforce, the Nikkei newspaper reported today, as new CEO Kazuo Hirai comes under pressure to return the Japanese consumer electronics and entertainment company to profit after four years in the red. The job cuts are the latest downsizing in Japan Inc where ..
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Shares fall on sluggish US jobs, focus on more data
Apr 9th
TOKYO, April 9 — Asian shares fell today as a sharp slowdown in US jobs growth raised concerns about the strength of the world’s largest economy, making investors cautious ahead of more US data and earnings as well as figures from China due this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell for a fourth straight session, …
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Japan’s Edano, Kansai Elec head to meet over reactor restarts
Apr 9th
TOKYO, April 9 — Trade Minister Yukio Edano will meet the president of Kansai Electric Power, Makoto Yagi, at 0100 GMT over the restart of the company’s nuclear reactors, the trade ministry said.
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Asian shares slip on renewed Europe concerns
Apr 6th
TOKYO, April 6 — Asian shares eased today, when many markets were closed for the Easter holiday, as investors stayed on the sidelines ahead of key US jobs data, avoiding risk after rising yields in weaker euro zone countries refuelled concern about Europe. Worries about Spain’s rising bond yields were somewhat offset, however, by fresh US data ..
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