Tokyo: The Nikkei average rose on Wednesday, extending gains after a big jump the day before as investors continue to cautiously take heart from Europe's efforts to resolve its sovereign debt problem. Japan Tobacco, the world's third-biggest cigarette maker, saw active trade on news that the government may sell off its 50 per cent stake. Its shares soared to a three-year high before paring gains. Japanese shares managed to rise...
08:24 AM, Sep 28, 2011
Singapore: Asian shares fell and the euro slipped on Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis. European stocks tumbled 4 percent on Monday, with financial shares falling to their lowest in more than two years. Wall Street was closed on Monday for a holiday, but S&P 500 futures traded in Asia were down 2.3 percent. "It's the European disease...
08:53 AM, Sep 06, 2011
Tokyo: Japan's Nikkei stock average fell on Friday, slipping back below the 9,000 level as profit-taking emerged after six straight days of gains and following a drop in US shares ahead of a key jobs report. The Nikkei slid 8.9 per cent in August and while most market participants expect September to be a better month, uncertainty about the strength of the global economy continues to cap the upside. A...
09:12 AM, Sep 02, 2011
Melbourne: Asian stocks pushed higher in early trade on Thursday in line with a firmer tone on Wall Street, extending a recovery from a sharp sell-off in August on hopes the US Federal Reserve will intervene in markets to support the economy. Global markets have gained strength in recent days, rebounding from several weeks of losses that saw Asian stocks post their worst month in August since May last year,...
08:53 AM, Sep 01, 2011
Singapore: Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish US economic outlook and Europe's debt crisis. Spot gold prices hit a record high of $1,878.39 per ounce as the shaky global outlook prompted investors to move more money into the safe haven, while oil prices tumbled on hopes Libya may resume...
09:23 AM, Aug 22, 2011
Singapore: Asian stocks dropped 3 to 4 percent on Friday after panic triggered the worst sell-off on Wall Street since the global financial crisis, sending investors slashing positions and scrambling for cash and government bonds. Complicating matters was that Japan and Switzerland have intervened this week to weaken their currencies, which were considered the safest in the developed world. That has caused some safety-seeking investors to look elsewhere when financial...
08:11 AM, Aug 05, 2011
Japan is the Asian continent's biggest economy but stands hit by the crisis. ...
11:47 AM, Oct 09, 2008
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