Search Results for: Yen
Dollar sweeps higher, Japan shares shy from peaks
September 9th, 2014
The U.S. dollar held on to broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors. As the dollar finally broke to a ...
Asian Equities Mixed on Soft Lead
September 9th, 2014
Asian indices were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival. Overnight in the U.S., Wall Street closed mixed with energy producers leading losses on oil’s ...
Asian shares tentative, sterling plunges
September 8th, 2014
Sterling declined on Monday and British shares look set to underperform their peers in Europe after a poll found rising support for Scottish independence. European shares are expected to enjoy a firm tone on the whole, following gains on ...
Japan’s GDP Contracts Sharply
September 8th, 2014
A revised reading on Japan’s gross domestic product (GDP) showed the economy contracted an annualized 7.1 percent in the second quarter, worse than initial estimates of 6.8 percent as a nationwide consumption tax that took effect in April dragged ...
Gold Drops Sharply Below $1260 as U.S. Dollar Rallies
September 5th, 2014
Gold prices settled lower on Thursday as brighter prospects for the U.S. economy and the dollar dimmed the metal’s appeal. Bullion got little impetus from the European Central Bank’s dramatic decision to cut three separate interest rates, as well ...
Asian shares hit seven-year high on Ukraine, ECB hopes
September 4th, 2014
Asian shares steadied near seven-year highs on Thursday, underpinned by hopes of a ceasefire in Ukraine, although a cautious mood prevailed for now ahead of a European Central Bank meeting later in the session. Global shares had rallied on ...
Fukushima workers sue Tepco over unpaid hazard wages
September 3rd, 2014
Workers decommissioning Japan’s crippled Fukushima nuclear plant have sued its operator Tokyo Electric (Tepco) over unpaid hazard wages. The four men are demanding about 65m yen (£375,000; $620,000) in extra pay. They claim the compensation for removing contaminated debris ...
U.S. Dollar Gets Stronger
September 3rd, 2014
U.S. dollar bulls are enjoying their moment in the sun after a trying start to the year, and analysts told CNBC the good times could continue. The greenback strengthened to a seven month high against the yen in early ...
Asian stocks dip, euro stuck near one-year lows
September 2nd, 2014
Asian shares slipped on Tuesday as a U.S. holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank’s policy decision later this week. Spreadbetters expected an effectively flat open ...
Japan and India Pledge to Strengthen Ties as China Rises
September 2nd, 2014
Prime Minister Shinzo Abe pledged an upgrade of economic and security ties with India, saying Japan would double investment and expand defence cooperation amid concerns about China’s growing influence in the region. Abe and his Indian counterpart Narendra Modi ...
