Search Results for: japan
Asia stocks mostly rise after European bank stress tests
October 27th, 2014
Asian stocks mostly rose after most of Europe’s largest banks passed a stress test aimed at checking the strength of the region’s financial system. European regulators examined the balance sheets of 130 lenders. In total, 25 banks failed, ten ...
Asian cooperation hanging on a handshake
October 27th, 2014
The APEC summit is just over a week away and all stops are out in Beijing to make it an economic and diplomatic triumph, despite the huge underlying challenges in managing China’s relations with the region. The primary goals ...
Dollar firm around 108 yen on eased concern about global economy
October 24th, 2014
The U.S. dollar stayed relatively firm around 108 yen Friday morning in Tokyo on eased worries about the global economy, but caution over another Ebola infection in the United States capped the currency’s further gain. At noon, the dollar ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
The TPP’s Missing Ingredient
October 23rd, 2014
Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the ...
Asian shares bask in glow of U.S. tech earnings
October 22nd, 2014
Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside ...
Currency Wars Evolve With Goal of Avoiding Deflation
October 22nd, 2014
Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantega popularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to ...
Citi architect criticises its retreat
October 22nd, 2014
John Reed, one of the architects of the modern-day Citigroup, has criticised his successors’ decision to shut down its consumer operations in 11 international markets, painting the move as shortsighted. “They’re looking at the business differently, they seem to ...
Eurozone fails to benefit from weak currency as oil price slides
October 20th, 2014
Pity the policy makers given the job of rescuing the eurozone from deflation. The unorthodox steps the European Central Bank has taken since June – including a programme of private-sector asset purchases – have caused a steep fall in ...
Scandal Over Brazilian Oil Company Adds Turmoil to the Presidential Race
October 20th, 2014
President Dilma Rousseff is in a tough fight for the Oct. 26 election after a former executive at Petrobras took a plea bargain and testified that her party had benefited from a bribery scheme. Paulo Roberto Costa was living ...
