Dec 30, 2008 7:31 AM ET
Stock markets across Asia-Pacific were mostly on the rise Tuesday with exchanges in Japan, South Korea, Australia, India, Malaysia and Thailand closing in positive territory. China and Hong Kong missed out on the rally with both CSI 300 and Hang Seng sliding into red.
Dec 29, 2008 10:33 AM ET
The Nikkei 225 Index in Tokyo closed higher 7.65 or 0.09%. Hang Seng index in Hong Kong rose 1.02%.
Dec 29, 2008 10:17 AM ET
Hong Kong market indices rose on towering oil prices and the conflict between Israel and Hamas fuelling worries that hostilities will affect oil supplies. China Iron and Steel Association announced the country''s steel plants posted a combined loss of Rmb12.77 billion in November.
Dec 25, 2008 2:09 PM ET
The second largest life insurer in Japan plans to demutualize the company and raise $11 billion in a global offering. The 106 year old insurance company is looking to improve its investment returns. The 11 trillion yen offering will be managed by Nomura Holdings, Merrill Lynch and Mizuho Financial.
Dec 25, 2008 11:07 AM ET
Vietnam devalues its currency as the current account deficit rises, economic growth slows and export fall faster than anticipated. The State Bank of Vietnam relaxed the trading band for the currency to 3% as exports of garments, shoes and toys stagnate. For the year the dong has fallen 5.5%.
Dec 24, 2008 10:36 AM ET
The Cabinet in Japan approves the largest budget for the fiscal year beginning next April. The budget increased 6.6% despite a fall in tax receipts. The government proposes to spend more for pensioners, payment to states and for emergency economic fund. Denso lowered its annual profit estimate.
Dec 22, 2008 6:33 PM ET
Tokyo stock market averages jumped more than 1.6% after the Bank of Japan expanded its asset purchase plan to commercial debts. November exports from Japan dropped 27%. Toyota cut its net income for the fiscal year by 91% and projected operating loss. Sales estimates were cut by 18%.
Dec 18, 2008 12:23 PM ET
Japan stocks rise on interest rate cut hopes. Winter bonuses fall 0.4%, a decline for the first time in six years. Auto sales in 2009 are expected to fall below 5 million vehicles for the first time in 31 years.
Dec 17, 2008 2:13 PM ET
Japan stocks rose 0.5% after the U.S. Federal Reserve cut its rates from 1% to record low range. Investors speculated that the Bank of Japan will also lower its base rate at its next monetary policy meeting. Automakers however trimmed gains after Honda lowered its outlook.
Dec 16, 2008 6:42 PM ET
In Tokyo stock indexes fell 1.1% ahead of the rate decision in the U.S. Market also awaited for clues from earnings of Goldman Sachs. Toyota Motors is expected to seek price reduction from steelmakers as early as January. Mitsubishi Corp acquired 4.6% stake in AEON and develop business in Japan.