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Gold Up 1.5 As Stocks Globally Fall After Nikkei Crashes 7.3
Today's AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce. Yesterday's AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce. Gold fell $10.20 or 0.74% yesterday to $1,367.60/oz and silver finished up 0.07%. Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European ...
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Nikkei dives 7 ends below 14500
Tokyo’s Nikkei stock index tumbled more than 7 percent Thursday to end a roller-coaster trading session below 14,500 as selling triggered by weak Chinese data outpaced sharp gains made earlier and snapped a four-session winning streak. The 225-issue average closed down 1,143.28 points, or 7.32 percent, from Wednesday at 14,483.98, marking its steepest point fall since April 17, 2000, ...
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600 students lose loans for poor performance
About 600 university students have been declared no longer eligible for student loans because of their poor academic performance last year, the Japan Student Services Organization said Thursday. It is the first time the organization has taken such tough action, which was prompted by a growing number of unpaid loans. To continue to receive the loans, students are required to renew their ...
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Sony Blu-Ray makers sue Imation over blank discs
Imation Corp.'s line of blank Blu-Ray discs has drawn a lawsuit by Sony Corp. and other Blu-Ray inventors who say that the data storage company is infringing on their patents. Bloomberg reports that One-Blue a consortium created by Sony, Panasonic Corp., Pioneer Corp. and Koninklijke Philips claims in the suit that Oakdale-based Imation violates several patents, wrongly includes the ...
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UPDATE 1-Japan govt Nikkei plunge temporary wont derail Abenomics
Thu May 23, 2013 7:52am EDT * Japan government puts brave face on Nikkei plunge * Government, investors agree trigger was China data, recent rise * Top spokesman says no change to 'Abenomics' * Biggest slide since 2011 quake, tsunami (Adds government officials, market analysis) By Tetsushi Kajimoto TOKYO, May 23 (Reuters) - The biggest plunge in Japanese stock prices since a 2011 ...
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Premarket Stock futures off lows after Nikkei plunge
Stock futures are suggesting significant losses when U.S. and Canadian markets open this morning, but not nearly to the same degree as what was seen overnight in Asia and so far this morning in Europe.Japan's Nikkei took a brutal fall overnight, losing more than 7 per cent in heavy volumes, as the value of the yen spiked as much as 2.3 per cent against the U.S. dollar. It was the biggest ...
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Markets roiled by Nikkeis 7.3 percent slide
A man walks past an electronic stock indicator showing the Nikkei 225 index which nosedived 1,143.28 points, or 7.3 percent to close at 14,483.98 in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Shizuo ...
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Global Markets Reel on Nikkeis 7.3 Slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields ...
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Japans Nikkei plunges 7.3
U.S. stocks tumbled Thursday after Bernanke spoke, Fed meeting minutes released U.S. stocks, which fell sharply Wednesday, were poised for more declines Thursday. Following a sharp sell-off in global markets, Dow Jones industrial average futures were 1% lower while the broader Standard &Poor's 500 futures fell 1.2%. The tech-laden Nasdaq composite index was down 1.1%.Those declines are ...
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Japan market gyrations underline economys vulnerability while verdict still out on Abenomics
TOKYO - Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or yields, on 10-year Japanese government bonds briefly topped 1 per cent for the first time in a year on Thursday, following news that some ...
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Currencies Dollar tumbles vs. yen as Japan stocks sink
LONDON (MarketWatch) -- The dollar slumped on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunged on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ...
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European stocks dive after Tokyo plunge
LONDON (AFP) - European stock markets slumped in early trading on Thursday, with most indices losing more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's benchmark FTSE 100 index retreated 1.74 percent to 6,720.88 points, Frankfurt's DAX 30 slumped 2.33 percent ...
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Tokyo market plummets more than 7 drags down global stocks
A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...
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Japans Monetary Policy a Big Experiment
Ben Broadbent, member of the Monetary Policy Committee at the Bank of England, tells CNBC that Japan is in the midst of a big monetary experiment, so volatility in equity and bond markets should be seen in that ...
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Japan Economy Chief Warns Against Panic Over Stock Sell-Off
Japan 's economy minister said there's no reason to be perturbed by today's sell-off in the nation's stocks, as the recent surge in equities was faster than expected and the economy is steadily recovering. "There's no need to be perturbed as the Japanese economy is recovering soundly," Akira Amari told reporters in Tokyo today. "We will closely watch ...
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CA stops PH-Japanese contract to develop Nampeidai property in Tokyo
MANILA, Philippines--The Court of Appeals indefinitely stopped the implementation of a contract forged by the Philippine government with Japanese consortium Nagayama Taisei Corporation (NTC) for the development of the controversial Nampeidai property in Tokyo, Japan. In a 5-page resolution, the appeals court granted the injunction sought by Finance Secretary Cesar Purisima, Foreign Affairs ...
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Japanese shares plunge Nikkei closes down 7.3
Japanese shares plunged in Thursday’s trade – with the Nikkei closing down 7.3 percent and the Topix ending down 6.9 percent, its biggest fall since March 2011. One of the main drivers of the losses was data from China showing that manufacturing activity fell in May. Markets were also spooked by concerns that the US Federal Reserve might downscale its bond purchases. The Nikkei ...
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Liberia President Sirleaf Departs Liberia for AU Summit in Ethiopia Ticad V in Japan and Forbes Philanthropy Event in the United States
President Ellen Johnson Sirleaf departed the country on Wednesday, May 22, for intergovernmental engagements in Ethiopia and Japan, and a philanthropy event sponsored by Forbes Magazine, in the United States. According to an Executive Mansion release, President Sirleaf departed for Addis Ababa, Ethiopia, on the first leg of her trip, to attend the 21st Ordinary Session of the Summit of the ...
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Japanese man 80 sets Everest record
AN 80-year-old Japanese climber has reached the summit of Mount Everest, becoming the oldest person to scale the world's highest mountain. Yuichiro Miura and his party arrived at the summit around 9am (1315 AEST), according to his website. "I feel like the happiest person in the world. How could I have come so far at the world's oldest age of 80," Miura said. "I have never ...
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Japans Nikkei index slumps over 7
Japanese stocks plummeted today after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting on top of months of massive gains in share prices. The Nikkei 225 in Tokyo slumped by 7.3% to close at 14,483.98, its worst drop since the 2011 tsunami. Japan's 10-year government bond yield rose above 1% for the first time in a year, unnerving ...
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Osaka Gas Buys PNG Gas Fields
SYDNEY - Osaka Gas Co. Ltd. has agreed to pay up to US$204 million to acquire stakes in natural gas assets in Papua New Guinea owned by Horizon Oil Ltd., in the latest bet by an international energy company on the country's potential as a supplier of clean-burning fuels. Japan is the world's biggest importer of liquefied natural gas – a natural gas cooled to a liquid so it can ...
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Japan stocks plummet 7
Japanese stocks were also hurt by a strengthening in the yen, which makes exports more expensive overseas and erodes repatriated earnings. - ...
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Roundup Japan mulling to resume inter-governmental talks with DPRK
Japanese Chief Cabinet Secretary Yoshihide Suga said here Wednesday that Japan is mulling to resume the stalled inter-governmental talks with the Democratic People's Republic of Korea (DPRK) in an effort to resolve abduction issue.Suga said Prime Minister Shinzo Abe is resolute to resolve the issue and Japan seeks every possibility to communicate with DPRK to make the issue settled.Abe said ...
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Nagatomo Recalled for Japans World Cup Qualifier
(Reuters) - Flying fullback Yuto Nagatomo was recalled to the Japan squad on Thursday for the crunch 2014 World Cup qualifier against Australia next month, where victory would secure a berth in Brazil and damage the Socceroos' hopes of joining them. A knee injury forced Nagatomo to miss Japan's last qualifier in Jordan where the Asian champions needed only a point to claim an early place ...
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Japan stocks plunge on weak China data
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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