Topics

Sep 19, 2014

Dollar hits new six-year high above ¥109

The dollar jumped to a new six-year high above ¥109 in Tokyo trading on Friday as investors were relieved to learn that Scotland voted to remain in the United Kingdom. At 5 p.m., the dollar stood at ¥109.09-10, up from ¥108.54-55 at the same ...

| Sep 19, 2014

Nikkei ends near seven-year high

Stocks advanced sharply on the Tokyo Stock Exchange Friday on the heels of higher U.S. equities and the yen’s rapid falls, pushing up the benchmark Nikkei index to its highest closing level in nearly seven years. The Nikkei 225 soared 253.60 points, or 1.58 ...

As mobile arm struggles, Sony looks to PlayStation

| Sep 19, 2014

As mobile arm struggles, Sony looks to PlayStation

by Sophie Knight

The head of Sony Corp.’s PlayStation division hopes to raise its profit outlook for this year, in stark contrast to the electronics firm’s mobile business, which has forecast deep losses and sent Sony’s stock reeling. With Sony’s three core electronics businesses — the third ...

Dividend-challenged Sony contemplates smartphone exit from China

Sep 19, 2014

Dividend-challenged Sony contemplates smartphone exit from China

Sony Corp. might sharply downsize its smartphone operations in China because business is unlikely to grow against competition from popular local rivals, company sources said Thursday. Sony, which on Wednesday warned of a bigger loss than previously projected for fiscal 2014 ending March due ...

Sep 19, 2014

Cabinet sobers up on Japan's economic fundamentals

Japan’s economic fundamentals were downgraded in a monthly report Friday as the government issued its first gloomy appraisal in five months, citing persistent weakness but insisting a slow recovery was underway. “The Japanese economy is making a moderate recovery, while weakness can be seen ...

Alibaba IPO prices at top of range, raising $21.8 billion

Sep 19, 2014

Alibaba IPO prices at top of range, raising $21.8 billion

Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of ...