Business Topics

New 'Bernanke shock' in cards for emerging markets: ex-IMF exec Kato

Emerging markets are at risk of revisiting last year’s “Bernanke shock” should the Federal Reserve signal an end to near-zero interest rates earlier than investors anticipate, according to Takatoshi Kato, once a deputy managing director at the International Monetary Fund. Former Fed Chairman Ben S. Bernanke triggered a rout across ...

Investors breathe sigh of relief at Scottish vote

Sep 20, 2014

Investors breathe sigh of relief at Scottish vote

Scotland’s decision to reject independence from the United Kingdom gave British markets a short-term lift Friday but worries over future constitutional changes kept a lid on the relief rally. The No campaign won 55.3 percent of the votes cast in Thursday’s referendum against 44.7 ...

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 ...