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 ...

| 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 ...