Business Topics

| Jul 22, 2014

Stocks snap three-day losing streak

Buoyed by a weaker yen and buybacks after their recent falls, stocks snapped their three-day losing streak Tuesday. The Nikkei closed up 127.57 points at 15,343.28. On Friday, the key market gauge sagged 154.55 points. The TSE closed Monday for Sea Day. The Topix ...

| Jul 18, 2014

Greenback drops below ¥101.50

The dollar was weaker below ¥101.50 in Tokyo trading on Friday as risk-averse sentiment strengthened after a Malaysian Airlines jetliner was blown out of the sky in eastern Ukraine, killing nearly 300 people, and Israel began a ground invasion. At 5 p.m., the dollar ...

| Jul 17, 2014

Dollar edges lower to ¥101.49

The dollar dipped to around ¥101.50 in Tokyo on Thursday, weighed down by sagging U.S. long-term interest rates. At 5 p.m., the dollar stood at ¥101.49-50, down from ¥101.69-69 on Wednesday. The euro was at $1.3533-3534, down from $1.3552-3556, and at ¥137.36-37, down from ...

| Jul 16, 2014

Dollar firms on Yellen comments

The dollar was firmer around ¥101.70 in Tokyo trading on Wednesday, underpinned by U.S. Federal Reserve Chairwoman Janet Yellen’s congressional testimony that suggested the possibility of an earlier than planned interest rate hike. At 5 p.m., the dollar stood at ¥101.69-69, up from ¥101.56-56 ...

| Jul 16, 2014

Lackluster Nikkei logs small drop

Stocks ended slightly lower Wednesday as trading lacked direction amid a dearth of fresh incentives. The 225-issue Nikkei average closed down 15.86 points at 15,379.30. On Tuesday, the key market gauge climbed 98.34 points. The Topix dipped 0.09 point to end at 1,273.59 after ...

Wall St. retreats on Yellen's comments on valuations

Jul 16, 2014

Wall St. retreats on Yellen's comments on valuations

U.S. stocks fell on Tuesday after Federal Reserve Chairwoman Janet Yellen and her fellow Fed policymakers raised concerns about “substantially stretched valuations” in some sectors. In the monetary policy report accompanying her congressional testimony, Yellen said that “equity valuations of smaller firms as well ...

| Jul 15, 2014

Dollar steady at around ¥101.50

The dollar held firm around ¥101.50 in Tokyo trading Tuesday, helped by higher stock prices both in Japan and the United States. At 5 p.m., the dollar stood at ¥101.56-56, up from ¥101.46-47 at the same time Monday. The euro was at $1.3617-3619, down ...

| Jul 15, 2014

Nikkei finds a little room to rise

Stocks rose Tuesday, boosted by purchases following Wall Street’s advance, but their upside was capped by profit-taking and selling on a rally. The Nikkei 225 average closed 98.34 points higher at 15,395.16. On Monday, the key market gauge climbed 132.78 points. The Topix climbed ...

| Jul 14, 2014

Dollar rises toward ¥101.50 level

The dollar was firmer around ¥101.50 in Tokyo trading late Monday as concerns over major Portuguese bank Banco Espirito Santo receded. At 5 p.m., the dollar stood at ¥101.46-47, slightly up from ¥101.36-36 at the same time Friday. The euro was at $1.3635-3636, up ...