Business Topics

Oct 1, 2013

Investors worldwide duck for cover

U.S. stocks sank Monday ahead of the government’s partial shutdown, which could lead to an event far worse for the economy — a failure to raise the nation’s borrowing limit. There is a simple reason why the budget battle — and, more importantly, an ...

Sep 27, 2013

Stocks snap losing streak across board

The Standard & Poor’s 500 index rose 6 points to close at 1,698 on Thursday, the index’s first positive day after five consecutive loses. The Dow Jones industrial average rose 55 points to 15,328, while the Nasdaq composite climbed 26 points to end at ...

Sep 26, 2013

Nikkei rallies on hopes for stimulus package

Expectations for upcoming economic stimulus measures pushed the Nikkei 225 average Thursday to its highest closing level in more than two months. The Nikkei shot up 178.59 points, or 1.22 percent, to close at 14,799.12, its best finish since July 18. It snapped a ...

Sep 26, 2013

Greenback rises, briefly tops ¥99

The dollar briefly rose above ¥99 in Tokyo trading Thursday, aided by a rise in stock prices after a news report that fueled hopes for a corporate tax cut in Japan. At 5 p.m., the dollar stood at ¥98.90-93, up from ¥98.53-54 at the ...

Sep 25, 2013

Nikkei sags on selling amid signs of overheating

Stocks slumped Wednesday, weighed down by selling amid technical signs of market overheating. The Nikkei 225 average closed down 112.08 points at the day’s low of 14,620.53, extending its losing streak to a third session. The Topix fell 3.72 points to end at 1,211.15. ...

Sep 25, 2013

Risk aversion sends dollar below ¥99

The dollar fell below ¥99 in Tokyo trading Wednesday as investor appetite for risk receded due to weaker stock prices. At 5 p.m., the dollar was quoted at ¥98.53-54, down from ¥99.07-09 at the same time Tuesday. The euro stood at $1.3484-3486, down from ...

Sep 24, 2013

Profit-taking, overheating fears see stocks slide

Stocks dropped slightly Friday, pressured by profit-taking amid a sense of market overheating. The Nikkei 225 average closed down 9.81 points at 14,732.61. The broader Topix shed 4.11 points to end at 1,214.87. The TSE was closed Monday for a national holiday. Stocks slipped ...

Sep 24, 2013

Greenback remains above ¥99 line

The dollar overcame early weakness and traded above ¥99 in Tokyo trading late Tuesday as speculation grew over a wider interest rate gap between Japan and the United States following a rise in American long-term interest rates in off-hours trading. At 5 p.m., the ...

Sep 20, 2013

Investor matchmaking about to get easier in U.S.

Only a year after its launch, Anton Gelman’s young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and ...

Sep 20, 2013

Canada sets up market regulator

Canada unveiled Thursday what it touted as the nation’s first national securities regulator to replace a patchwork of regional watchdogs and rules, although just two of its 10 provinces are onboard. It will be headquartered in Toronto and will replace the securities commissions of ...

Sep 20, 2013

Stock markets stop to catch breath

The U.S. stock market paused Thursday as investors tried to figure out what to do next following the Federal Reserve’s decision to hold steady on its stimulus program. The Dow Jones industrial average and Standard & Poor’s 500 index pulled back from their record ...

Sep 19, 2013

EU targets market manipulations

The European Union wants to regulate financial benchmarks that are used in transactions worth trillions of dollars globally, an effort to prevent market manipulations such as the one involving Libor, an interest rate banks use to borrow from each other. The European Commission, the ...