Business Topics

Jun 14, 2013

Dollar briefly tumbles below ¥94

The dollar temporarily plunged below ¥94 in Tokyo trading Thursday, reflecting risk-aversion moves following a massive drop in Tokyo stock prices. Rebounding from intraday lows below ¥94, the dollar stood at ¥94.20-24 at 5 p.m., still down sharply from ¥96.80-81 at the same time ...

Jun 14, 2013

Back to square one: Nikkei sheds all Abe-led gains

The Nikkei average nose-dived again Thursday after Wall Street’s slump overnight and the yen’s rise, shedding all its gains since the Bank of Japan launched powerful monetary easing in early April. The Nikkei 225 ended down 843.94 points, or 6.35 percent, at 12,445.38, the ...

Jun 13, 2013

SEC fines Chicago exchange for regulatory lapses

Federal regulators Tuesday fined the Chicago Board Options Exchange $6 million, saying its staff interfered with its three-year investigation of short selling at a member firm in an unprecedented breakdown of trading supervision. The settlement, which calls for immediate remedial actions, is the first ...

Jun 13, 2013

Dollar falls below ¥97 amid plunge

The dollar fell below ¥97 in Tokyo trading Wednesday following its plunge abroad, but cut early losses thanks to the resilience of Tokyo stocks. At 5 p.m., the dollar stood at ¥96.80-81, down from ¥98.17-17 at the same time Tuesday. The euro was at ...

Jun 13, 2013

Stocks dip, cut losses as yen's climb pauses

Stocks closed slightly lower Wednesday after cutting early losses with the aid of buying on dips and buybacks thanks to a halt in the yen’s rise. The 225-issue Nikkei average closed down 28.30 points, or 0.21 percent, at 13,289.32. On Tuesday, the key market ...

Jun 13, 2013

U.S. stocks end choppy day down

Renewed concerns that central banks will ease off their support for the global economy hit the U.S. stock market Tuesday, wiping out its gain for the month. It looked bad from the start. Indexes began sliding from the opening bell, trailing markets in Asia ...

Shirakawa revival sought amid rout: Japan Credit

Jun 8, 2013

Shirakawa revival sought amid rout: Japan Credit

Bank of Japan Gov. Haruhiko Kuroda’s success in fueling inflation expectations has caused some investors to seek a revival in his predecessor’s policies to temper the worst Japanese government bond losses in nine years. JGBs maturing in more than 10 years have lost 3.8 ...

Jun 7, 2013

Directionless Nikkei ends at two-month low

The Nikkei average lost further ground to end at another two-month low Thursday after seesawing amid uncertainties over the course of U.S. monetary policy. The Nikkei 225 closed down 110.85 points, or 0.85 percent, at 12,904.02, dropping below 13,000 for the first time since ...