Business Topics

Feb 21, 2013

Dow record is in sight amid talk of more mergers

Talk of more deal-making sent the stock market higher Tuesday, putting the Dow Jones industrial average within close reach of its all-time high. Reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were ...

Feb 21, 2013

Dollar drifts lower below ¥93.40

The dollar eased slightly below ¥93.40 in Tokyo on Wednesday after Prime Minister Shinzo Abe has grown cautious about proposed purchases of foreign bonds. At 5 p.m., the dollar was quoted at ¥93.35-36, down from ¥93.46-46 at the same time Tuesday. The euro stood ...

Feb 21, 2013

Nikkei closes at 52-month high on overseas gains

Stocks rose Wednesday, bolstered by overnight gains in European and U.S. equities, with the Nikkei 225 average ending at a 52-month high. The Nikkei rose 95.94 points to hit 11,468.28, its best finish since Sept. 29, 2008, after briefly topping 11,500. The Topix gained ...

Feb 20, 2013

Dollar eases on Aso's BOJ remark

The dollar fell below ¥94 in Tokyo Tuesday after Finance Minister Taro Aso said the Bank of Japan will not buy foreign bonds as a monetary easing step. At 5 p.m., the dollar was at ¥93.46-46, down from ¥94.05-06 on Monday. The euro stood ...

Feb 20, 2013

Stocks fall in Europe after G-20 talks

Europe’s main stock markets mostly fell on Monday after a weekend meeting of the Group of 20 leading economies ended with Japan being spared an accusation of unfairly devaluing its currency. London’s FTSE 100 index of leading companies slid 0.16 percent to 6,318.19 points, ...

Feb 20, 2013

Nikkei retreats modestly on profit-taking moves

The Nikkei 225 average fell back Tuesday, pressured by profit-taking after the previous day’s surge, but investors’ continuing eagerness to buy Japanese stocks limited its loss. The Nikkei closed down 35.53 points, or 0.31 percent, at 11,372.34. But the Topix edged up 0.92 point, ...

Feb 19, 2013

Dollar skyrockets past ¥94 level

The dollar retook ¥94 in Tokyo on Monday after a Group of 20 meeting ended in Russia without taking Japan to task over the yen’s recent weakness. At 5 p.m., the dollar was quoted at ¥94.05-06, up from ¥92.48-52 at the same time Friday. ...

Feb 15, 2013

Dollar climbs into ¥93.50 range

The dollar rose toward ¥93.50 in Tokyo trading Thursday, aided by expectations of additional monetary easing by the Bank of Japan in the future. The greenback stood at ¥93.43-48 at 5 p.m., up from ¥93.20-21 on Wednesday. The euro was at $1.3386-3388, down from ...

Feb 15, 2013

Nikkei rebound aided by yen being talked down

The Nikkei 225 average rose Thursday, helped by buybacks on the back of the yen’s weakening. The benchmark index gained 55.87 points to close at 11,307.28. On Wednesday, the Nikkei tumbled 117.71 points. The Topix, however, sagged 2.14 points to end at 954.88 after ...