Business Topics

| 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 ...

| Jul 14, 2014

Nikkei snaps five-day losing streak

Stocks climbed for the first time in six sessions Monday, thanks to buybacks inspired by higher U.S. equities. The Nikkei 225 average closed up 132.78 points at 15,296.82. On Friday, the key market gauge slipped 52.43 points. The Topix climbed 10.27 points to end ...

| Jul 11, 2014

Greenback drops below ¥101.50

The dollar lost further ground to slip below ¥101.50 in trading on Friday as the yen attracted safe-haven demand due to concerns over a major bank in Portugal, but its downside was limited before the weekend. At 5 p.m., the dollar stood at ¥101.36-36, ...

| Jul 10, 2014

Dollar drops slightly to ¥101.51

The dollar moved narrowly around ¥101.50 in Tokyo trading Thursday, pressured by an overnight drop in U.S. long-term interest rates and a fall in Tokyo stock prices. At 5 p.m., the dollar stood at ¥101.51-52, down from ¥101.65-66 at the same time Wednesday. The ...

| Jul 10, 2014

Nikkei falls on dismal machinery orders

Stocks lost ground Thursday with investor sentiment hurt by Japan’s disappointing machinery orders in May. The Nikkei 225 average lost 86.18 points to close at 15,216.47. The Topix ended 11.57 points lower at 1,259.25. Both indexes extended their losing streaks to a fourth session. ...