Business Topics

| Aug 25, 2014

Dollar lifted on Yellen speech

The dollar advanced above ¥104 in Tokyo trading Monday, taking heart from remarks by U.S. Federal Reserve Chairwoman Janet Yellen suggesting a possible hike in the Fed’s policy rate target that could come sooner than expected. At 5 p.m., the dollar stood at ¥104.11-12, ...

| Aug 25, 2014

Nikkei bounces back on weaker yen

Stocks staged a rebound Monday, aided by a rise in export-oriented names on the back of a weaker yen. The Nikkei 225 average ended up 74.06 points, or 0.48 percent, at 15,613.25. On Friday, the key market gauge sagged 47.01 points. The Topix climbed ...

| Aug 22, 2014

Dollar down slightly ahead of weekend

The dollar eased a little in range-bound trading above ¥103.50 in Tokyo on Friday, as investors retreated to the sidelines before a key U.S. economic event and ahead of the weekend. At 5 p.m., the dollar stood at ¥103.76-76, down from ¥103.82-83 at the ...

| Aug 22, 2014

Nikkei streak ends amid overheating fears

The Nikkei failed to stretch its winning streak to a 10th trading day Friday, pressured by profit-taking selling that reflected concerns over market overheating. The 225-issue index ended down 47.01 points, or 0.30 percent, at 15,539.19 on the Tokyo Stock Exchange. On Thursday, the ...

| Aug 20, 2014

Greenback tops ¥103 in Tokyo

The dollar rose above ¥103 in Tokyo trading Wednesday, thanks to purchases on a stronger-than-expected U.S. economic indicator, as well as speculative buying. At 5 p.m., the dollar stood at ¥103.29-29, up from ¥102.59-60 at the same time Tuesday. The euro was at $1.3293-3293, ...