Business Topics

| Jul 29, 2014

Greenback briefly eclipses ¥102

The dollar briefly topped ¥102 in late Tokyo trading Tuesday, aided by upbeat Tokyo stocks amid a persistent wait-and-see mood before releases later this week of a series of crucial U.S. economic data. At 5 p.m., the dollar was at ¥101.90-90, up from ¥101.87-87 ...

| Jul 29, 2014

Nikkei closes at six-month high

The Nikkei 225 average ended at a fresh six-month high above 15,600 on Tuesday, buoyed by purchases amid the yen’s weakness against other major currencies and robust performances of other Asian equities. The Nikkei rose 88.67 points, or 0.57 percent, to 15,618.07. It last ...

Jul 29, 2014

Kenya may sell Samurai bonds in drive to boost external debt

Kenya, East Africa’s largest economy, is considering selling Samurai bonds this fiscal year as the government prepares to raise its target for borrowing on external markets, Treasury Secretary Henry Rotich said. In addition to yen-dominated notes, the country may also offer foreign investors sukuk ...

| Jul 28, 2014

Dollar range-bound near ¥101.88

The dollar was range-bound below ¥102 in Tokyo trading Monday, with players retreating to the sidelines ahead of key U.S. economic events this week. At 5 p.m., the dollar was at ¥101.87-87, down from ¥101.89-90 at the same time Friday. The euro stood at ...

| Jul 28, 2014

Nikkei climbs past 15,500 threshold

The Nikkei 225 average kept rising Monday to end above 15,500 for the first time in about six months, helped by purchases reflecting hopes for strong earnings reports from major Japanese firms. The Nikkei closed 71.53 points higher at 15,529.40, its best finish since ...

Jul 28, 2014

BofA sees China hand in Belgian Treasury binge

China is driving a jump in Belgian holdings of Treasuries and is a key reason for a plunge in yields even as the Federal Reserve trims its stimulus to support growth, according to Bank of America Merrill Lynch. The CHART OF THE DAY tracks ...

| Jul 24, 2014

Dollar inches higher to ¥101.44

The dollar was slightly firmer in Tokyo trading Thursday as stronger than expected Chinese economic data spurred dollar purchases. At 5 p.m., the dollar was quoted at ¥101.44-45, up from ¥101.37-38 at the same time Wednesday. The euro stood at $1.3472-3473, up from $1.3457-3459, ...

| Jul 24, 2014

Nikkei falls on futures-led selling

Stocks lost ground Thursday, with buying on strong Chinese economic data overshadowed by futures-led selling. The Nikkei 225 average ended 44.14 points lower at 15,284.42. On Wednesday, the key market gauge slipped 14.72 points. The Topix fell 2.53 points to close at 1,269.86 after ...

| Jul 23, 2014

Dollar drops to below ¥101.40

The dollar was slightly easier below ¥101.40 in Tokyo trading late Wednesday, with no dollar-buying factors in sight. At 5 p.m., the dollar was quoted at ¥101.37-38, down from ¥101.49-50 at the same time Tuesday. The euro stood at $1.3457-3459, down from $1.3501-3507, and ...

| Jul 23, 2014

Nikkei inches lower in thin trading

Stocks retreated slightly Wednesday, with investors sidelined ahead of the upcoming earnings reporting season. The Nikkei 225 average ended down 14.72 points at 15,328.56. The Topix fell 0.88 point to close at 1,272.39. Buying outpaced selling at the outset on the heels of an ...