Oct 2, 2013

Nikkei tumbles over 2% on futures-led selling

The Nikkei average tumbled to the lowest closing level in more than three weeks Wednesday, pressured by the yen’s rise and futures-led selling amid uncertainty over the U.S. fiscal deadlock. The Nikkei 225 closed down 314.23 points, or 2.17 percent, at 14,170.49, the lowest ...

Oct 1, 2013

Trusty 'tankan' coaxes limp Nikkei back to life

The benchmark Nikkei bounced back Tuesday, bolstered by the yen’s weakening and an improvement in domestic business confidence. The Nikkei 225 closed up 28.92 points, or 0.20 percent, at 14,484.72. The Topix index edged down 0.66 point, or 0.06 percent, to end at 1,193.44. ...

Oct 1, 2013

Investors worldwide duck for cover

U.S. stocks sank Monday ahead of the government’s partial shutdown, which could lead to an event far worse for the economy — a failure to raise the nation’s borrowing limit. There is a simple reason why the budget battle — and, more importantly, an ...

Sep 26, 2013

Nikkei rallies on hopes for stimulus package

Expectations for upcoming economic stimulus measures pushed the Nikkei 225 average Thursday to its highest closing level in more than two months. The Nikkei shot up 178.59 points, or 1.22 percent, to close at 14,799.12, its best finish since July 18. It snapped a ...

Sep 25, 2013

Nikkei sags on selling amid signs of overheating

Stocks slumped Wednesday, weighed down by selling amid technical signs of market overheating. The Nikkei 225 average closed down 112.08 points at the day’s low of 14,620.53, extending its losing streak to a third session. The Topix fell 3.72 points to end at 1,211.15. ...

Sep 24, 2013

Profit-taking, overheating fears see stocks slide

Stocks dropped slightly Friday, pressured by profit-taking amid a sense of market overheating. The Nikkei 225 average closed down 9.81 points at 14,732.61. The broader Topix shed 4.11 points to end at 1,214.87. The TSE was closed Monday for a national holiday. Stocks slipped ...

Sep 20, 2013

Investor matchmaking about to get easier in U.S.

Only a year after its launch, Anton Gelman’s young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and ...

Sep 20, 2013

JPMorgan to pay $920 million over loss, admits fault

JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. But the bigger price may be a few words rarely uttered in settlements with regulators: America’s largest bank is also admitting wrongdoing. JPMorgan’s acknowledged failure of ...

Sep 18, 2013

Nikkei hits eight-week high on large-cap buys

The Nikkei 225 average bounced back Wednesday to end at its highest level in about eight weeks, helped by brisk purchases of mainstay large-cap issues and futures-led buying. The Nikkei gained a tidy 193.69 points, or 1.35 percent, to close at 14,505.36, the highest ...

Yellen leads Fed list after Summers' exit

Sep 17, 2013

Yellen leads Fed list after Summers' exit

Central bank policy dove Janet Yellen was seen as the front-runner Monday to lead the Federal Reserve after President Barack Obama’s apparent preferred candidate Larry Summers’ surprise withdrawal. Yellen, currently vice chair of the Fed, and so the top lieutenant to outgoing chairman Ben ...

Sep 17, 2013

'London Whale' to cost JPMorgan $750 million

Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank’s disastrous “London Whale” trading losses last year, according to people familiar with the negotiations. The settlements could be announced as soon ...