Japan stocks weaken as investors weigh chances of stagflation in United States. MOREINFO: Stock investors wade back into market after several days of losses. The dollar was among the star performers of the day, nearing 7-week highs against the euro on expectations the U.S. Federal Reserve may ease back on interest rate cuts due to rising inflation concerns. SCRIPT: Inflation worries put a damper on stocks on Tuesday, although investors began to wade back into the market after several days of weakness. Earlier indications of rising U.S. inflation combined with a slowing economy had ignited fears of stagflation. Japan's Nikkei closed 0.3 percent lower (15,208), it's fifth straight day of losses. Exporters such as Matshushita were badly hit as investors worried U.S. consumers would take to the sidelines due to a slowing economy. Financial stocks took a bruising early in the day but recovered in late trade with global bank HSBC rebounding in Hong Kong. Korean stocks...
Barack Obama's historic win saw pharmaceuticals and oil dragging down markets from an earlier spike. Markets believe a Democrat win is bad for pharmaceuticals ever since former president Bill...
Police and tax officials are warning about a letter and e-mail fraud scheme that attempts to pry confidential banking information and passport numbers from Canadians. - The scam is designed to...
New Delhi, November 18 (ANI): India's finance minister Palaniappan Chidambaram said on Tuesday said that government will take steps to stimulate the economy to offset the impact of the global...
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and...
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily...
A smaller increase in the price of gasoline meant Canada's annual inflation rate slid to 1.4 per cent in March - the lowest growth rate since January 2007, Statistics Canada said Thursday....
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 )...
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