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Asian shares lower, Tokyo hurt by rising yen

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A man walks past an electric stock price indicator in Tokyo, Wednesday, Jan. 16, 2013. Asian shares mostly fell Wednesday on profit-taking after recent gains, with Tokyo suffering heavy losses as the yen rebounded strongly following weeks of steep declines. AP/SHIZUO KAMBAYASHI

Asian shares mostly fell Wednesday on profit-taking after recent gains, with Tokyo suffering heavy losses as the yen rebounded strongly following weeks of steep declines.

Posted: January 16th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Asian stocks mixed, Tokyo hits 32-month high

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A man walks by a screen showing the foreign currency exchange rates in downtown Seoul, South Korea, Tuesday, Jan. 15, 2013. Most Asian markets surrendered early gains.  AP PHOTO/LEE JIN-MAN

HONG KONG—Asian shares were mixed Tuesday on a lack of direction from Wall Street, but Tokyo hit a 32-month high on hopes for new central bank easing despite giving up early gains as the yen rebounded.   Some bourses advanced early in the session on reassurances from Fed chief Ben Bernanke that quantitative easing was […]

Posted: January 16th, 2013 in Latest Business Stories | Read More »

Asian markets surge as US averts fiscal cliff

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Filipino traders at Philippine Stock Exchange,  Makati.  AP FILE PHOTO

Asian markets rose sharply on Wednesday after the US Congress backed a deal to avert a “fiscal cliff” of drastic tax rises and spending cuts in an upbeat start to the year for regional markets.

Posted: January 2nd, 2013 in Latest Business Stories,Photos & Videos | Read More »

Asian shares mixed before Fed chief speech

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A man gestures in front of a securities firm's electronic stock board in Tokyo on Aug. 16, 2012. Tokyo fell 0.57 percent, or 52.10 points, to 9,033.29 Thursday, Aug. 28, 2012, as Asian stock markets were mixed as fears about the eurozone and a slowdown in China were offset by hopes the US central bank chief would this week outline steps to boost the world's biggest economy.  AP PHOTO/SHIZUO KAMBAYASHI

Asian shares were mixed Tuesday as fears about the eurozone and a slowdown in China were offset by hopes the US central bank chief would this week outline steps to boost the world’s biggest economy.

Posted: August 28th, 2012 in Latest Business Stories | Read More »

Asia markets slip in muted trade, StanChart rebounds

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asian markets graphic

Asian markets fell Wednesday despite better-than-expected US and European data, while Standard Chartered bank rebounded after settling claims it helped Iranian firms dodge US sanctions.

Posted: August 15th, 2012 in Latest Business Stories | Read More »

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