Business Topics

| Aug 14, 2014

Dollar can't hold on to gains in Tokyo

The dollar slashed its gains against the yen in Tokyo late Thursday after rising above ¥102.50 on real demand-backed dollar purchases and higher Japanese stock prices. At 5 p.m., the dollar was quoted at ¥102.47-47, almost the same as ¥102.45-46 at the same time ...

| Aug 14, 2014

Nikkei climbs past 15,300 mark

Stocks climbed Thursday, with the Nikkei 225 average closing above 15,300 thanks to the yen’s depreciation, but their topside was heavy in quiet trading. The Nikkei ended 100.94 points higher at 15,314.57. The Topix rose 8.37 points to close at 1,270.50. Both were up ...

| Aug 13, 2014

Greenback rises to near ¥102.50

The dollar inched up to levels just below ¥102.50 in Tokyo late Wednesday after being stuck around ¥102.30 for most of the day. At 5 p.m., the dollar was quoted at ¥102.45-46, up from ¥102.27-28 at the same time on Tuesday. The euro stood ...

| Aug 12, 2014

Greenback firmer around ¥102.30

The dollar was firmer around ¥102.30 in Tokyo on Tuesday, supported by higher stock prices and purchases by Japanese importers. At 5 p.m., the U.S. currency was quoted at ¥102.27-28, up from ¥102.09-10 at the same time on Monday. The euro stood at $1.3367-3367, ...

| Aug 11, 2014

Dollar rises above ¥102 in Tokyo

The dollar rose above ¥102 in Tokyo, drawing strength from higher stock prices in and outside Japan that reflected an easing of risk aversion. At 5 p.m., the dollar was quoted at ¥102.09-10, up from ¥101.69-70 at the same time Friday. The euro stood ...

Aug 11, 2014

Japanese stocks rebound sharply on buybacks

Stocks bounced back sharply Monday, with the Nikkei 225 average retaking 15,100 at the close on the back of massive buybacks after a tumble Friday. The Nikkei ended up 352.15 points, or 2.38 percent, at 15,130.52. The Topix climbed 24.25 points, or 1.97 percent, ...

| Aug 8, 2014

Dollar dives on geopolitical woes

The dollar tumbled below ¥102 in Tokyo trading on Friday, amid geopolitical concerns fueled by U.S. President Barack Obama’s decision to approve targeted airstrikes in Iraq. At 5 p.m., the dollar stood at ¥101.69-70, down from ¥102.24-33 at the same time Thursday. The euro ...

Aug 8, 2014

Shame index dumps Sony for Panasonic in first revamp

Sony Corp., which has posted losses in five of the past six years, was rejected in the first reshuffle of Japan’s profit-oriented stock index while Panasonic Corp. made the cut. The government-backed JPX-Nikkei Index 400 added 30 other companies, including Mazda Motor Corp., Daiwa ...