Asia
Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene The yen strengthened to a 14-year
high against the dollar, climbing past 85 to the greenback and
prompting speculation Japan will intervene in markets to
preserve the nation’s export-led economic recovery.
Asian Stocks Fall on Dubai Debt Concern, Yen Strength; Obayashi, BHP Slump Asian stocks slumped, dragging the
MSCI Asia Pacific Index down the most in eight months, on
concern over losses stemming from Dubai’s attempt to reschedule
its debt and as the yen strengthened against the dollar.
Fujii Says Japan May Contact U.S., Europe After Yen's Jump to 14-Year High Japanese Finance Minister Hirohisa
Fujii said he may contact U.S. and European officials to act on
currencies, amid concern the yen’s surge to a 14-year high will
hamper the economic recovery.
India Studying Effect of Dubai's Debt Delay Plan on $1.2 Trillion Economy India, the world’s top recipient of
migrant remittances, is examining the effect Dubai’s attempt to
delay debt repayments may have on Asia’s third-largest economy,
central bank Governor Duvvuri Subbarao said.
Japan's Unemployment Rate Unexpectedly Falls to 5.1% as Economy Recovers Japan’s unemployment rate in October
unexpectedly fell for a third month, a sign that the worst may
be over for the labor market.
Lenovo Buys Back Handset Unit for $200 Million, Double Price of 2008 Sale Lenovo Group Ltd., China’s biggest
personal-computer maker, said it will buy back a mobile-phone
unit at double the price it sold the subsidiary for last year.
Sparx Plans to Raise $230 Million for Japan-Focused Green Technology Fund Sparx Group Co., Asia’s biggest
hedge-fund company, plans to raise 20 billion yen ($230 million)
for a fund aimed at investing in Japanese environmental
technology firms as mandates to cut carbon emissions spur demand.
New Zealand Posts Smallest Trade Deficit in Seven Years as Imports Slump New Zealand posted its smallest
annual trade deficit in almost seven years in October as
imports slumped, outpacing a decline in exports.
Leighton, Kajima, Obayashi Fall on Concern Dubai World May Lead to Losses Construction stocks in the Asia-
Pacific region fell, led by Leighton Holdings Ltd., Kajima Corp.
and Obayashi Corp., on concern Dubai World’s proposal to delay
debt payments may lead to losses and project cancellations.
Templeton's Mobius Says Vietnam Dong, Stocks to Decline on `Surge of Fear' Vietnam’s dong may decline a further
10 percent on the black market as this week’s devaluation erodes
confidence in the currency, sending the nation’s stocks to the
biggest correction in Asia, Mark Mobius said.
South Korea's President Ready to Meet North's Kim Jong-il, Yonhap Reports South Korean President Lee Myung-bak
said today that he’s ready to meet North Korean leader Kim Jong-
il “anytime and anywhere,” if it will help convince the North
to give up its nuclear programs, Yonhap News Agency reported.
Philippines Mayor Faces Seven Murder Charges Over Massacre of 57 Opponents Philippine prosecutors will charge a
mayor with seven counts of murder for the massacre of 57 people
in the nation’s worst act of election-related violence, killings
that ignited debate over politicians’ private militias.
Rudd Echoes Obama in Push for Senate Climate Deal Before Copenhagen Summit Australian leader Kevin Rudd is
struggling to force through legislation aimed at reducing carbon
emissions, as he flies to Washington for talks with President
Barack Obama on global warming.
SYMBOL LOOKUP
HOME
