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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: yen

yen stories: 26 news summaries

1 - 20 of 26 Stories | 1 2 Next >>

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 Panasonic Cuts 15,000 Jobs 

Company cuts 15,000 jobs, closes 27 plants as it restructures

Feb 4, 09 6:47 AM CST
(Newser) - A strong yen and softening consumer demand is prompting Panasonic to cut 15,000 jobs, close 27 plants, and restructure as it struggles to withstand burgeoning losses, reports the Wall Street Journal. The electronics company last quarter posted a $707.2 million net loss, and experts expect the downward trend... More »

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layoffs • Sony • yen • Panasonic • Hitachi • Sanyo

Sony's Profit
Off 95% in Q4

Company blames slow economy, strong yen for 25% sales slump across the board

Jan 29, 09 6:46 AM CST
(Newser) - Slumping demand, a strong yen, and increased competition knocked Sony’s third-quarter profits off 95% from a year ago, reports CNN. Sony reported profits of $110 million for the quarter ended Dec. 31, down from $2.2 billion a year ago. Sony’s gaming segment was hit especially hard, with... More »

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earnings reports • Sony • corporate earnings • yen • consumer electronics • Sony Playstation • financial crisis

Sony Swings to First
Annual Loss in 14 Years

Global downturn, strong yen reverse earlier expectations

Jan 22, 09 6:25 AM CST
(Newser) - Sony announced today that it would go down to its first annual loss in 14 years, after having forecast just months ago that it would turn a profit. The Japanese electronics giant said it expected to lose $1.7 billion, the result of declining demand from the global recession. The... More »

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Japan • profits • Sony • exports • yen • consumer electronics • Sony Electronics • recession depression

Mighty Toyota Posts Its
First Loss Ever

Even Prius can't overcome flagging demand, soaring yen

Dec 22, 08 6:08 AM CST
(Newser) - Toyota will post a loss for the first time in its history, the victim of plummeting sales and multi-year highs in the value of the yen, the company warned today. The Japanese automaker, which has enjoyed a reputation for profits even in bad times, announced that it would suspend executive... More »

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Japan • Toyota • yen • Prius • auto industry • Japanese auto industry




 Sony Slashes 8,000 Jobs 


Dec 9, 08 6:25 AM CST
(AP) - Sony is slashing 8,000 jobs, or 4%of its global work force, aiming to cut costs by $1.1 billion a year as a global downturn and stronger yen batters profits at the Japanese electronics maker. Sony, which has 185,000 employees worldwide, said today it will complete the layoffs... More »

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Japan • layoffs • Sony • unemployment • yen • job cuts • financial crisis

 Rate Cut Sparks 
 Global Market Rally 

Investors pour back into markets looking for bargains with cheap money

Oct 30, 08 6:42 AM CDT
(Newser) - World markets rode the back of yesterday’s Fed rate cut to huge gains as investors began looking for bargains and flooded the exchanges with cash, reports the Guardian. Hong Kong was up 12.8%, Seoul rose 11.95%, and Tokyo saw a jump of 9.6%, its fourth largest... More »

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yen • Asian markets • US dollar • European stocks • financial crisis

Sony Profits Plunge 72% on Strong Yen, Slow Exports

Japanese Electronics maker sees profits tumble 72% for quarter

Oct 29, 08 8:27 AM CDT
(Newser) - A strengthening yen and declining demand—especially from the US—for consumer electronics provided a one-two punch that knocked Sony profits down 72% for the third quarter, reports the New York Times. Sony shares slid to a 16-year low on Monday, and are down 67% for the year. More »

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earnings reports • Sony • yen • Canon • consumer electronics • financial crisis

As Investors Seek Cover, Central Banks Slash Rates

Seeking to loosen credit, central banks plan another round of cuts

Oct 28, 08 10:30 AM CDT
(Newser) - Central banks worldwide are slashing interest rates, attempting to stem the bleeding in financial markets as investors dump holdings, credit remains tight, and currencies spasm in value, the Washington Post reports. The Federal Reserve is set to cut rates for the second time in as many weeks tomorrow, while the... More »

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currency exchange • financial markets • yen • credit crisis • economic stimulus package • interest rate cut • financial crisis • financial meltdown

 World Markets
 Tumble, Dollar
 Hits New Low 

Euro hits $1.60 as banks lead declines

Jul 15, 08 7:32 AM CDT
(Newser) - World stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market... More »

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financial markets • pound • euro • yen • Asian markets • European markets • US dollar • weak dollar • financial crisis

 Dollar Soars to Biggest
 Weekly Gain in 3 Years 

Greenback posts record advances ahead of G8 meeting

Jun 13, 08 5:21 AM CDT
(Newser) - The dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's... More »

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G8 summit • euro • yen • US dollar • Christine Lagarde

 Japanese Melon Sells for $6K 

Black delicacy is the first of the season

Jun 6, 08 10:05 AM CDT
(Newser) - A rare black watermelon, one of 65 from Japan's first harvest of the year, sold for more than $6,000 at auction today, the AP reports. The Densuke melon has the distinction of being the most expensive of its kind in Japan, and probably the world, though the Guinness World... More »

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Japan • auction • yen • watermelon

Earnings report

 US Woes Drive
 Toyota Profits
 Down 28% 

World's No. 2 automaker sees tough year ahead

May 8, 08 7:15 AM CDT
(Newser) - Even Toyota—with its array of popular gas-sipping vehicles—is struggling in a slumping global economy, according to the latest figures. The world’s No. 2 automaker today reported that earnings for the last quarter fell 28% to $3.05 billion from $4.2 billion a year ago, reports the... More »

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Toyota • automaker • corporate earnings • yen • auto industry • auto sales • economy

 Dollar Rallies at Last 

Greenback posts biggest advance since March as eurozone sputters

Apr 25, 08 6:46 AM CDT
(Newser) - The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen,... More »

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Federal Reserve • euro • yen • European Central Bank • ECB • US dollar

MARKETS

 Asian Markets Surge
 As Dollar Comes Back 

Greenback back above 100 yen; best day in a month in Tokyo

Mar 19, 08 3:53 AM CDT
(Newser) - Stocks in Asia had their best day in a month as investors reacted to the Fed's 75-point rate cut and a top Chinese company announced higher-than-expected earnings. The Nikkei climbed 2.5%, with financial stocks leading gains, reports Bloomberg. Companies with substantial business in America also did well—Canon jumped... More »

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Tokyo • Nikkei • yen • Asian markets • US dollar

MARKETS

 Stocks Bounce, End Mixed 

Stocks are up... no down... what's going on?!

Mar 17, 08 3:50 PM CDT
(Newser) - Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down... More »

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stock market • Bear Stearns • euro • yen • US dollar • JPMorgan Chase

UPDATED

 Dollar Nosedives,
 Global Markets Tumble 

Greenback falls to record lows after Bear buyout, rate cut

Mar 17, 08 3:55 AM CDT
(Newser) - The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below... More »

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Bear Stearns • euro • Nikkei • Hang Seng • yen • Asian markets • US dollar • Swiss franc • JPMorgan Chase

Dollar Makes Comeback as Banks Predict Intervention

Greenback back above 100 yen, gains on euro

Mar 14, 08 8:17 AM CDT
(Newser) - The dollar made a recovery today after yesterday's disastrous fall, pulling back above 100 yen and gaining against the euro and the pound. The greenback's advance comes as securities firms speculated that the Fed and other central banks will collaborate to safeguard the dollar for the first time in 13... More »

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Ben Bernanke • Federal Reserve • euro • yen • US dollar • Swiss franc

 Dollar Sinks Below 100 Yen 

Stocks tumble as dollar hits 12-year low

Mar 13, 08 5:10 AM CDT
(Newser) - The dollar's decline continued today, dropping below the symbolically dramatic threshhold of 100 yen for the first time in 12 years. The greenback held on just above ¥100 during the trading day in Tokyo before slumping to ¥99.80 in Europe this morning. The dollar took a pummeling... More »

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Japan • Tokyo • Nikkei • yen • US dollar

Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

Mar 3, 08 5:42 AM CST
(Newser) - The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the... More »

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stocks • currency exchange • yen • US dollar • subprime crisis • European stocks

Dollar's Slide Pushing Oil Prices Higher

Economic data hammers the greenback as worries about US economy deepen

Feb 29, 08 7:21 AM CST
(Newser) - The dollar continued its fall as unrelentingly dismal economic data eroded confidence in the US economy, Bloomberg reports. The greenback set a new low of $1.52 against the euro this morning and hit a three-year bottom against the Japanese yen. Oil surged more than $2 a barrel to $103.... More »

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oil • recession • US economy • euro • yen • gas prices • crude oil • US dollar

1 - 20 of 26 Stories | 1 2 Next >>


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