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October 6, 2008 12:49:39 PM CDT

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Stories related to: Asian markets

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Stories 21 - 40 of 44

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  • January 2008

    • Infosys Profits Up 26% This Quarter

      Associated Press  |  Jan 11, 08 2:21 PM CST

      Infosys Profits Up 26% This Quarter

      (Newser) - Infosys saw its profit go up 25.6% int the October to December quarter, the Indian company said Friday. It credited tax refunds and new outsourcing jobs: the company added 47 clients, including an unnamed European bank and a global brokerage firm, reports AP. Infosys raised its 2007 revenue forecast slightly, but not enough to match investors’ expectations, and its shares dropped by 1.3%. More »

      Tags

      India  • software  • Asian markets  • outsourcing  • Infosys

  • November 2007

    • Stocks Tumble Across Asia

      Financial Times (UK)  |  Nov 8, 07 6:13 AM CST

      Stocks Tumble Across Asia

      (Newser) - Stocks in Asia dove today as investors fretted over Wall Street's losses and unloaded local property stocks, reports the Financial Times . The Hang Sang dropped 3.19%, or almost 950 points, making a slight recovery at the end of the day from a 4% loss. The Nikkei fell for a fifth straight day, this time by 2.3%. Even China, which often avoids the volatile swings elsewhere in Asia, saw stocks drop by 5%. More »

      Tags

      Asian markets  • exports

    • Asian Markets Dive on US Fears

      Bloomberg  |  Nov 2, 07 5:44 AM CDT

      Asian Markets Dive on US Fears

      (Newser) - Stocks plummeted across Asia today, sustaining the biggest losses in more than two months after concerns that Citigroup might be short of cash rattled investors. Mitsubishi UFJ, the largest bank in Japan, dropped 6% as the Nikkei fell to 16,517.48, a 2.1% fall. Financial shares led the declines as Asian banks worry that subprime woes will continue to undermine earnings. More »

      Tags

      Asian markets  • Hong Kong

  • October 2007

    • Bear Stearns, China's Citic Trade $1B Stakes

      Bloomberg  |  Oct 22, 07 9:02 AM CDT

      Bear Stearns, China's Citic Trade $1B Stakes

      (Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed  to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market, and launching a Hong Kong-based joint venture to reach markets outside China, Bloomberg reports. More »

      Tags

      China  • subprime mortgages  • mergers and acquisitions  • Bear Stearns  • Asian markets  • Citic Securities Co.

  • September 2007

    • Wall Street Hunts for Its Next Bubble

      Wall Street Journal  |  Sep 20, 07 12:48 PM CDT

      Wall Street Hunts for Its Next Bubble

      (Newser) - With the Fed’s rate cut in place, Wall Street has visions of another bubble—this time in emerging markets. The Dow skyrocketed 2.5% on news of the cut, but even that was dwarfed by 4.2% gains in the Bombay Sensex and 4.3% in Brazil’s Bovespa. Fast-growing economies could benefit most, the Journal explains, from easy-flowing cash. More »

      Tags

      stock market  • Federal Reserve  • Dow Jones  • markets  • Asian markets  • emerging markets

    • Record Low: Euro hits $1.40

      Bloomberg  |  Sep 20, 07 7:07 AM CDT

      Record Low: Euro hits $1.40

      (Newser) - The dollar dropped to a record low against the euro in early Asian trading on Thursday, breaking the $1.40 barrier for the first time since the establishment of the common currency. The Fed's half-point cut in interest rates led investors to drop the greenback, and chief Ben Bernanke's upcoming testimony before Congress might spell further trouble. More »

      Tags

      Federal Reserve  • Ben Bernanke  • US dollar  • Asian markets  • euro  • currency

    • Asia Stocks Surge After Fed Cut

      Bloomberg  |  Sep 19, 07 5:00 AM CDT

      Asia Stocks Surge After Fed Cut

      (Newser) - Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led the gains, reports Bloomberg. More »

      Tags

      Federal Reserve  • recession  • stocks  • markets  • Asian markets  • interest rate cut  • Japanese economy

    • Asian Markets in Sharp Slide

      Bloomberg  |  Sep 18, 07 6:02 AM CDT

      Asian Markets in Sharp Slide

      (Newser) - Asian stocks fell yet again today as the subprime mortgage crisis continued to reverberate across global markets. The latest dip came when E*Trade Financial Corp and Bank of America announced the credit crisis was hurting earnings, Bloomberg reports. The biggest fear is that the rising cost of credit will halt consumer spending and trigger a global slowdown. More »

      Tags

      stock market  • subprime mortgages  • stocks  • Asian markets  • Nikkei

    • Investors Might Reap Rewards of Dollar's Slide

      BusinessWeek  |  Sep 15, 07 5:58 PM CDT

      Investors Might Reap Rewards of Dollar's Slide

      (Newser) - The dollar may be continuing its slow, steady decline against the euro, but many analysts are looking on the bright side, Business Week reports. American stocks, companies, investors, and workers can all benefit from the decreasing value of their currency, economists say, with one calling the dollar’s decline “something to cheer about.” More »

      Tags

      Federal Reserve  • US economy  • subprime mortgages  • credit crisis  • US dollar  • interest rate  • Asian markets  • euro  • European markets

    • Nikkei Falls After Abe Steps Down

      Bloomberg  |  Sep 12, 07 7:21 AM CDT

      Nikkei Falls After Abe Steps Down

      (Newser) - A jump in the price of copper boosted mining and energy stocks in Asia, but Japan's Nikkei index fell nonetheless after news hit of PM Shinzo Abe's resignation. Some investors say the change will be good for Japanese markets in the longer term, however. "Abe was an ineffective prime minister who didn't do anything of value for investors," says a Singapore-based strategist. More »

      Tags

      Japan  • stocks  • Asian markets  • Nikkei  • Shinzo Abe

    • Oil, Steel Fuel Surge in Asian Markets

      Bloomberg  |  Sep 11, 07 4:14 AM CDT

      Oil, Steel Fuel Surge in Asian Markets

      (Newser) - Crude climbed within 50 cents of a record today, and that meant Asian stock indexes were climbing as well with the Nikkei rising 0.3% and the Asia-Pacific index up 0.1% after big losses Friday. Steel joined oil as a big mover when South Korean producers announced a price increase. Those prices, coupled with demand from China, are outweighing fears about a US slowdown. More »

      Tags

      China  • Japan  • South Korea  • crude oil  • Asian markets  • Asian stocks  • steel  • Nikkei 225 Stock Average

    • Foreclosures Trigger Asian Drop

      Bloomberg  |  Sep 7, 07 4:07 AM CDT

      Foreclosures Trigger Asian Drop

      (Newser) - Asian stocks are falling again, reflecting worry the growing credit crisis in the US will puncture the economy and slash consumer spending. Mizuho Financial Group, Japan's second largest lender, dropped to a two-week low after an increase in home foreclosures in the US —and many other Asian financial stocks and indices dipped, reports Bloomberg. More »

      Tags

      subprime mortgages  • Japan  • Asian markets  • Nikkei  • Samsung  • Japanese economy  • Asian stocks  • PetroChina  • BHP Billiton Ltd.

    • Asian Markets Stumble on Political News

      Reuters  |  Sep 4, 07 6:46 AM CDT

      Asian Markets Stumble on Political News

      (Newser) - In the wake of the Japanese agriculture minister's resignation, Asian markets stumbled today ahead of uncertain US economic data. For a change, analysts didn't point to the subprime crisis to account for the Nikkei's 0.5% slide: "After all, investors have got used to news on subprime issues," one equities trader told Reuters. More »

      Tags

      US economy  • Japan  • stocks  • Asian markets  • Nikkei

  • August 2007

    • World Markets Rise Before Bush Speech

      Bloomberg  |  Aug 31, 07 7:34 AM CDT

      World Markets Rise Before Bush Speech

      (Newser) - European and Asian markets rose today, in anticipation of a plan President Bush is expected to announce to bail out subprime lenders. Bush is expected to allow the FHA to guarantee loans for delinquent borrowers, allowing them to avoid foreclosure. "The news on Bush is going to be positive. It will hopefully help keep consumer confidence intact," says a London asset manager. More »