Asia Markets News Asia Markets News Rss feed

  • Australian dollar drops below parity with US dollar mainly due to US positive gains

    The Australian dollar fell below parity with the US dollar and stayed down during the whole week, which is widely attributed to positive indicators in the US economy.On Friday, the Australian dollar took another step lower, falling as low as 97.33 US cents, a level not seen since June 2012.The Australian dollar tumbled to 98.3 cents late on Thursday, breaking through its 11-month low of 98.5 ...

  • Asian Markets Weekly Update Broad Gains in Asia While Nikkei Breaches 15000 Mark

    Nikkei breached the psychologically important 15,000 mark and closed the week's trade with a 2.5% gain, at 15,138.1. A tumbling yen that hit a 4-1/2 year low at the beginning of the week boosted Japanese stocks, which shot up to a 5-1/2 year high mid-week as exporters' stocks rallied on the back of a weakening yen. Other Asian stocks opened lower but posted gains towards the close of ...

  • China stock index futures end sharply higher

    China's stock index futures closed sharply higher on Friday, with the contract for May 2013, the most actively traded, up 1.46 percent from the previous trading day to 2,576.6 points.The June 2013 contract jumped 2.16 percent to 2,572.6 points. The September 2013 contract rose 2.15 percent to 2,581.4 points, while the December 2013 contract went up 2.21 percent to 2,602.8 points.The ...

  • Sanyo may cease to exist under Panasonic reorganization Nikkei

    (Reuters) - Sanyo Electric Co may cease to exist under a reorganization by Panasonic Corp that includes global jobs cuts, Nikkei reported on Friday.Panasonic will cut 90 percent of Sanyo's global workforce of about 2,500 in around three years, the daily reported.About 1,000 workers at Sanyo's headquarters will be reduced to around 100 this fiscal year, leaving just a skeleton crew for ...

  • Sony to name Chugai Pharmas CEO as chairman Nikkei

    Chief Executive Osamu Nagayama as chairman, the Nikkei reported.Nagayama's appointment will be finalized on June 20 at a board meeting to be held immediately after a shareholders' meeting, the business daily said.Outgoing chairman Howard Stringer, who served as Sony's CEO between 2005 and 2012, will retire in June, the Japanese paper said. (Reporting by Aditi Shrivastava in ...

Movie Review

Alien Nation [DVD]

Alien Nation [DVD]

Alien Nation takes a fascinating sci-fi idea and squanders it on a routine police procedural that is less complex and engaging than a typical one-hour TV show. ...

On Facebook

  • Police say Corbin man tried to hire killer on Topix

    A Corbin man used the web site Topix to solicit a killer, Kentucky State Police have charged.Detective Richie Baxter arrested Tristan James Hall, 29, on Thursday on a charge of solicitation to commit murder.Hall allegedly posted an item on Topix saying he would pay someone to kill another person. The intended victim saw the post and contacted police, said Trooper First Class Don Trosper, ...

  • Chinas poultry prices bounce back from H7N9

    Prices commanded by poultry products have risen significantly this week, following government subsidies to prop up the sector as it struggles in the wake of the H7N9 bird flu virus, the Ministry of Agriculture (MOA) announced on Friday.The price per kilo of dressed chicken hit 13.51 yuan (2.18 US dollars) on May 15, up from an annual low of 12.97 yuan on May 12, but the figure was still 4.2 ...

  • PRECIOUS-Gold falls as Fed comments lift dollar

    LONDON, May 17 (Reuters) - Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon rein in monetary easing lifted the ...

  • Asian Stocks Broadly Higher Despite Weak US Data

    economy and uncertainty over the prospects of the Fed winding down its bond-buying program. Trading volumes, however, remained thin due to holidays in Hong Kong and Seoul. The dollar held firm near a 10-month against the other major currencies, keeping commodity prices in check. China's Shanghai Composite index rallied 1.4 percent as property developers gained ground ahead of April home ...

  • Philippine bourse tumbles on profit-taking

    The Philippine stock market extended its losses on Friday on profit-taking.The bellwether Philippine Stock Exchange index lost 0.42 percent or 31.07 points to 7,279.87, while the broader all-share index slipped 0.36 percent or 16.26 points to 4,496.21.Trading volume reached 1.9 billion shares worth 13.41 billion pesos (325.68 million US dollars) with 101 stocks declining and 65 advancing, and 44 ...

More Asia Markets News