Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking industry sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking sector sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Toyota Motor Corp plans to develop a new low-price hybrid car aimed at undercutting rival Honda Motor Co's Insight, the Nikkei business daily reported on Friday.
Japan's Nikkei average leapt 5 percent and led Asian stocks higher on Friday, propelled by growing investor confidence that large U.S. banks will survive without government takeovers and may even profit.
A 5 percent surge in Japan's Nikkei average led a charge in Asian stocks on Friday, propelled by increasing confidence in the financial sector stemming from hopes that large U.S. banks will survive without a government takeover and may even profit.
HONG KONG - Asian stocks rose on Friday, with Japan's Nikkei up 4 percent, helped by a smaller-than-expected decline in U.S. retail sales and hopes that the largest U.S. banks will survive without a government takeover.
Asian stocks rose for a fourth day on Friday, with Japan's Nikkei up 4 percent, helped by a smaller-than-expected decline in U.S. retail sales and hopes that the largest U.S. banks will survive without a government takeover.
Japanese shares fell more than 2 percent on Thursday and other Asian markets were on the defensive as confidence in a rally this week proved fleeting in light of a shaky global economy and financial system.
Shares of Japan's Toshiba Corp gained 9.5 percent after a newspaper reported it would likely see an operating profit of about $1 billion next business year, in sharp contrast with analyst estimates for a loss.
Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.
Asian shares outside Japan posted their best gains in a month on Tuesday while safe-haven flight to the dollar eased, but the moves were seen as only a momentary reprieve from a gloomy economic outlook.
Asian shares rebounded on Tuesday from a three-session losing streak, while the safe-haven bid on the dollar retreated in moves seen as a momentary reprieve from concerns about the weak outlook for the global economy.
Japan's Nikkei average struck a 26-year low on Monday and other Asian markets slipped on worries about the fate of General Motors and U.S. banks, while the yen edged up in a slight reversal of its broad slide.
European Union finance ministers are set to back a call from the International Monetary Fund to double its funds to $500 billion to fight the global financial crisis, a document showed on Monday.
Japan swung to its first current account deficit in 13 years in January as exports collapsed, and a key U.S. policymaker said a coordinated global effort was needed to boost demand and drag the world out of recession.
Citigroup plans to sell its 26 percent stake in Japanese online broker Monex Group Inc as part of the struggling U.S. bank's efforts to raise cash, the Yomiuri newspaper reported on Friday.
Citigroup plans to sell its 26 percent stake in Japanese online broker Monex Group Inc as part of the struggling U.S. bank's efforts to raise cash, the Yomiuri newspaper reported on Friday.
Japan's broad TOPIX stock index slid to a 25-year low on Friday after a warning from General Motors about possible bankruptcy slammed Wall Street, but hopes for more stimulus spending in China limited losses in most Asian markets.
Asia stocks slid on Friday after a warning from General Motors' that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major U.S. companies and banks.
Asia stocks slid on Friday after a warning from General Motors' that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major U.S. companies and banks.
Asian stocks extended gains on Thursday on hopes that a revival in China will support the weak global economy, while the euro fell on expectations the European Central Bank will cut rates to an all-time low later in the day.
