The S&P completed its biggest weekly gain since at least 1974 and finished higher for a second straight day, the first back-to-back gains in 5 weeks. The 25-session losing streak matched one which occurred in August 2001 in the middle
Dollar Index: To say the least, markets were volatile in October and currencies were no exception. The dollar and the yen were the big beneficiaries of the equity market unwind. The Euro lost about 20% to the yen and over
Tokyo, Oct 31, 2008 - (JCN Newswire) - NTT DOCOMO, INC. today announced its future business direction based on a new action plan, "DOCOMO's Change and Challenge to Achieve New Growth," which covers initiatives to be implemented between the current
Hiroshima, Oct 31, 2008 - (JCN Newswire) - Mazda Motor Corporation will display the Mazda MX-5 (known as the Mazda Roadster in Japan) at the "Japan Car" exhibitions to be held in London and Paris during November 2008. Intended to
Tokyo, Oct 31, 2008 - (JCN Newswire) - Last night, Japan Airlines (JAL) became the CAPA Airline Turnaround of the Year 2008, awarded to the airline in the region whose affairs have most significantly transformed for the better during the
Mizuho Financial Group Inc. said Friday that it has cut its group net profit forecast for April-September by 62.4 pct to 94 billion yen from the 250 billion yen forecast in July, due to growing bad loan disposals and securities
Japan's Oji Paper Co. said Friday that it has revised up its consolidated operating profit forecast for the fiscal year ending in March 2009 thanks to price hikes. ?? The forecast was raised to 50.5 billion yen from 47 billion
Mitsubishi UFJ Financial Group Inc. said Friday it has cut its group net profit estimate for the April-September first half to 100 billion yen from 270 billion yen due to a rise in bad loan disposal costs and stock appraisal
The global financial crisis severely battered major Japanese brokerage houses in the fiscal first half ended in September, driving them to seek ways to beef up earnings. ?? Proprietary trading was hit particularly hard as Nomura Holdings Inc. and Daiwa
Ajinomoto Co. said Friday it expects to report a net loss for April-September as Hong Kong seasoning unit Amoy Food Group is performing poorly. ?? Consolidated net loss is estimated at 4,855 million yen, compared with the year-before profit of
American International Group Inc. said Friday it will postpone the planned merger of Japanese units AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. from Jan. 1 to April 1, 2009, or later. ?? The leading U.S. insurance
Hulic Co. , which provides property rental and insurance agent services, will make its debut on the Tokyo Stock Exchange's first section on Nov. 11. ?? The company will use the proceeds from the initial public offering to purchase properties.
Mitsubishi Corp. said Friday that it has cut its operating and net profit estimates for fiscal 2008 due to falling natural resources prices, the yen's rise and lower stock prices. ?? For the year through next March, the major trader
Nippon Mining Holdings Inc. said Friday it has cut its group net profit estimate for fiscal 2008 to 18 billion yen from 72 billion yen, citing valuation losses on its crude oil inventories due to market price falls.???? The major
Mitsubishi Heavy Industries Ltd. said Friday it has raised its group operating profit forecast for fiscal 2008 to 130 billion yen from 120 billion yen previously estimated, thanks to the strong performance of its prime mover operations. ?? The Japanese
Suzuki Motor Corp. said Friday it now expects year-to-year falls in profits and sales in the year to next March, marking the first such setback in 10 years, due to the yen's upsurge and a slowing global economy. ?? The
A total of 304 listed Japanese nonfinancial firms have recently cut their earnings forecasts for fiscal 2008 to next March, highlighting the negative impact of the yen's upsurge and a slowing global economy, a Jiji Press survey showed Friday. ??
Stocks pulled back sharply on the Tokyo Stock Exchange Friday, as the Bank of Japan's interest rate cut failed to stem waves of profit-taking before a three-day weekend. ?? Snapping its three-day bull run, the 225-issue Nikkei average ended down
Mitsubishi Chemical Holdings Corp. said Friday it has cut its group earnings estimates for the year ending next March, citing falling demand due to the weakening economy. ?? The company now forecasts sales at 3.27 trillion yen, down from the
