Search results for "ASIA"



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UPDATE 1-Japan Fin Min says will take necessary steps to deal with FX volatility

*Rising yen, falling stocks undermines Japan's economy. TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday the government would take necessary steps to deal with currency volatility, the minister's strongest hint of intervention since the yen began its surge this month. The dollar fell below 111 yen on Thursday to hit its lowest level since October...
Source: Reuters | By: Stanley White
RPT-COLUMN-Facing new crisis, can aluminum industry learn from past crisis? Andy Home

LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...
Source: Reuters | By: Andy Home
GLOBAL MARKETS-Asian shares slide as bank fears add to global gloom

*Yen at 15- month high despite Japan's verbal intervention. TOKYO, Feb 12- Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Shares in Australia and South Korea fell about 0.5 percent...
Source: Reuters | By: Hideyuki Sano
FOREX-Dollar on track for steep weekly loss

*Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...
Source: Reuters | By: Lisa Twaronite
Japan wants to mull global response at G20 amid market turmoil -Aso

TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday he hopes the Group of 20 finance leaders gathering in Shanghai later this month will consider a global policy response in the wake of the recent market turmoil. "I want to consider if there are ways that the G20 countries can cooperate in response to recent market turmoil," Aso told reporters at a...
Source: Reuters
UPDATE 2-AIG strikes deal with Icahn, avoids proxy fight

*Nominates Samuel Merksamer, John Paulson to board. Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. Sandler O'Neill& Partners LP analyst Paul Newsome said the deal...
Source: Reuters | By: Sudarshan Varadhan
Asia shares fall, Nikkei tumbles more than 4%

Markets in Asia dropped on Friday, with the Nikkei tumbling, after a sell-off on Wall Street as oil remained volatile and concerns about how central banks' easing measures will affect banks' earnings persisted.
Source: | By: Saheli Roy Choudhury
Japan govt official says recent yen moves "rough"

TOKYO, Feb 12- A Japanese government official said on Friday that recent exchange-rate moves have been "rough," but declined to comment on whether Tokyo would directly intervene in the market to arrest sharp yen rises against the dollar. "Recent exchange-rate moves have been rough. The dollar fell below 110 yen on Thursday to hit its lowest level since October 2014,...
Source: Reuters
Tweetwars: the social challenge in Twitter 'capital', Indonesia

*Indonesia has Twitter's top Internet user penetration rate. *Twitter says Indonesia has great potential, still a top mkt. While Twitter doesn't break down country figures, Global Web Index data shows Indonesia remains joint first with Mexico in active users among the 34 countries the UK- based metrics company monitors- and significantly ahead in terms of...
Source: Reuters | By: Jeremy Wagstaff
Malaysia's Felda to re-attempt Indonesian deal with unlisted unit -sources

*Earlier Felda plan to buy $680 mln stake was heavily criticised. JAKARTA/ KUALA LUMPUR, Feb 12- Malaysian state-owned conglomerate Felda will use an unlisted unit to buy into Indonesian tycoon Peter Sondakh's debt-burdened Rajawali Group, sources familiar with the matter said, seeking to avoid heavy investor criticism that scuttled an attempted deal last...
Source: Reuters | By: Eveline Danubrata and Emily Chow