Nikkei rebounds on some positive earnings but Fast Retailing sinks TOKYO, Aug 5- Japan's Nikkei share average posted modest gains on Wednesday as stronger earnings buoyed construction firms and real estate developers, but Toyota Motor and other cyclical shares buckled under concerns about slower global growth. Construction firms were helped by earnings from Kajima Corp, which rose more than 6 percent to a nine-year high...
FOREX-Dollar extends gains after Fed official supports Sept rate hike TOKYO, Aug 5- The dollar extended gains against the yen and euro on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September. Lockhart, a voter this year on the Federal Open Market Committee, told the Wall Street Journal that it would take "significant deterioration" in the U.S. economy for him to...
| By: Shinichi Saoshiro
Dell sees light at end of PC tunnel The PC's fall from popularity helped drive a hard-hit Dell to take itself private, but the computer maker now sees some signs its business there is turning around.
| By: Leslie Shaffer
PRECIOUS-Gold struggles near multi-year low as Fed comments buoy dollar MANILA, Aug 5- Gold slipped toward a 5-1/ 2- year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the U.S. central bank would hike interest rates as early as next month. Atlanta Federal Reserve President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him...
METALS-London copper sags on stronger dollar, weak China outlook MELBOURNE, Aug 5- London copper slipped back on Wednesday towards six-year lows as the dollar rose on heightened expectations the U.S. Federal Reserve could raise interest rates in September and amid a bearish backdrop for China demand. "Sentiment here among Chinese investors is quite bearish at the moment, it's hard to see any sustainable rebound from here,"...
Gold stuck near multi-year low, Fed hike likely Gold slipped toward a 5-1/2-year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the U.S. central bank would hike interest rates as early as next month.