JGBs little changed after paring losses on decent 20-year sale TOKYO, May 26- Japanese government bond prices stood little changed on Tuesday after paring earlier losses on decent results from a 20- year debt auction. Japan's public pension funds have been moving away from government bonds and into stocks and foreign assets in search of higher returns. Yet heavy buying of JGBs by the Bank of Japan conducting its...
FOREX-Dollar at 1-month highs, awaits U.S. data for policy cues *Euro stuck below $1.1000, Greek concerns persist. SYDNEY/ TOKYO, May 26- The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates. Yellen made it clear that the Fed will hike rates and under such conditions the...
| By: Ian Chua and Shinichi Saoshiro
Nikkei's winning streak runs into profit-taking *Tomy falls after Marunouchi Capital sells entire stake. *Kyushu Electric rises after nuclear reactor restart announcement. TOKYO, May 26- Japan's Nikkei share average edged down on Tuesday morning, snapping a seven-day winning streak as investors took profits after the recent gains made on optimism over the economy's recovery and higher shareholder...
| By: Ayai Tomisawa
Dollar stays bid in holiday lull, awaits US data The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates.
DIARY- Top Economic Events to June 5 TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...
FOREX-Dollar stays bid in holiday lull, awaits U.S. data *Euro stuck below $1.1000, Greek concerns persist. SYDNEY, May 26- The dollar held near one-month highs against a basket of major currencies early on Tuesday, having remained bid in a session made sluggish by public holidays in the United States and Britain. The dollar index last traded at 96.381, not far from a high of 96.475 set late in the Asian session on Monday,...
| By: Ian Chua
Why the Nikkei rally will carry on Japanese stocks seem to be on an irresistible rally, hitting fresh fifteen-year highs for seven straight days, and cheap valuations are expected to propel them to greater heights, analysts say.
| By: Mia Tahara-Stubbs
UPDATE 4-Charter Communications nears $55 bln deal for Time Warner Cable - sources May 25- Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a...
| By: Liana B. Baker and Greg Roumeliotis
'Tomorrowland' takes top spot at box office on slow weekend Disney's expensive fantasy adventure essentially had Memorial Day weekend to itself, and still only pulled in a modest $41.7 million in its first four days in theaters according to Rentrak estimates on Monday. Disney put their full weight behind the Brad Bird- directed film with an ambitious George Clooney- led promotional campaign. Rentrak's Senior Media...
Source: The Associated Press
| By: By LINDSEY BAHR, AP Film Writer