Dollar flirts with 2007 peak vs yen The dollar hovered at eight-year highs against the yen early on Thursday, having stopped short of breaking above its 2007 peak as it consolidated recent gains against the euro and other peers.
UPDATE 2-Japan April retail sales rebound, ease pressure on BOJ TOKYO, May 28- Japan's retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank's case that consumer spending is reviving to underpin a steady economic recovery. The data adds to signs of improvement in consumer confidence and eases pressure on the Bank of Japan to expand its massive stimulus...
GLOBAL MARKETS-Asian shares up on Greek rescue hopes, dollar shines *Vague hopes of deal for Greece underpin shares. *Investors still cautious amid uncertainty on Greece. TOKYO, May 28- Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the U.S.
| By: Hideyuki Sano
Are Japanese finally spending? Retail sales pick up Japan's retail sales rose 5.0 percent in the year to April, the first increase in four months, data showed on Thursday - bolstering the central bank's view that consumer spending is slowly picking up to underpin a steady economic recovery.
Does this dollar rally have legs? The dollar looks to be back on top against the euro and the yen, and analysts say the party may last for the rest of the year.
| By: Mia Tahara-Stubbs
Charter-Time Warner Cable deal could spawn an online video service NEW YORK, May 27- Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. Internet and cable company after Comcast Corp. Charter's top shareholder John Malone, a cable industry pioneer, is on...
| By: Malathi Nayak
With "attitude shift", Takata moves from denial to compromise in air bag crisis BEIJING, May 28- Japan's Takata Corp, which for months resisted U.S. regulators' demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to compromise to try to resolve the ballooning auto safety crisis, said a person close to the company. "'There's no use or gain in fighting the regulators' is how one Takata management...
| By: Norihiko Shirouzu