Traders bet on cloudy skies for airlines Airline stocks have been hitting some turbulence and now traders are taking bets that at least one airline could see more downside ahead.
| By: Lawrence Lewitinn
Hong Kong shares down on weak global markets, but inflow hopes limit losses HONG KONG, May 27- Hong Kong stocks fell on Wednesday, taking cues from downbeat overseas markets, but losses were limited by expectations that Beijing will guide more money from the mainland to Hong Kong. China's official Securities Times reported on Tuesday that Beijing will soon launch a new pilot scheme, dubbed QDII2, in six cities allowing individuals to...
BOJ earnings up 39 pct in fiscal 2014 due to JGB purchases TOKYO, May 27- The Bank of Japan's earnings rose 39 percent in fiscal 2014 from the previous year due to coupon payments from the massive amount of government debt it is purchasing to reflate the economy. The BOJ had 1 trillion yen in net income in the fiscal year that ended in March, the highest level since fiscal 2013, a statement showed on Wednesday.
RPT-UPDATE 1-BOJ's Iwata says timing for hitting price goal "somewhat delayed" SAPPORO, Japan, May 27- Bank of Japan Deputy Governor Kikuo Iwata said on Wednesday the timing for achieving the bank's 2 percent inflation target has been "somewhat delayed" from its initial projection. "At this moment, the BOJ has no intention of changing its commitment of achieving its price target at the earliest possible time," he told business leaders in...
| By: Leika Kihara
Bernanke sees no extreme moves in U.S. markets, asset prices SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said on Wednesday there were no signs of extreme movements in the U.S. real estate and financial markets, but criticised the U.S. Congress for failing to approve the IMF reform measures. Bernanke also said during an open interview at a private-sector forum in Seoul that if the Fed lifts interest rates, it...
GLOBAL MARKETS-Asian shares little changed, Fed views hurt some markets TOKYO, May 25- Asian shares got off to a slow start on Monday after U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade, with weakness in Southeast Asia offset by rises in China, Australia and South Korea. "For the first time in nearly two months, investors began rewarding the dollar for good economic data rather than...
| By: Lisa Twaronite
INSIGHT-After bruising safety crisis, US car watchdog shows its bite Having taken the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has wasted no time in forcing reluctant companies into recalling millions of defective vehicles. In the past week alone, the agency announced the biggest recall in history, involving nearly 34 million vehicles with potentially deadly Takata Corp air bags.
| By: David Morgan
WRAPUP 3-BOJ slightly more upbeat on economy, Kuroda sees no need for more easing TOKYO, May 22- The Bank of Japan offered a slightly more upbeat view of the economy on Friday and its governor shrugged off the need for more monetary stimulus, dismissing market concerns that the recovery is too slow to accelerate inflation toward the bank's target. That followed data on Wednesday which showed Japan's economy expanded at the fastest pace in a...
| By: Leika Kihara and Tetsushi Kajimoto