Saturday, 1 September 2012
Asian stocks fell this week, dragging the regional benchmark index to its first monthly drop since May, as reports from Japan, China and South Korea signaled an economic slowdown is deepening.
Loss-making electronics company Sharp Corp will receive an additional 150 billion yen ($1.92 billion) from Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ, helping it stay afloat through the end of the month, the Nikkei business daily reported.
Oil production and 7 percent of natural gas output, according to the U.S. Energy Information Administration. About 30 percent of U.S. natural gas processing plant capacity and 44 percent of the country’s oil refining capacity lies along the Gulf Coast, the EIA said.
Copper production at Chile’s Codelco fell 6.4 percent in the first half from a year earlier to 767,000 tonnes, the miner said on Friday, but the world’s No. 1 copper producer said it still intends to produce around 1.7 million tonnes this year.
Gold surged 2 percent in heavy trading on Friday to a five-month high, and looked set to resume its years-long rally after Federal Reserve Chairman Ben Bernanke’s key speech raised hopes of a new round of monetary stimulus for the U.S. economy.
U.S. stocks fell on Thursday after several days of muted trading as investors took a defensive posture before Federal Reserve Chairman Ben Bernanke’s much-awaited speech on Friday.
The Dow Jones industrial average was up 90.13 points, or 0.69 percent, at 13,090.84. The Standard & Poor’s 500 Index was up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index was up 18.25 points, or 0.60 percent, at 3,066.96.
Friday, 31 August 2012
Asian shares fell to four-week lows on Friday as investors cooled expectations that U.S. Federal Reserve Chairman Ben Bernanke will offer any signal of a further monetary stimulus at a speech before fellow central bankers later in the day.
U.S. Treasuries gained in price on Thursday as stocks retreated and investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third round of bond purchases when he speaks on Friday.
Japanese shares slid to a two-week low in early Friday trade as stocks related to China and resources remained under pressure, while Sharp Corp took a dive as investors grew impatient for Taiwan’s Hon Hai Precision Industry to decide on a tie-up.