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Wall St. bucks global slump
NEW YORK — After bracing for a steep fall, Wall Street barely shrugged at a sharp sell-off in stock markets around the globe. It all started in Asia. Weak manufacturing data out of China pointed to a slowdown in the world's second-largest economy,...
Tags: Credit Ratings, Unemployment Benefits, Japan, Ben Bernanke, Stock Market
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Asian stocks shaky, Nikkei still seen vulnerable
ReutersSYDNEY (Reuters) - Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout. In a sign that many are still spooked by...Tags: International Organizations, White House, Real Estate Buyers, G20, National Australia Bank Limited
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Yuan hits new high after record midpoint fixing
Reuters* PBOC sets midpoint at record high despite dollar strength * Traders see sign of faster pace for currency reforms * Yuan value seen more tied to dollar supply/demand By Lu Jianxin and Pete Sweeney SHANGHAI, May 24 (Reuters) - The central bank fixed a...Tags: Finance, Foreign Exchange Market, China, Economy, Business and Finance, Federal Reserve
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German consumers more likely to spend - GfK
Reuters* Index reaches 6.5 in June, highest since Sept 2007 * Income expectations gain amid industry's hefty wage deal * ECB seen behind historic low propensity to save money By Christiaan Hetzner BERLIN, May 24 (Reuters) - Higher real wages have German...Tags: Science and Technology, Siemens, Germany, Economy, Business and Finance, European Central Bank
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ECB can't solve euro zone crisis alone: Weidmann
ReutersPARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools. Speaking in Paris,...Tags: Public Finance, Japan, Foreign Exchange Market, Economy, Business and Finance, Ben Bernanke
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Average US rate on 30-year mortgage rises to 3.59 pct.; 15-year up to 2.77 pct.
AP Business WriterWASHINGTON (AP) — Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery....Tags: Mortgages, Credit Ratings, Freddie Mac, Finance, Real Estate
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U.S.-based Japanese stock funds up $1.5 billion in record inflow streak: Lipper
ReutersNEW YORK (Reuters) - Investors in funds based in the United States poured $1.51 billion into Japanese stock funds in the latest week, marking the longest streak of weekly inflows into the funds on record, data from Thomson Reuters' Lipper service showed...Tags: Japan, Personal Finance, Economy, Business and Finance, Ben Bernanke, Stock Market
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Jobs, housing data show economy has some muscle
ReutersWASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving employment picture is helping to prop up housing,...Tags: Economic Indicator, Public Finance, Unemployment, Federal Reserve, Unemployment Benefits
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Dollar recovers from two-week low versus yen, focus on Nikkei
ReutersTOKYO (Reuters) - The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge and Wall Street regained some stability...Tags: White House, International Organizations, Real Estate Buyers, G20, Unemployment
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Myanmar's kyat currency slumps as imports flood in
ReutersBy Aung Hla Tun and Jared Ferrie YANGON, May 24 (Reuters) - Myanmar's currency has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy. The...Tags: International Organizations, Foreign Exchange Market, Burma, Electronics, Exports
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Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact
ReutersTOKYO (Reuters) - The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a long-overdue correction and didn't presage the end of a remarkable six-month bull-run....Tags: Japan, Mitsubishi UFJ Financial Group Incorporated, Tokyo (Japan), Finance, Toyota Motor Corp.
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Special Report: The deeper agenda behind "Abenomics"
ReutersTOKYO (Reuters) - When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan's prime minister, his pride was dented and his self-confidence battered. One thing, however, was intact: his commitment to a controversial...Tags: Polls, Japan, Culture, Photography and Video, Ulcerative Colitis
May 24, 2013
|Story| Los Angeles Times
May 23, 2013
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