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Business - Business - Asia News latest news



Asian markets plunge after huge Wall Street losses; Tokyo
TOKYO - A massive sell-off on wall street and escalating fears of a global recession sent Asian stocks plunging Friday, with Japan's benchmark index plunging more than 10 percent. "Selling is u...
India Gazette Friday, October 10, 2008

Shots Fired Near Cumorah Academy Forces Lock Down
Metro is searching for suspects after shots were fired between several vehicles in a quiet neighborhood. It happened around 10am near Jones and Cheyenne. Neighbors say they heard several gunshots and ...
India Gazette Friday, October 10, 2008

Nikkei plunges below 9,000 after five years
Stocks in Tokyo continued their downward course Friday, with the Nikkei plunging below the psychologically significant mark of 9,000 points for the first time in more than five years.
India Gazette Friday, October 10, 2008

Big producers deny iron ore disruption
BHP Billiton and Rio Tinto say there is no shipment slowdown to China in spite of claims from one Australian miner that a number of customers had requested deliveries be delayed into next year
FT.com Friday, October 10, 2008

Sensex in a tailspin, down over 8%
Indian markets are in free fall in the early trade with other major global markets caught in selloff tsunami. The Sensex was down over 800 points to 10,500 levels.
India Gazette Friday, October 10, 2008

Japan's 'good value' retailers buck trend
Amid the gloom enveloping the majority of retailers, those able to offer high quality products at reasonable prices continue to see firm demand from penny-pinching shoppers
FT.com Friday, October 10, 2008

Toyota official says U.S. production levels won
YORK TOWNSHIP, Mich. — Toyota Motor Corp.'s top U.S. sales executive said Thursday that the company won't impose more production cuts this year despite a sales slump that might not end until aft...
India Gazette Friday, October 10, 2008

Taiwan, South Korea Cut Rates
Asian central banks joined the global effort to shore up confidence, with Taiwan's and South Korea's policy makers cutting interest rates.
Wall Street Journal Friday, October 10, 2008

Japan Prepared to Help Bail Out Nations
Japan's finance minister said his country is prepared to help bail out nations running out of funds amid the worsening global financial crisis.
Wall Street Journal Friday, October 10, 2008

MUFG to Push Ahead With Morgan Stanley Deal
MUFG plans to push ahead with its $9 billion investment in Morgan Stanley despite the prospect of immediate paper losses.
Wall Street Journal Friday, October 10, 2008

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