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Nikkei slips as yen weighs on exporters, techs TOKYO (Reuters) - Japan's Nikkei stock average lost 1.2 percent on Thursday, with Honda Motor Co and other exporters down as the yen climbed to a 2-month high on the dollar and after the Federal Reserve cut its outlook for the U.S. economy. Tech shares fell in the wake of losses by their U.S. peers, with Sony Corp dropping 1.6 percent, despite saying it plans to halve the number of its parts and materials suppliers. ReutersAsian markets fall after Fed sees deeper slowdown Asian stock markets fell Thursday after the U.S. central bank predicted an even deeper recession in the world's largest economy. Benchmarks in Tokyo, Hong Kong and other major markets were lower by about 1 percent. The dollar continued to slide against the... Related: Hong Kong - Stock market - Tokyo - Central bank - Recession SF GateTreasury: Banks meeting capital needs Treasury Secretary Timothy Geithner said Wednesday that banks found to be in need of more capital under recent government stress tests have already generated billions of dollars in new revenue. Appearing before the Senate Banking Committee, the secretary noted that the recent stress tests of 19... NASDAQPound strengthens against dollar The pound gains against the dollar, after it emerges that the Bank of England considered boosting money supplies. BBCDollar Extends Losses The dollar dropped against several currencies after some Fed officials projected an even deeper recession in the U.S. than expected three months ago. Wall Street JournalReports: Treasury set to lend GMAC more money NEW YORK (AP) -- The Treasury department is set to inject billions more dollars into GMAC financial services, according to media reports.... The Arizona RepublicSenate Demands Plan For Gitmo Detainees Senate Democrats rejected President Obama's request for funding to close the Guantanamo Bay prison and vowed to withhold federal dollars until the president decides the fate of the facility's 240 detainees, reports the Washington Post. CBS NewsGreen light for big zircon-rich mining project One of several billion dollar plus discoveries in Australia in the new millennium, a zircon-rich mineral sands deposit in South Australia's remote west, today won the regulatory approvals for development at an initial cost of $A420 million ($US324.3 M). IB TimesStocks jump in early going as BofA raises capital NEW YORK (AP) -- investors are feeling confident again after Bank of America Corp. was able to raise billions of dollars in capital.... The Arizona RepublicVermont acts to make drug makers` gifts public Cracking down on medical industry payments to doctors, the Vermont legislature has passed a law requiring drug and device makers to publicly disclose all money given to physicians and other health care providers, naming names and listing dollar amounts. The law, scheduled to take effect on July 1, is believed to be the most stringent state effort to regulate the marketing of medical products to doctors. It would also ban nearly all industry gifts, including meals, to doctors, nurses, medical staff, pharmacists, health plan administrators and health care facilities. Bioethics.net1 2 |
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