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Thursday, August 21, 2014
Japan trade deficit narrows on export pick-up
Japan's trade deficit for July narrowed 6.6 percent from a year earlier, data showed Wednesday, with exports picking up on rising demand for cars and machinery.
 > Japan
Ballmer steps down from Microsoft board
Former Microsoft CEO Steve Ballmer is stepping down from the company's board, closing a chapter on 34 years with the software giant.
Buenos Aires on Tuesday moved to pay bondholders domestically after a U.S. bank left it unable to do so, President Cristina Kirchner said.
BHP Billiton's shares closed almost four percent lower in Australia Wednesday, as investors fled over the lack of a stock buyback and the global mining giant's demerger plans.
New York State's banking regulator hit Standard Chartered Bank with a US$300 million fine and restrictions on its dollar-clearing business Tuesday for not detecting possible money laundering.
Citigroup is eyeing the sale of its Japanese retail banking operations, reports said Wednesday, more than a century after setting up shop in the Asian nation.
Freshly split Apple shares closed at a high on Tuesday, with investors evidently betting the California company will debut popular new gadgets, perhaps a smart watch and an iPhone 6.
Asian stocks got a slight boost Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower ahead of Federal Reserve minutes.
The dollar hit multimonth highs against the euro and yen in Asia Wednesday after a surge in U.S. housing construction boosted optimism over the state of the world's number one economy.
Oil prices were mixed in Asia Wednesday as investors await the release of U.S. Federal Reserve minutes from its July meeting, while keeping an eye on the latest stockpiles data.
  
  
  
  
  
  
  
  
  
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