Eastern Asia Business News

China tells US to get economy in order

Added 4m ago BEIJING - China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis....

Toyota, Honda feel pinch of global slump at home

Toyota and Honda are starting to feel the pinch of the global slowdown at home. On Thursday, Japan's biggest automaker said it was suspending production at a third plant later this month as it tries to cope with falling demand...

Asian shares retreat as economic fears nag

HONG KONG (Reuters) - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.

European markets shed gains ahead of Dow opening

European markets up modestly as Dow holds steady : Europe's stock markets rose modestly Thursday after Wall Street recovered most of its earlier losses, but investors remained cautious after big interest rate cuts in Europe and...

Europe poised to slash rates as global economy reels

TOKYO/ BEIJING (Reuters) - Central banks in Europe were poised to cut interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policymakers had anticipated.

Nippon Oil, Nippon Mining to merge

Published: Dec. 4, 2008 at 6:50 AM Quotes delayed at least 20 mins. TOKYO, Dec. 4 (UPI) -- Japan's Nippon Oil Corp. and Nippon Mining Holdings Inc. announced plans Thursday to merge next year, creating the world's eighth...

Yen and dollar up before ECB

TOKYO (Reuters) - The yen and the dollar rose against other major currencies on Thursday, supported by concerns about a long and deep global recession and expectations that central banks in Europe will cut interest rates later...

Toyota, Honda feel pinch of global slump at home

The Associated Press Thursday, December 4, 2008; 8:10 AM TOKYO -- Toyota and Honda are starting to feel the pinch of the global slowdown at home. On Thursday, Japan's biggest automaker said it was suspending production at a...

Layoffs mount as crisis drags on

SINGAPORE (Reuters) - Credit Suisse and Nomura Holdings announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets.

Japan stocks fall ahead of key US data

Japanese stocks retreated Thursday, as fears about the U.S. economy and the fate of Detroit's struggling automakers reversed early gains. The Nikkei 225 stock average fell 79.86 points, or 1 percent, to 7,924.24. The broader...

1 2 3 4 5 next »