Japan’s Sharp Corp., is considering a capital restructuring plan to reduce costs. This also includes a preferred shares issuance in the plan. Prior to the above decision the firm’s shares fell around 26% in a singe day. View the full release here.
Sharp Fall Steep Prior to Restructuring Read More »
Asian stock markets closed lower (except Japan) as we begin a new week with disappointing economic data from China. Chinese industrial production growth slowed slightly from 9.9% from 10.3% in December but inflation jumped to 3.2% year over year in February compared to just 2% previously. Hong Kong was flat, China down 0.3%, India flat
Chinese Economic Data Damper Asian Markets, Europe Flat to Down Read More »
In overnight trading Japanese markets had the largest gains with Nikkei rising 2.1%%, Hong Kong up 1%, China up 0.9% and the Indian markets trailing the region with a modest rise of 0.5%. Australian markets were up 0.8% on heels of 3.6% GDP growth for 2012. The best performing developed economy for last year. EU
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Nikkei jumped 2% and the yen fell to 94.77 against the dollar, the lowest since May 2010. The MSCI Asia Pacific index was 0.1% higher, pulled up by an 0.75% rise in the ASX.
Yen slides eyes on Italian election Read More »
