JAPAN

China Warns US Not To Take Sides In Sea Disputes

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China warned the United States not to get involved in South China Sea territorial disputes on Tuesday as U.S. Secretary of State Hillary Clinton arrived in Beijing pledging to pass on a strong message on the need to calm regional tension.

Red Sox Manager Bobby Valentine Still With The Team, But For How Long?

Bobby Valentine
News comes today that Valentine, after some deliberation, will be keeping his job as Boston Red Sox Manager. The move shocks some fans who have been calling for his resignation since the beginning of the season, where the team started off 4-10 and have been in the cellar in the always-competitive American League East since before the All-Star break.
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Asian Stocks

Asian Stocks Fall On Japan Data; Nikkei Plunges 1.6%

Asian stock markets declined Friday as weak economic reports from Japan and South Korea revived concerns over the global economic growth while investors opted for caution ahead of the long-awaited speech by Federal Reserve Chairman Ben Bernanke at the Jackson Hole symposium later in the day.
Bank of China

Chinese Banks' Bad Loan Nightmare

China's credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale's China macro strategist Wei Yao.
Nikkei Stock Exchange

Asian Markets Fall On Weak Japan, South Korea Data

Asian markets fell Thursday as investors' concerns about the weakening global economy was revived by the declining Japanese retail sales and disappointing South Korean manufacturers' confidence data.
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Asian Shares Ease, Euro Steady Ahead Of Bernanke Speech

Asian shares eased and major currencies stayed range-bound Thursday as investors avoided betting on direction before a speech by U.S. Federal Reserve Chairman Ben Bernanke, with focus on whether there will be any hint about further U.S. stimulus.
US GDP

US 2Q GDP Revised Up To 1.7%, Stock Futures Point To Slight Gains

The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs and drive down the unemployment. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.
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KKR May Invest More Than $1B In Japan’s Renesas Electronics

Legendary private equity investor Kohlberg Kravis Roberts (NYSE: KKR) may seek to acquire control of Japan’s Renesas Electronics (Tokyo: 6723) for a 100 million yen (US $1.27 billion) investment, which would be its largest in Japan, financial news agencies reported.
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Asian Shares Steady; Euro Gains

The euro remained firm while Asian shares steadied Wednesday as investors awaited U.S. Fed Chairman Ben Bernanke's Friday speech.

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