JAPAN

Moody's Downgrade of Japan Lifts Gold

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Gold bounced back on Wednesday after suffering its worst setback in 18 months, as risk appetite retreated on Japan's debt rating downgrade, while oil and metals were supported by hopes the U.S. would inject fresh stimulus to boost the economy.
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Japanese Gold Investors Start to Cash in

For Eriko Ebina, standing outside a downtown Tokyo medical equipment store that has a side business buying gold, the recent surge in prices for the precious metal was just too tempting.
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Asian shares fall as Fed rally runs out of steam

Asian shares fell on Wednesday as a rally fueled by speculation that the Federal Reserve may signal further moves to support the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
A man takes a picture of a stock index board with his mobile phone outside a brokerage in Tokyo

Asian Markets Dip after Japan Downgrade

Asian shares fell Wednesday as a rally fueled by speculation that the Federal Reserve may further shore up the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
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Gold Back up to $1,851 after Brief Drop

Gold rebounded more than 1 percent Wednesday after posting its biggest drop in 18 months, as risk appetite retreated after Moody's downgraded Japan's debt rating and strong buying interest in Asia's physical market lent support.
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Moody's cuts Japan rating one notch

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming a build-up of debt since the 2009 global recession and the revolving-door leadership that has hampered effective economic strategies.
People wait to cross a street as cars pass by in Tokyo

Asian Shares Rise on Hopes of More Fed Support

Asian shares rose on Wednesday as speculation the Federal Reserve may signal further moves to support the struggling U.S. economy sustained a modest rebound from this month's sharp sell-off.
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Moody's Cuts Japan Rating by One Notch to AA3

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming large budget deficits and a buildup of debt since the 2009 global recession.
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China gas tax rebate may nudge spot LNG imports up

A tax rebate on natural gas imports may accelerate China's purchases of liquefied natural gas, but only marginally given high prices for spot supplies and the nation's policy of using long-term contracts.
iPhone 4

Apple Suppliers Building Cheaper, 8GB iPhone 4

Asian suppliers to Apple Inc (AAPL.O) have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.
Ford, Toyota Team Up

Ford, Toyota Team-up: Companies, Leaders Have Old Ties, Admiration

News that Ford Motor Co. and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles isn't a big surprise, if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for one another's companies. Talk turned to hybrid vehicles, and plans for the future. Ford is the truck leader, and Toy...
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Nintendo jumps on talk of 3DS add-on, revamp

Shares of Nintendo Co Ltd surged more than 8 percent on Tuesday amid expectations the Japanese video game maker is taking steps to shore up lackluster sales of its 3DS handheld games player.
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Analysis: Shell faces challenges over Iraq gas deal

Shell, Europe's biggest oil and gas company, is likely to face long delays in bringing a $17 billion gas deal with Iraq into operation as it tackles infrastructure, export constraints and sufficient access to gas from oilfields run by industry rivals.

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