Worries over the euro zone's debt crisis hammered Asian stocks to their lowest in more than eight months and sent the euro down, struggling to stay above the previous day's four-year low as political divisions and fears of more market regulation kept investors on edge.
The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The head of the Eurogroup said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action was not needed.
Japan's economy grew 1.2 percent in the first quarter, the biggest expansion in three quarters, on stimulus-driven consumption and solid exports to Asia, but market turmoil from the European debt crisis clouded the outlook.
The euro struggled to retain gains on Thursday after a fragile rebound from the previous day's four-year lows as political divisions in Europe and fears of more regulations kept investors edgy and pressured stocks.
Japan's economy grew 1.2 percent in the first quarter, the biggest expansion in three quarters, supported by solid exports to Asia and a stimulus-fueled recovery in consumption.
Wireless Linux group LiMo expects three major operators to offer handsets using its platform this year, to compete with news rivals Google and Apple, its executive director said. So far only Vodafone has launched a model in Europe, using its Linux-based operating system, while 60 handsets were launched using the platform, mostly in Japan and South-Korea.
Stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy.
Toyota Motor Corp, the world's biggest automaker, said it plans to recall four models of its Lexus luxury car in Japan due to steering problems, its latest move in a series of massive recalls.
U.S. stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy.
The market remains under pressure as Germany's ban on short-selling activities triggered a new round of panic selling in risky assets. WTI crude oil price extends the 7th-day decline to as low as 67.9, the lowest level since September 30, 2009. The contract has plummeted more than -20% so far in May. Despite a plunge below the OPEC's preferred range of 70-80, Saudi Arabia's financial minister stress that he's not worried about the decline and the country will commit to the planned projects.
The euro hit another four-year low on Wednesday and stocks slumped after Germany's move to ban some naked shorting and German Chancellor Angela Merkel said the euro was in danger.
The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
Germany banned risky bets on bonds, stocks and credit protection, stunning investors and setting euro zone markets up for a rough ride on Wednesday amid fears Berlin's attack on speculation will backfire.
The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
The euro fell to a fresh four-year low on Wednesday after Germany moved to sharpen financial regulation, taking down commodities and Asian stock markets in its wake as investors stampeded out of riskier assets.
German carmaker BMW plans to take its 5 Series ActiveHybrid concept into full-scale production as early as next year and expects to introduce the dual-powertrain technology into its smaller 3 Series.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.5 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.4 percent at 4:10 a.m. EDT.
Mitsubishi UFJ Financial Group , Japan's largest bank by assets, returned to profit in the latest quarter due to the absence of big losses on its stock portfolio but its growth forecast for this year is below market expectations.
0 U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.5 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.4 percent at 0810 GMT (4:10 a.m. ET).
The euro dipped on Tuesday, struggling to pull away from four-year lows hit on Monday, and Asia stocks fell to three-month lows as persistent worries about the euro area's fiscal health weighed on investor sentiment.
