Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
Chinese stocks sank 6 percent to a three-month low on Monday, weighing on Asian shares, sapping investor willingness to take risks and giving the yen an added boost after Japanese voters swept the opposition into power.
U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT).
Japan's next leader, Yukio Hatoyama, began talks on Monday on forming a government to tackle challenges such as record unemployment and a fast-aging society after voters gave his party a sweeping mandate for change.
Oil fell toward $72 a barrel on Monday, as a drop in China's key stock index stoked worries about the country's economy, but hopes that energy demand would soon rebound are on track to push prices up about 4 percent in August.
A historic election win for Japan's opposition Democratic Party on Sunday is likely to buoy Tokyo shares on hopes for less policy deadlock, putting pressure on Japanese government bonds and the yen.
The yen was trading modestly firmer on Monday after the Democratic Party of Japan ousted the ruling Liberal Democratic Party in a landslide, so putting an end to election uncertainty.
The yen was trading modestly firmer on Monday after the Democratic Party of Japan ousted the ruling Liberal Democratic Party in a landslide, so putting an end to election uncertainty.
India's national space agency said that communications with its first unstaffed spacecraft to orbit the moon were lost on Saturday and that its scientists were no longer controlling the orbiter.
Microsoft slashed the price of its Xbox 360 Elite console in the Asia-Pacific region after recently cutting the price in the U.S.
Japanese voters swept the opposition to a historic victory in an election on Sunday, ousting the long-ruling conservative party and handing the novice Democrats the job of reviving a struggling economy.
Polls show the main opposition Democratic Party of Japan (DPJ), which has vowed to put more money in the hands of households, looks poised for a huge win over the ruling Liberal Democratic Party (LDP) in Sunday's election.
Candidates across Japan made their final pitch to voters on Saturday on the eve of an election the opposition looks poised to win, giving the untested Democrats the job of tackling record unemployment and a fast-aging society.
Toyota Kirloskar Motor (7203.T) is planning to make India an export hub for small cars by 2012, including of a compact car that is being designed in Japan for Indian conditions.
Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession.
Frustrated Japanese voters look set to sweep the opposition to victory in Sunday's election, but the novice Democratic Party will quickly face the challenge of an economy suffering from record jobless rates and deflation.
Japan's NEC Corp, Hitachi Ltd and Casio Computer Co are in talks to merge their struggling cellphone operations to cut development costs in a saturated market, four sources said on Friday.
Global buyout firms including Permira and KKR KKR.UL are set to bid for a core Citigroup asset next week in a deal worth more than $1 billion, grabbing a rare opportunity for them to chase big investments in Japan.
China Shenhua Energy Co, China's largest coal producer, posted record quarterly profits on higher sales and output and said it expects a fledgling recovery in China and the region to boost demand.
U.S. special envoy Stephen Bosworth will not visit North Korea if he goes to Asia soon nor does he have plans to meet North Korean officials elsewhere in the region, the U.S. State Department said on Thursday.
Japanese core consumer prices fell at the fastest annual pace on record in July, potentially putting pressure on a reluctant Bank of Japan to rein in deepening deflation.
