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July 29 (Reuters) – Shares in Panasonic Corp (6752.T) extended losses after Reuters reported it plans to raise up to 500 billion yen ($5.7 billion) in a new share issue to help it finance a buyout of units Sanyo Electric (6764.T) and Panasonic Electric Works (6991.T). [ID:nTFD006495][ID:nLDE66R2CC]
Panasonic shares were down 8.3 percent at 1,070 yen. (Reporting by Sachi Izumi)
TAIPEI, July 27 (Reuters) – Taiwan stocks ended down 0.5
percent on Tuesday, led by losses in Formosa Petrochemical
(6505.TW) after the refinery shut down its local refinery complex
following a fire.
The main TAIEX share index closed down 39.44 points
at 7,748.01, as plastic shares .TPLI dropped 2.8 percent, the
biggest losing sector.
Formosa, the region’s fifth-largest refinery, fell 1.8
percent to a two-month closing low.
(Reporting by Faith Hung; Editing by Jacqueline Wong)
July 22 (Reuters) – Japan’s Nikkei slipped 0.6 percent to its fifth straight day of losses and a three-week closing low on Thursday, hurt by a stronger yen after Federal Reserve Chairman Ben Bernanke expressed concern about the U.S. economy.
Investors awaiting the results of European bank “stress tests” later this week were closing positions, while the yen’s rally hit shares of exporters.
The benchmark Nikkei .N225 shed 57.95 points to 9,220.88, its lowest close since July 2, while the broader Topix lost 0.5 percent to 825.48.
July 13 (Reuters) – Seoul’s stock market trimmed earlier gains to close up 0.06 percent as losses in tech and auto issues such as Hynix (000660.KS) and Ssangyong Motor (003620.KS) weighed, but continued foreign buying helped.
The Korea Composite Stock Price Index (KOSPI) finished up 1.03 points at 1,735.08.
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)
July 12 (Reuters) – The losses in the Polish zloty are not enough to raise interest rates and the currency is set to strengthen long term, Monetary Policy Council member Jerzy Hausner was quoted as saying on Monday.
“If we were seeing an appreciation of the zloty, then this would naturally be weakening the inflation pressure. Then the motivation to raise the interest rate would be smaller,” Hausner told daily Gazeta Wyborcza in an interview.
“But the current weakening of the zloty is not enough of an argument to rise rates.” (Writing by Gabriela Baczynska; Editing by Neil Fullick)
(Reuters) – Stephen Strasburg returned to form and won his first game in nearly a month with the aid of a pair of Adam Dunn home runs as the Washington Nationals cruised to an 8-1 victory over the San Francisco Giants on Friday.
Strasburg improved to 3-2 with his first win since June 13, having endured a pair of losses and three no-decisions since overpowering the Cleveland Indians in a 9-4 victory.
After giving up a leadoff home run to Andres Torres in the first inning, Strasburg allowed just two more hits and a walk, while striking out eight in six innings.
“After that I was like, ‘You know what, bottom line, if they’re going to beat me, they’re going to beat me. Me calling my own game’,” Strasburg told reporters. “I just put it all on my shoulders.”
Dunn was three-for-four with three RBIs and three runs scored. His solo home run in the third inning broke a 1-1 tie, and his two-run blast in the seventh was part of a four-run inning that put the game out of reach for San Francisco.
“I think every hitter, especially every power hitter, goes through a stretch where they hit home runs,” said Dunn. “That’s kind of what’s happening right now.”
After falling behind in the top of the first the Nationals countered with a run in the bottom of the inning, capitalizing on a throwing error by pitcher Matt Cain on an attempted pickoff at second base.
Washington added two more runs in the sixth.
Giants starter Matt Cain (6-8) gave up 11 hits in over six innings, allowing all eight runs while striking out six and walking three.
(Reporting by Mike Mouat in Windsor, Ontario; Editing by Ian Ransom)
(Reuters) – Stephen Strasburg returned to form and won his first game in nearly a month with the aid of a pair of Adam Dunn home runs as the Washington Nationals cruised to an 8-1 victory over the San Francisco Giants on Friday.
Strasburg improved to 3-2 with his first win since June 13, having endured a pair of losses and three no-decisions since overpowering the Cleveland Indians in a 9-4 victory.
After giving up a leadoff home run to Andres Torres in the first inning, Strasburg allowed just two more hits and a walk, while striking out eight in six innings.
“After that I was like, ‘You know what, bottom line, if they’re going to beat me, they’re going to beat me. Me calling my own game’,” Strasburg told reporters. “I just put it all on my shoulders.”
Dunn was three-for-four with three RBIs and three runs scored. His solo home run in the third inning broke a 1-1 tie, and his two-run blast in the seventh was part of a four-run inning that put the game out of reach for San Francisco.
“I think every hitter, especially every power hitter, goes through a stretch where they hit home runs,” said Dunn. “That’s kind of what’s happening right now.”
After falling behind in the top of the first the Nationals countered with a run in the bottom of the inning, capitalizing on a throwing error by pitcher Matt Cain on an attempted pickoff at second base.
Washington added two more runs in the sixth.
Giants starter Matt Cain (6-8) gave up 11 hits in over six innings, allowing all eight runs while striking out six and walking three.
(Reporting by Mike Mouat in Windsor, Ontario; Editing by Ian Ransom)
July 6 (Reuters) – The dollar fell to its weakest in nearly three months against the Swiss franc on Tuesday as the U.S. currency came under broad selling pressure in early European trade.
The dollar CHF= fell to 1.0563 francs according to Reuters data, down 0.7 percent on the day, to hit its lowest since mid-April.
Market participants said selling via system trades was helping to push the U.S. currency lower versus the Swiss franc.
The dollar’s broad losses came as the Australian dollar rallied to session high on short covering after the Reserve Bank of Australia said the global economy is continuing to expand, albeit unevenly.
(Reporting by Naomi Tajitsu)
(Reuters) – Japan’s Nikkei share average edged up on Tuesday, paring losses to climb back above support at a key retracement level after falling to a seven-month low.
The benchmark Nikkei started trade below 9,200, key support around the level of a 50 percent retracement from its March 2009 low to its April high on fears over China’s property market, before hitting a seven-month low of 9,091.70 and coming within sight of its next support — 9,076, a trough touched last November.
But as the yen’s gains were tempered and as Chinese stocks rose the benchmark pared its losses, closing the day up 0.8 percent or 71.26 points at 9,338.04. The broader Topix gained 1.2 percent to 847.24.
(Reporting by Shinichi Saoshiro)
July 6 (Reuters) – Japan’s Nikkei share average edged up on Tuesday, paring losses to climb back above support at a key retracement level after falling to a seven-month low.
The benchmark Nikkei .N225 started trade below 9,200, key support around the level of a 50 percent retracement from its March 2009 low to its April high on fears over China’s property market, before hitting a seven-month low of 9,091.70 and coming within sight of its next support — 9,076, a trough touched last November.
But as the yen’s gains were tempered and as Chinese stocks rose the benchmark pared its losses, closing the day up 0.8 percent or 71.26 points at 9,338.04. The broader Topix gained 1.2 percent to 847.24. (Reporting by Shinichi Saoshiro)
July 6 (Reuters) – Dutch online broker BinckBank N.V. (BINCK.AS) and insurer Delta Lloyd (DLL.AS) on Tuesday said they would establish a joint venture to offer group defined contribution pension schemes in the Dutch market.
“This new initiative is a Contributory Pension Institution … a new type of pension administrator that enters the Dutch market, alongside insurers and pension funds,” they said in a statement.
BinckBank and Delta Lloyd said the market for defined contribution pension schemes in the Netherlands is growing rapidly. In 2008 the market volume was 6.5 billion euros ($8.72 billion), according to the Dutch Association of Insurers.
The new entity, “BeFrank”, will actively enter the market after a new pension law comes into force on Jan. 1, 2011.
The start-up losses for the first three years will total 6 million euros, BinckBank and Delta Lloyd said. They expect BeFrank to contribute to the parent companies’ profits from 2014. (Reporting by Harro ten Wolde; Editing by Hans Peters) ($1=.7453 Euro)
July 1 (Reuters) – Seoul shares dipped 0.7 percent on Thursday, weighed by weaker than expected Chinese manufacturing data, with losses led by Hyundai Motor (005380.KS) on reports its parent group could bid for Hyundai E&C (000720.KS).
The Korea Composite Stock Price Index (KOSPI) finished down 12.05 points at 1,686.24 points.
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)
June 29 (Reuters) – The euro extended its losses against sterling to hit a 19-month low on Tuesday, hurt by funding concerns in the euro zone.
Currencies
Funding pressures in the euro zone on concerns ahead of bank repayments to the European Central Bank this week as well as debt auctions were weighing on the euro, market players said.
The euro fell to as low as 81.16 pence EURGBP=D4, its lowest since November 2008. (Reporting by Rika Otsuka)
June 29 (Reuters) – Indian shares extended losses to 1 percent on late Tuesday morning, with financials leading the decline, hurt by weak Asian stock markets.
Financials
At 11:52 a.m. (0622 GMT), the 30-share BSE index .BSESN was down 1.09 percent at 17,685.60 points, with 28 components declining.
The 50-share NSE index was down 1.2 percent at 5,272.20 points. (Reporting by Ami Shah; editing by Malini Menon)
June 29 (Reuters) – European stock index futures pointed to a sharply lower open on Tuesday, hit by worries over funding in the euro zone ahead of bank repayments to the European Central Bank due later in the week.
Stocks | Global Markets | Financials
By 0602 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 1.7 to 1.9 percent.
(Reporting by Blaise Robinson)
June 29 (Reuters) – The euro extended losses against the yen on Tuesday as funding concerns in the euro zone and a fall in Asian stocks prompted investors to sell the single European currency, while Japanese exporters repatriated their overseas profits before the second quarter ends.
The euro was down 0.9 percent at 108.73 yen EURJPY=R after dropping as low as 108.62 yen, its lowest in three weeks. (Reporting by Rika Otsuka)
June 29 (Reuters) – Financial bookmakers expect leading European benchmark indexes to fall on Tuesday, retreating for the fifth time in six sessions and tracking losses on Wall Street and in Asia.
Stocks | Global Markets | Financials
Financial spreadbetters expect Britain’s FTSE 100 .FTSE to open 36 to 48 points lower, or as much as 1 percent, Germany’s DAX .GDAXI to open 33 to 48 points lower, or as much as 0.8 percent, and France’s CAC-40 .FCHI to open 34 to 44 points lower, or as much as 1.2 percent. (Reporting by Blaise Robinson; Editing by James Regan)
June 24 (Reuters) – European shares were set to rise on Thursday, snapping two consecutive sessions of losses, tracking gains in Asia on hopes new Australian Prime Minister Julia Gillard would compromise on a controversial mining tax.
Stocks | Global Markets | Financials
At 0601 GMT, futures for the STOXX Europe 50 STXEc1, Germany’s DAX FDXc1 and France’s CAC 40 FCEc1 were up 0.4 to 0.7 percent.
Mining stocks were expected to be a focus, after mining shares in Australia gained around 1.5 percent, encouraged by new Prime Minister Julia Gillard’s comments about seeking negotiations with the miners over the super tax. (Reporting by Joanne Frearson)
June 22 (Reuters) – European stock index futures pointed to a lower open on Tuesday as a dip on Wall Street and in Asia prompt investors to cash in some profits after a brisk nine-session winning streak.
Stocks | European Markets | Global Markets | Financials
By 0602 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 0.3-0.9 percent.
June 22 (Reuters) – Financial bookmakers expect to see the leading European benchmark indexes falling on Tuesday as losses on Wall Street and in Asia prompt investors to cash in some profits after a nine-session winning streak.
Stocks | European Markets | Global Markets | Financials
Financial spreadbetters expect Britain’s FTSE 100 .FTSE to open 42 to 48 points lower, or as much as 0.9 percent, Germany’s DAX .GDAXI to open 31 to 38 points lower, or as much as 0.6 percent, and France’s CAC-40 .FCHI to open 34 to 39 points lower, or as much as 1 percent. (Reporting by Blaise Robinson; Editing by James Regan)
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