* Nikkei 225 Stock Average: +12.45 (+0.1%) to 18,053.38 * Nikkei 225 futures Osaka: +40 (+0.2%) to 18,080 * TOPIX 1st Section: +1.22 (+0.1%) to 1,779.72; Advancers 899 x decliners 702 (unchanged 131), new highs 90 x new lows 32; 19/33 sectors posted gains * JASDAQ: -0.08 (-0.1%) to 81.13
Archive | June 7, 2007
WSJ Editors Embrace “Creative Destruction”
The following excerpt arrived in my daily Asia alerts email from The Wall Street Journal: JOURNAL’S FUTURE: Amid the news that the Bancroft family may soon sell The Wall Street Journal’s parent company, Dow Jones & Co., to Rupert Murdoch’s News Corp. or some other bidder, our editorial writers say it’s important to note that [...]
More Support for Yen Carry Trade
New Zealand’s central bank hiked a quarter-point to 8%, a record, and the NZ$ rose to a 22-year high. NZ’s benchmark rate is second-highest among countries with the best crediting ratings, behind only Iceland. [Source: FT / FT Alphaville] There’s been a slight strengthening of the yen in recent trading that is unlikely to persist. [...]
Overworked I-bankers; M&A Action in Asia
Below are two pieces from Wed.’s FT Alphaville’s The 6am Cut I’d like to share: (1) “Overworked, understaffed, banks fear errors” — In short, executives at the world’s top i-banks admit their staff are under pressure from the record volume of M&A activity. [By the way, I read on a WSJ Deal newsletter / blog [...]
Subscribe
Subscribe to our e-mail newsletter to receive updates.
