Tuesday saw gold leaping to touch a record high after the indications from the minutes of policy meeting of Federal Reserve held in June pointed towards the openness of the central bank to more monetary stimulus. Gold futures for the month of August delivery rose 0.9%, or $13.10, reaching a record high of $1,562.30 per ounce. [...]

On Wednesday, the US dollar was a on a positive ride with a marginal rise. However this rise was every steady. It hit the highest since October 2010 levels. It has shown its credentials against every other major currency in the market. The Nikkei in Japan has hit its four month high mark with the [...]

On Friday we have witnessed that all the major stock markets are on a lower note. The world wide stock markets closed on a lower note as they are expecting a negative growth report in US. Federal Reserve is expected to come up with many stimulus measures which may correct everything that may trigger a [...]

Sony Corp. stated that it recovered for better sales of its personal computers and play station gaming in the third quarter from July to September. Tokyo based entertainment and Electronics Company reported on Thursday that it had hit a profit of 31.1 billion yen ($375 million) for July to September quarter. This revenue generation climbed [...]

Japan’s Factories Production has made small number of goods in September as manufacturer of electronic devices and cars cut their production whilst customer prices dropped for the 19th month, highlighting that the recovery of economy is losing its steam. Government however stated on Friday that the output of Factory fell down 1.9% from the previous [...]

Strong Yen pushed Sharp Corporation of Japan to cut its earnings income forecast even as first half gains re-bounded on progressed sales of blu-ray disc players, home appliances and flat-screen Television’s. Sharp Corporation is a leading and respected Japan-based company engaged specially in the sale and manufacture of electrics, electric telecommunication, and electronic equipment. In [...]

September 26, Tokyo: The central bank of Japan has finally given a word of no more interventions in the currency rates or the correction of currency rates in the market. It would not fight to control the rising rate of Yen.  Masaaki Shirakawa, said on behalf of Bank of Japan, that it would take necessary [...]

August 30, 2010, Tokyo: According to currency strategists any attempt by Japan to decline the yen after it rallied to the 15 years rise may fall short without help from the United States and the Euro Union. Assumption that Japan may intervene in foreign exchange market increases after Naoto Kan. Prime Minister said on Friday [...]

The dollar is quickly turning into a funding currency as concerning the purchases of higher yield assets with the slump in the treasury field yields. As such the picture of the US economy remains uncertain. The dollar still seems a far away from surpassing the Franc or Yen as the world’s favorite funding currency. Instead, [...]

China’s foreign exchange reserves of $2.45 trillion are considered to be the largest in the world. But it is slowly turning bullish upon Japan and Europe at the US expense. The People’s Bank of China’s former advisor, Yu Yongding, said that the nation is currently doing a lot of buying. He was recently on his [...]