Cheap Yen, Healthier Sales Push Sony into the Black
Sony is back in the black for its fiscal fourth quarter, recording a $948 million profit, with big help from a weaker yen that boosts overseas earnings.
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Travel Tips: How to Make the Most of Leftover Foreign Currency
When you come back from a trip with some foreign coins jangling in your pocket, they tend get discarded and forgotten. But rather than waste your hard-earned euros and yen, try these techniques to get some value out of them on your home soil.
Make Money Selling Money? Why Foreign Currency Is Worth a Look
Trading foreign currencies is a smart option for investors looking to diversify -- and one that not many years ago, was restricted to big money investors. Now, it's available to the general public -- with a social networking twist.
America's Next Great Carmaker: Toyota?
Perhaps the most surprising recent news in the auto industry last week was this little gem. In large part owing to President Obama's negotiation of a free trade agreement with South Korea earlier this year, Toyota will be expanding exports of U.S.-built vehicles to Korea for sale.
G-7 Pledges to Restrain Japanese Yen
Japan's Nikkei 225 Index advanced 2.7% on Friday, ending a turbulent week at 9,207. In Hong Kong the Hang Seng Index inched up 0.1% to 22,300 and in China the Shanghai Composite Index rose 0.3% to close at 2,907.
G-7 to Help Weaken Surging Japanese Yen
The Group of Seven countries on Thursday agreed to intervene to reduce the value of the Japanese yen, which has surged to record levels after last week's earthquake and tsunami. A strong yen could cripple the country's exports and further damage its economy.
Stocks Recover as Yen Retreats From Record Highs
A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world's industrialized nations will discuss how to ease the currency's rise.
Bucking a Trend: Why the Dollar Could Rally in 2011
Despite all the headwinds blowing against it -- and they're fierce -- the U.S. dollar has been holding its own against the world's major currencies. And if the U.S. recovery remains on track, the greenback has good odds of actually strengthening in 2011.
Toyota Fights Recall Woes and Stronger Yen
The Japanese automaker's bottom line is likely to have been hit by its many safety recalls, weaker U.S. sales and Japan's rising currency. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.
Sony Earnings Fall 8.6% on Strong Yen and Declining TV Prices
Sony's quarterly profit dropped 8.6% as a strong yen and falling TV prices erased the boost the Japanese electronics and entertainment company got from its hit movie "The Social Network."
Why Japan Is Rushing to Aid Europe: It's All About China
World markets got a boost this week from Japan's pledge to help overly indebted EU nations. What's behind Japan's move? Sure, the spirit of global cooperation is part of it. But much more significant is Tokyo's need to keep pace with Beijing in the influence game.
Shares Slide in Asia as China Vows to Tackle Rising Prices
Asian shares slid Tuesday as investors worry about government efforts to stabilize prices in the People's Republic. China's Shanghai Composite Index tumbled 1.7%, Hong Kong's Hang Seng Index fell 0.9% and in Japan the Nikkei 225 Index slipped 0.6%.
Black Friday Boom Boosts Asian Exporter Stocks
In Asia Monday Hong Kong's Hang Seng Index gained 1.3% and Japan's Nikkei 225 Index advanced 0.9%, buoyed by retail gains in the U.S. over the Thanksgiving weekend. But in China the Shanghai Composite Index slid 0.2% as investors continue to worry about the effects of tightening measures.
It's Time for a New Reserve Currency: Meet the Mondo
For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.
What the Stocks vs. Dollar Seesaw Is Saying Now
For a host of reasons, when the dollar spikes, stocks drop, and when the dollar falls, stocks soar. Right now, with dollar sentiment reaching maximum bearishness, contrarians are preparing for the next shift. If the dollar rises again, stocks could reverse.