The Nikkei average briefly fell below 13,000 on the Tokyo Stock Exchange Friday morning, weighed down by a spike in oil prices and worries about the U.S. financial sector. At the morning close, the 225-issue Nikkei average stood down 55.41
Aderans Holdings Co. said Friday that it has requested its top shareholder, Steel Partners Japan Strategic Fund (Offshore) LP, to hand over the profit gained from short-term trading of Aderans shares. The Japanese wig maker group will post the profit,
U.S. Apple Inc.'s next-generation iPhone mobile handset made its strong Japanese market debut Friday morning, with more than 1,500 customers making a long line from the night before in front of the first store to sell the cool gadget in
Japan Airlines is planning to abolish some flights between Japan and the two East Asian countries of China and South Korea by March 2009, it was learned Friday. JAL is considering reducing flight services in light of soaring fuel costs
Major Japanese oil distributor Idemitsu Kosan Co. said Friday that it will raise wholesale prices of gasoline and other petroleum products by 4.4 yen per liter on Wednesday. The hike appears to further push up pump prices, which currently average
Mitsubishi Heavy Industries Ltd. said Thursday that it has received gas turbine orders from Qatar and Saudi Arabia. The orders are estimated to be worth about 70 billion yen, according to industry sources. Mitsubishi Heavy did not disclose the value
The benchmark Nikkei average posted modest gains on the Tokyo Stock Exchange Thursday as the strength of the banking sector spurred buybacks by short-term players. The 225-issue Nikkei ended up 15.08 points from Wednesday at 13,067.21. It gained 19.03 points
Foreign investors remained net sellers of Japanese stocks for the second straight week last week, a Tokyo Stock Exchange report showed Thursday. Foreigners posted net selling of 99,163 million yen last week, against the prior week's selling excess of 289,212
Japan's Financial Services Agency plans to issue business improvement orders to three Japanese banks recapitalized with public funds, including Aozora Bank , informed sources said Thursday. The orders will urge the three banks to improve earnings following their failure to
