Archive for April 7th, 2008

Shirakawa to be nominated as Japan’s new central bank chief

Monday, April 7th, 2008

The Japanese government is expected to nominate Masaaki Shirakawa, acting governor of the Bank of Japan (BOJ), as the central bank's new chief late Monday. Meanwhile, Hiroshi Watanabe, a former vice finance minister for internationa ...

Tokyo stocks up in morning

Monday, April 7th, 2008

Tokyo stocks rose slightly on Monday morning. The 225-issue Nikkei Stock Average gained 57.17 points, or 0.43 percent, from Friday to 13,350.39. The broader Topix index of all First Section issues on the Tokyo Stock Exchange ...

UBS plan to replenish capital propels Europe shares to immense rise

Monday, April 7th, 2008

European stocks had their biggest weekly advance in a year as UBS AG's plan to replenish its capital fueled speculation financial companies will weather credit-market losses. UBS, the region's largest bank by assets, rallied the most ...

Jury: Microsoft infringed patents

Monday, April 7th, 2008

Microsoft Corp, the world's biggest software maker, was told to pay 368 million U.S. dollars after a jury found it infringed two patents owned by Alcatel-Lucent SA for touch-screen form entry and use of a stylus on computers. Alcatel ...

JPMorgan to retain top talent

Monday, April 7th, 2008

JPMorgan Chase & Co plans to keep the co-heads of fixed income at Bear Stearns Cos, the first senior posts given to executives from the failed New York securities firm since its rescue three weeks ago. Bear Stearns's Jeff Mayer and C ...

Inter-Korean trade doubled in 1st quarter

Monday, April 7th, 2008

The trade volume between South Korea and the Democratic People's Republic of Korea (DPRK) in the first quarter of this year doubled from a year earlier, a South Korean government report said Monday. According to the Unification Mini ...

Dollar trades at upper 101 yen in Tokyo

Monday, April 7th, 2008

The U.S. dollar traded at the upper 101 yen level early Monday in Tokyo. At 9 a.m., the dollar was quoted at 101.60-65 yen compared with101.43-53 yen at 5 p.m. Friday in New York and 102.30-33 yen in Tokyo late Friday. The ...

Who says drinking lots of water is healthy?

Monday, April 7th, 2008

Someone, somewhere said drinking a lot of water is a healthy habit, but evidence to back up the claim is weak, according to a new scientific review published in the Journal of the American Society of Nephrology. "There is what I cal ...