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The falling dollar sets a test for Asia and Europe

The falling dollar sets a test for Asia and Europe RECENT statements by the Group of Seven (G-7) industrial nations and the International Monetary Fund (IMF) underscore the growing pressure to reduce the massive US international deficit. Doing so will require both a higher national saving rate in the United States and a more competitive value for the dollar. Neither alone would be sufficient. The US current account deficit reached an annual rate of $900bn (£480bn) at the end of last year, an amount equal to 7.0 per cent of gross domestic product. This enormous imbalance reflects the fact that US

Village sets its sights on Asia

Village sets its sights on Asia VILLAGE Roadshow has restructured its theme park joint venture with Warner Bros. Under the deal, Village Roadshow will acquire the assets of their Gold Coast business for $254 million but keep the Hollywood movie studios branding on the properties in return for a fee. The partners have also mentioned the possibility of extending the theme park venture to Asia. The deal will give Village Roadshow, which is also involved in film production in the US with Warner, full control of properties including Warner Bros Movie World, Sea World and a half ownership of Sea World Nara Hotel. More: smh.com.au

Around Asia’s markets: Exporters swagger as the dollar rebounds

Around Asia's markets: Exporters swagger as the dollar rebounds Shares of automakers and technology companies may be among the best performers in Asia this quarter as they reap benefits from a rising U.S. dollar. "A stronger dollar is going to feed into exporters' earnings, and that's one theme that investors are chasing now," said Isaho Nakasho. He is seeking to add auto shares to the Asian stocks he manages for Fuji Investment Management in Tokyo. The dollar has risen as much as 4.7 percent this quarter against Asian currencies, including the yen, which fell to a 27-month low against the U.S.

Dollar Flat Against Yen in Asia

Dollar Flat Against Yen in Asia The dollar was flat against the yen in Asia Tuesday after overnight data showed that U.S. sales of existing homes fell for a fifth consecutive month in August, further indications of a slowdown. The U.S. dollar was trading at 116.50 yen on the Tokyo foreign exchange market at 3 p.m. (0600 GMT) Tuesday, edging up from 116.48 yen from late Monday in New York. The euro fell to US$1.2750 from US$1.2757. U.S. investment banks and overseas hedge funds sold the dollar to as low as 116.26 yen in early trading, but aggressive buying interest from Japanese

Mixed 2006 start in Asia

Mixed 2006 start in Asia Korean stocks gain 0.7%, but Taiwan index is 1.3% lower in year's 1st session; Japan markets closed. If the first day of trade in 2006 is a harbinger in Asia, expect a year of growing political tension, worsening inflation and volatile markets that continue on an upward march - but perhaps not the rocket- like path seen in the latter half of 2005. In the first day of trading in the new year, shares in Korea and Taiwan, the only two major regional markets open Monday, moved in opposite directions in an otherwise thinly-traded session. Japanese markets were closed