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Asia rises on lower oil prices

Asia rises on lower oil prices SINGAPORE (Reuters) -- Shares in Asian exporters such as Honda Motor Co. Ltd. and Samsung Electronics Co. rose on Monday, as lower oil prices eased fears of higher energy costs crimping consumer spending in the key U.S. market. U.S. oil futures steadied above $58 a barrel, after slipping to a three-week low due to forecasts of milder winter weather and high crude stockpiles in the United States. The dollar recovered from a seven-week low against the yen as investors bet the worst was over for the U.S. currency, which suffered its biggest one-week loss against the yen

O2 splits Asia market under two VP-sales

O2 splits Asia market under two VP-sales British communications major O2 has shuffled its management team in the Asian region by creating two new positions for vice-president sales. Chia Eng Keat, who was O2 Asia’s vice-president (sales and distribution) has een appointed vice-president (sales) North Asia & Middle East. In his new role, his mandate will be to oversee O2’s expansion in markets covering greater China, the Indian sub-continent and the Middle East. In India, O2 is engaged in the business of smart phones with its PDA mobiles. The company has also hired John Featherstone as vice-president (sales) for South-East Asia

Toyotas Sales Soar Outside Asia

Toyotas Sales Soar Outside Asia American depositary receipts of Toyota rose $ 1.10, to $108.10, on Friday after the Japanese carmaker reported that net income jumped 39% in its fiscal first quarter on strong sales in Europe and North America Toyota Motor (nyse: TM - news - people )reported sales of 5.64 trillion yen ($49 billion), an increase of 13.2% year-over-year. The company earned 371.5 billion yen ($3.2 billion), or 115.6 yen ($1.01) per ADR. That was up from 266.9 billion yen ($2.3 billion), or 81.79 yen (7 cents) per share, a year ago. Sales were particularly strong outside of

STOCKS NEWS ASIA-Tokyo down as U.S. cools, others firmer

STOCKS NEWS ASIA-Tokyo down as U.S. cools, others firmer Fresh evidence of a slowing U.S. economy weighed on Tokyo shares on Friday but Seoul and Sydney stocks rebounded from the weeks falls as investors bought recent losers such as retailer Coles Myer (CML.AX: Quote, Profile, Research). Data on Thursday showed sales of new U.S. homes and orders for durable goods both fell more than expected in July, a day after a report showed weakness in existing home sales. Oil rose to 1- week highs above $73 a barrel as the market kept a wary eye on a tropical depression that could

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.