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Asia Roundup: Marts end on weaker note

Asia Roundup: Marts end on weaker note HONG KONG: Asian markets closed mostly lower yesterday as investors took profits on Thursdays sharp gains after a volatile week marked by high oil prices and escalating violence in the Middle East, dealers said. TOKYO: Shares fell for the first day in three as a pullback on Wall Street overnight prompted investors to lock in some of the sharp gains posted Thursday, dealers said. The Nikkei-225 index declined 125.58 points at 14,821.26. SEOUL: Prices closed 0.15 per cent lower, slipping back after Thursdays sharp gains following a weaker Wall Street performance overnight, dealers said. The

Asia Roundup: Stocks continue sharp falls

Asia Roundup: Stocks continue sharp falls HONG KONG: Asian stocks continued their sharp decline yesterday with sentiment turning increasingly negative on the short-term outlook amid tumbling commodity prices and volatile trade on Wall Street. Investors desperately looking for clear direction only got more confusion from very mixed US housing and durable goods data overnight, adding to the uncertainty on future interest rate trends in the United States. TOKYO: Share prices closed down 1.34 per cent as foreign investors pulled out funds on worries about higher US interest rates and recent falls in commodities prices. The Nikkei-225 index fell 213.45 points to 15,693.75. Volume

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

Fears for U.S. sales hit shares

Fears for U.S. sales hit shares Asian stocks slid Tuesday, reflecting concern that holiday sales in the United States for companies like Sony and Samsung Electronics are likely to suffer as shoppers turn to discount chains. "Expectations for the holiday shopping season have been pretty high," said Soichiro Monji, senior strategist at Daiwa SB Investments in Tokyo, "but actual sales seem to have fallen a bit short, which is hurting shares." The Morgan Stanley Capital International Asia-Pacific Index fell 0.3 percent to 115.31 points in Tokyo, pulled down by technology and consumer goods companies. It closed Monday at its highest