Japan

Toshiba stock listing status downgraded, deeper losses flagged

Toshiba stock listing status downgraded, deeper losses flagged

Published 23/06/2017

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

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Dollar dips as traders await signals on more Fed hikes

Dollar dips as traders await signals on more Fed hikes

Published 23/06/2017

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data.

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As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

Published 23/06/2017

FILE PHOTO: India's Prime Minister Narendra Modi addresses a gathering after he inaugurated Kochi Metro at a stadium in Kochi, India, June 17, 2017. REUTERS/Sivaram V/File Photo

The United States is expected to authorize India's purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian Prime Minister Narendra Modi to try to revitalize ties in his first meeting with President Donald Trump.

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BOJ June Tankan set to show improved business confidence- CPI seen rising

BOJ June Tankan set to show improved business confidence- CPI seen rising

Published 23/06/2017

A man looks at a mobile phone in front of the Bank of Japan building in Tokyo, Japan June 16, 2017. REUTERS/Toru Hanai

Japanese big manufacturers' confidence is expected to have improved for a third straight quarter in June to match the peak seen two years ago, but may recede in the coming quarter on uncertainty around conditions overseas.

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China, India, Japan hamper Asia oil demand growth, efforts to balance market

China, India, Japan hamper Asia oil demand growth, efforts to balance market

Published 23/06/2017

FILE PHOTO: Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su/File Photo

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.

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North Korea tests rocket engine, possibly for ICBM: U.S. officials

North Korea tests rocket engine, possibly for ICBM: U.S. officials

Published 23/06/2017

A North Korean flag is pictured at its embassy in Beijing January 6, 2016. REUTERS/Kim Kyung-Hoon

North Korea has carried out another test of a rocket engine that the United States believes could be part of its program to develop an intercontinental ballistic missile, a U.S. official told Reuters on Thursday.

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Oil edges up, but still set for worst first-half performance in 20 years

Oil edges up, but still set for worst first-half performance in 20 years

Published 23/06/2017

A diesel oil pump is seen at a bus terminal in Vienna, Austria May 31, 2017. REUTERS/Heinz-Peter Bader

Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts.

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Toshiba estimates bigger loss for past year on Westinghouse, lawsuits

Toshiba estimates bigger loss for past year on Westinghouse, lawsuits

Published 23/06/2017

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to potential legal damages over a $1.3 billion accounting scandal as well as an increase in liabilities at its now-bankrupt U.S. nuclear unit.

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India sends 31 satellites into space, some for foreign customers

India sends 31 satellites into space, some for foreign customers

Published 23/06/2017

India's Polar Satellite Launch Vehicle (PSLV) C38, carrying Cartosat-2 and 30 other satellites, lifts off from the Satish Dhawan Space Centre in Sriharikota, India, June 23, 2017. REUTERS/P. Ravikumar

India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries looking for high resolution earth images, underlining its strength as a low-cost provider of services in space.

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Asian shares flat, stay on track for a winning week

Asian shares flat, stay on track for a winning week

Published 23/06/2017

A stock quotation board displaying Japan's Nikkei average is seen before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. REUTERS/Toru Hanai

Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

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