08:31 Hong Kong's H-share index down 0.1% at 11,674.21 MarketWatch
08:31 Shanghai Composite rises 0.5% to 2,450.99 MarketWatch
08:30 Hong Kong's Hang Seng Index down 0.1% at 21,381.66 MarketWatch
Last Update: 2/26/2012 7:14:00 PM
LOS ANGELES (MarketWatch) -- Japanese stocks enjoyed a strong open Monday, as weakness in the yen helped lift many blue-chip exporters, sending the Nikkei Stock Average up 0.8% to 9,719.45, and the Topix also up 0.8%. With the U.S. dollar at ¥81.43 up from around ¥80 Friday in East Asian trade, Japan's top tech and car-maker shares rallied. Sony Corp. surged 4.1%, Toshiba Corp. gained 2.9%, and Elpida Memory Inc. added 2.1%. Among the auto stocks, Honda Motor Co. gained 3.2%, Subaru maker Fuji Heavy Industries Ltd. improved by 3.7%, and Mazda Motor Corp. -- with a large European exposure -- gained 2.9% as the euro rose above ¥109.
Last Update: 2/26/2012 7:25:00 PM
SYDNEY (MarketWatch) -- Australian Prime Minister Julia Gillard defeated her predecessor Kevin Rudd in a leadership ballot on Monday, confirming her position as leader of the ruling Labor party and prime minister. Gillard won the vote of her party colleagues 71 to 31. Rudd was deposed in a party coup that brought Gillard to power, and he was later installed as foreign minister in 2010. He resigned as foreign minister last week in a move which cleared the way for the leadership challenge.
Last Update: 2/26/2012 5:35:00 PM
SYDNEY (MarketWatch) -- The Group of 20 said Sunday that the euro zone will consider increasing the size of the region's bailout fund next month, according to reports following a meeting of the group in Mexico. Should the euro zone give approval for the increase, that would in turn mean that other members of the Group of 20 would consider increasing the resources available to the International Monetary Fund, the reports said. Those resources could take the form of bilateral loans and note purchase deals, according to the reports.
Last Update: 2/26/2012 12:00:00 PM
Warren Buffett has said that if you look around the poker table and you can’t spot the patsy, you’re it. In that spirit, another famed investor, Jeremy Grantham, is trying to deal investors a better hand.
Last Update: 2/26/2012 6:52:00 PM
Jobs and growth are blossoming in Australia’s liquefied natural gas industry, but the latest wave of resource riches mask a sharp slowdown in other sectors of this two-speed economy, while risks to the iconic Great Barrier Reef frustrate the multi-billion dollar developments.
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