Mark Matthews News
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Asian stocks rose the first time in three days, with a regional gauge set for the highest close since June 2008, after U.S. consumer sentiment beat estimates and Tokyo Electric Power Co. led Japanese utilities higher.
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Shoppers in China lined up for gold this week, while in Hong Kong they rushed to buy bracelets and in India sought jewelry for weddings not set until December. The metal’s biggest price drop in three decades provoked the clamor.
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The Internal Revenue Service has taken in a total of $2.7 billion from holders of offshore bank accounts, the agency said as it announced that 12,000 taxpayers responded to the second round of a partial amnesty program.
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The best start to a year for stocks in two decades is leaving the smallest markets behind, a sign of reduced investor confidence in the least-developed economies.
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Asian stocks gained, with the regional benchmark index headed for its highest close in two weeks, on signs the U.S. jobs markets is stabilizing and Chinese manufacturing is recovering.
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Panasonic Corp. had its best week in more than two years of Tokyo trading, following its forecast for a record $10 billion loss, showing some investors are betting Japan’s biggest exporters have hit bottom.
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Asian stocks fell, with the regional benchmark index heading for a three-week low, as a drop in profit at Chinese industrial companies offset optimism policy makers around world will move to boost growth.
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Asian stocks entered a bull market yesterday after central-bank easing from the U.S. and Europe to China and Japan fueled the fastest rally in more than two years.
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The U.S. Internal Revenue Service is “seriously considering” a new partial amnesty program for taxpayers who report secret offshore bank accounts, Commissioner Douglas Shulman said today.
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General Electric Co., the biggest maker of power-generation equipment, will join with Arista Power Inc. to sell systems that store electricity for commercial customers and release it when demand is highest, helping to cut bills.
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