News Headline Summary
Japanese PM Noda stands poised to dissolve the lower house Friday, setting the nation on course to the first general election since his ruling Democratic Party of Japan took power in 2009
- In a Diet debate Wednesday, Noda took the unusual step of naming a date to dissolve the lower house. The opposition Liberal Democratic Party agreed to his terms: cooperation in passing key legislation.
- Later, senior government and DPJ officials agreed on a plan to hold elections Dec. 16. Campaigning will officially begin Dec. 4.
Full article: http://e.nikkei.com/e/fr/tnks/Nni20121114D1411F01.htm
- Note, the ruling party is likely to lose majority to the main opposition leader Abe who is known for his pro-monetary easing stance. Hence the softening of the JPY in recent trade.
- Noda's approval rating in recent polls has been at its all time lowest levels.
23:13, 14 Nov 2012 -
23:12, 15 Nov 2012
China may let let individuals invest in OTC markets, according to China Securities Journal
23:10, 15 Nov 2012
Kirin Holdings Co. (2503 JT) said Thursday it will join hands with Indonesia's real estate firm Overseas Union Enterprise Ltd. to try to acquire Fraser and Neave Ltd., in a showdown with a rival bid from a major Thai group
23:08, 15 Nov 2012
Many Chinese cities are ready for property tax trial, according to China Securities Journal
23:07, 15 Nov 2012
Panasonic (6752 JT) is to sell Itron smart meters, according to Nikkei
23:07, 15 Nov 2012
Honda (7267 JP) American unit is recalling portable generators due to a fire and burn hazard affecting approx. 150,600 units
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis