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
23:08, 15 Nov 2012
Many Chinese cities are ready for property tax trial, according to China Securities Journal
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
23:04, 15 Nov 2012
NKSJ Holdings (8630 JT) plans to cut a total of 5,000 jobs, or 17% of employees, at its Sompo Japan and Nipponkoa Insurance units over three years through fiscal 2015, according to Mainichi
22:25, 15 Nov 2012
ADM needs to lift its GrainCorp (GNC AT) offer to gain control, according to analysts at RBS, who add that GrainCorp could fetch AUD 13.97 - AUD 14.33/shr
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