February 1, 2007 |
The New York Stock Exchange and the Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets. The broad, nonexclusive agreement announced by NYSE Chief Executive John Thain and TSE President Taizo Nishimuro allows the two stock markets to cooperate on joint developments such as financial products, mutual listings and technology.
January 23, 2006 |
The Tokyo Stock Exchange said Sunday that it would immediately boost trading capacity but would keep shortened trading sessions after a flood of orders forced it to curtail trading Wednesday. Meanwhile, share prices in Japan and most other major Asian markets were down more than 1% early today as last week's sell-off resumed. News that Tokyo-based Internet firm Livedoor Co.
January 20, 2006 |
Japanese government officials Thursday sharply criticized the Tokyo Stock Exchange for its inability to cope with a surge of stock sales triggered by an investigation of a popular Internet company's financial dealings. "A stock exchange that can't carry on trading simply doesn't deserve to exist," Economy Minister Kaoru Yosano said in a nationally televised news conference. "The exchange should make it a top priority to bring business back to normal."
January 19, 2006 |
The apparent suicide of a 38-year-old Japanese venture capitalist has added a sinister aura to the investigation into the dealings of Takafumi Horie, the brash Internet entrepreneur at the center of a drama that has roiled stock markets. The body of Hideaki Naguchi, a former executive with Horie's multibillion-dollar Livedoor Co. online media services empire, was discovered Wednesday night in a business hotel in Naha, Okinawa, 1,000 miles south of Tokyo.
January 18, 2006 |
Spooked by a police probe into one of Japan's best-known Internet entrepreneurs, investors swamped the Tokyo Stock Exchange with sell orders today, driving the market down and forcing the world's second-largest exchange into an embarrassing early close. The exchange's woes and the massive market drop rekindled questions about the durability of Japan's economic recovery, which had enjoyed a giddy run-up in stock values over the last several months.
December 14, 2005 |
It began as a stock trader's nightmare, an error caused by a momentary lapse in concentration perhaps, or a clumsy bit of typing that led to a $331-million loss. It has since tarnished the reputation of the world's second-biggest stock exchange and exposed cracks in its electronic trading system. The president of the Tokyo Stock Exchange has said he may resign over the fiasco.