Asian Shares Cautious Ahead of China Data
Asian markets were mixed early on Friday ahead of more economic data out of China.
Australia's RBA Ups 2012 GDP Forecast To 3.5%
The Reserve Bank of Australia Friday raised its 2012 gross domestic product forecast, citing stronger-than-expected growth in the first part of the year.
Peru's Central Bank Leaves Reference Interest Rate at 4.25%
LIMA, Peru--The Central Reserve Bank of Peru's board of directors Thursday left the reference interest rate unchanged at 4.25%, a decision that was widely expected by private-sector economists.
Hong Kong Stocks Drop, With Li & Fung Plummeting
Hong Kong shares declined early Friday, with Chinese resource stocks and financials in retreat on caution ahead of key monthly trade data, and Li & Fung Ltd. plunging more than 20% after its disappointing results.
U.S. Won't Charge Goldman Sachs On Mortgages: WSJ
The U.S. Justice Department has decided not to bring charges against Goldman Sachs Group Inc. or its employees for fraud related to the mortgage crisis, The Wall Street Journal reported late Thursday, citing a government statement.
Renault Samsung Motors: To Offer Voluntary Retirement to Some Employees
Renault Samsung Motors Corp. said Friday it will offer voluntary retirement to some employees as sharp declines in sales continued to squeeze its margins since last year due to lack of models.
Taiwan Central Bank Head Urges Government To Help HTC -Report
Taipei--Taiwan's central bank governor Thursday urged the government to help HTC (2498.TW), saying the struggling local smartphone maker's fiscal health is of vital importance to the island's gross domestic product, the Commercial Times reported Friday.
Nvidia Partnering With Lenovo on Windows RT Device - Sources
Nvidia Corp. (NVDA) will supply chips to Lenovo Group Ltd. (LNVGY, 0992.HK) on a device running Microsoft Corp.'s (MSFT) Windows RT operating system, people familiar with the matter said, giving Nvidia another partner in its push into mobile devices.
Australian Stocks Move Fractionally Higher
Australian shares traded marginally higher on Friday, with the benchmark S&P/ASX 200 index at 4,309.50.
Japan Stocks Fall After Recent Advance; Yen Weighs
Japanese stocks pulled back in early Friday trade after posting sizeable gains earlier in the week, as the Nikkei Stock Average fell 0.5% to 8,936.00, and the broader Topix lost 0.3%.