Nikkei 225 slightly higher

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Source: Marketwatch
On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up 2.1% while Seven and I Holdings Co. rose 2.3%.
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 12:46:20 GMT

Hang Seng Index remains bullish

Hong Kong's Hang Seng Index extended modest gains on Friday and closed at 19,040.39 adding 0.2% or 38.13 points. Banks listed in Hong Kong helped to improve the index. Bank of China Ltd. advanced 4.5%, China Merchants Bank Co traded up 2%, while HSBC Holdings PLC surged 1.6%. At the downside, stocks of footwear producer Belle International Holdings Ltd. plunged 6.6% after CDH Investments reported it

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