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Dec 7, 2012
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the quake rocked buildings as far as tokyo. all nuclear plants and refiners are operating as normal. we did see the dollar yen hit a session on -- or the yen hitting a session high. we have a little bit higher, the yen right now, 82.37. peter styles is joining us for more. >> we've had six earthquakes, decreasing in magnitude. we had the 7.3, a lot smaller than the one which devastated japan on fukushima. it's probably at least 500 times less in energy. and so we've had a sequence of 7.3, 6.2 and then going through 5.5 down to 4.8. so a cluster of earthquakes. they're relatively shallow, which means they're at the outer rim of where they're generated, which is why probably the devastation isn't enormous. and the earthquake mechanism is one which would tend to generate a tsunami. but the reports seem to suggest that it's about one meter high. perhaps a little bigger. these things vary depending on the shape of the coastline. >> what is the key determinant predicting how big a wave that you you get? >> it gets complicated because
the quake rocked buildings as far as tokyo. all nuclear plants and refiners are operating as normal. we did see the dollar yen hit a session on -- or the yen hitting a session high. we have a little bit higher, the yen right now, 82.37. peter styles is joining us for more. >> we've had six earthquakes, decreasing in magnitude. we had the 7.3, a lot smaller than the one which devastated japan on fukushima. it's probably at least 500 times less in energy. and so we've had a sequence of 7.3,...
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Dec 17, 2012
12/12
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cnbc is taking a closer look at how the new war ondy flagz is playing out in tokyo. head over to our website, krn.ckrn cnbc.com for more information there. if dwrur wondering what is in store for 2013, contributors and analysts are delivering their boldest calls for the trading year ahead. >>> if you're looking for more clues on the european outlook for next year, david jones will be here to take a look in his very own crystal ball coming up in just a few moments. >>> shares of the world's biggest cementmaker dipped to restructure its european operations. they could put charges of over 500 million francs. carolin has more out for us out of europe. >> hey, ross. let's take a look at the market reaction. initially, the reaction on the markets is quite subdued. now accelerating its declines, off by 7.1%, the second worst decliner on the market. let's come back to holcim. it is responding to the sluggish construction environment in europe and that is why it's restructuring its european operations. it is taking a $440 charge on write-offs for property plan and equipment.
cnbc is taking a closer look at how the new war ondy flagz is playing out in tokyo. head over to our website, krn.ckrn cnbc.com for more information there. if dwrur wondering what is in store for 2013, contributors and analysts are delivering their boldest calls for the trading year ahead. >>> if you're looking for more clues on the european outlook for next year, david jones will be here to take a look in his very own crystal ball coming up in just a few moments. >>> shares...
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Dec 13, 2012
12/12
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we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been
we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is...
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Dec 3, 2012
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fedex office. >>> words of caution from the bank of japan chief at forum in tokyo. the governor said central bankers need to take a long term policy perspective if they want sustainable growth. he quoted saying central banks must not look for markets to guidance and not overreact to expectations. this after the bank of japan has been the center of a heated political debate ahead of the election. a special report on how japanese lawmakers have been threatening to invoke the central bank's independence unless the 130-year-old institution does more to support growth. joining us is chief correspondent for policy at reuters. thanks for joining us. is independence under threat? is there such a thing really as an i said central bank? because surely they have to set policy in conjunction with the government. >> i think the boj's independence is important and politicians understand that, but what politicians want is more coordination and bolder steps from the boj. and these threats made by the politicians are difficult to be realized given that parliament at both houses need
fedex office. >>> words of caution from the bank of japan chief at forum in tokyo. the governor said central bankers need to take a long term policy perspective if they want sustainable growth. he quoted saying central banks must not look for markets to guidance and not overreact to expectations. this after the bank of japan has been the center of a heated political debate ahead of the election. a special report on how japanese lawmakers have been threatening to invoke the central...
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Dec 14, 2012
12/12
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that's the latest from tokyo. back to you. >> kaori enjoji following the lastest for us. >>> nike is trying to keep its corporate structure in place or lose one of its special -- president bush is seeking to hole the initial tax burden providing that investors invest $500 million over the next year and create 500 jobs. > united tech's ceo says he's hopeful congress can reach a budget deal by december 31st, but caughted the company has held off on spending over the uncertainty. united tech is down about 1.5% in frankfurt trade this morning. >>> a big block of facebook shares could hit the market today asset another lockup period expires. ceo mark zuckerberg is not included in that group and says he won't sell my more shares until next september. shares are up 40% two% now in yesterday's trade along. quick peak of the agenda today, cpi. we'll get the december market flash u.s. pmi. 15 minutes after that, it's november industrial production. >>> the dow is looking to add about 39 points at the open, a similar magnitu
that's the latest from tokyo. back to you. >> kaori enjoji following the lastest for us. >>> nike is trying to keep its corporate structure in place or lose one of its special -- president bush is seeking to hole the initial tax burden providing that investors invest $500 million over the next year and create 500 jobs. > united tech's ceo says he's hopeful congress can reach a budget deal by december 31st, but caughted the company has held off on spending over the uncertainty....
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Dec 6, 2012
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sort of tokyo territory. i mean, if you're paying 100 basis points, no one really were rows at the ecb rate. that's the point. if i would, i could, you know. >> we also have the bank of england meeting today, as well. expected to hold rates. it's more about autumn budget statement. bank stock purchases currently standing at 375 billion pounds. at the same time, the opposition party pouring cold water on osbourne's plans. we'll speak to the shadow business secretary straight after this. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on groupping at fedex office. >>> chinese equities ended mostly flat today. marginal suggests investors still hope for fresh stimulus. insurers were in focus. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into y
sort of tokyo territory. i mean, if you're paying 100 basis points, no one really were rows at the ecb rate. that's the point. if i would, i could, you know. >> we also have the bank of england meeting today, as well. expected to hold rates. it's more about autumn budget statement. bank stock purchases currently standing at 375 billion pounds. at the same time, the opposition party pouring cold water on osbourne's plans. we'll speak to the shadow business secretary straight after this....
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Dec 4, 2012
12/12
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the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss for the year ending in march. it has lost three quarters of its market value this year due to massives losses andfuling market share. since sharp significantly lost it market value, investment talks has bogged down. so the market welcomed the reports of today's deal sending sharp shares up 1% before the formal announcement after the market closed. back to you. >> okay. thank you. still to come on the show, japanese companies have been able to raise record amounts of money abroad thanks to some intimate thinking. >>> ecb says it won't be feasible for the ecb to supervise all banks that have receiv
the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss for the year...
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Dec 12, 2012
12/12
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we have the story in tokyo. >> reporter: that's right, ross. panasonic plans to sell the digital camera business of its sanio electric subsidiary to a japanese investment fund. shares up 7%. the electronics giant mired in dire straits is hammering out the final details with advantage partners to finish the deal as early as march. panasonic wants to sell all shares in sanio d.i. solutions along with its indonesian factrow for an estimate -- factory for an estimated million dollars. it manufactures digital cameras. >>> squeezed by the spread of smart iphone smarting high-quality cameras, the company has opinion struggling with shrinking sales -- been struggling with shrinking sales. panasonic has been integrating overlapping operations and shedding unprofitable businesses as part of their turnaround effort. back to you. >> thanks for that. and japan not spending enough to push the economy out of its gloom. order in october, 2.6%. smaller than expectations for a 3% jump. tokyo says its load on machinery for the first time since august. the data sp
we have the story in tokyo. >> reporter: that's right, ross. panasonic plans to sell the digital camera business of its sanio electric subsidiary to a japanese investment fund. shares up 7%. the electronics giant mired in dire straits is hammering out the final details with advantage partners to finish the deal as early as march. panasonic wants to sell all shares in sanio d.i. solutions along with its indonesian factrow for an estimate -- factory for an estimated million dollars. it...
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Dec 18, 2012
12/12
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. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> the latest numbers out of china, in the first 11 months, foreign investments led. investment from the u.s. did pick up. . on the equity front, the shanghai composite has been powering ahead up over 9% just this month. with external factors impeding economic growth, the long-term pir r picture may not be rosy. china is the only market of the year likely to end the year in the red. how is that going to impact next year? >>> buying and selling chinese stocks these days requires some spiritual guidanc
. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew....
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Dec 11, 2012
12/12
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. >> codfi electric fell 4.4% and tokyo electric fell 1.4%. this is because a panel of government-appointed exports concluded that a nuclear reactor in the western part of japan is likely sitting on an active earthquake fault. so this reactor may be the first to become shut down because of safety concerns. if there is an five fault under the reactor, it won't be able to start again. and the chief cabinet secretary cautioned more steps are needed before making the final decision. what to do with nuclear power has become a huge issue for japanese voters ahead of this weekend's election. the ldp is in favor of keeping the nuclear reactors. back to you, kelly. >> okay. japan is not the only major company facing an election. in south korea, economic stimulus and reigning in big conglomerates have rained in major concerns in that campaign. sherry change has more on this from seoul. hi, sherry. >> hi, kelly, theater. the debate was on economic policies this time and the two major candidates ruling conservative party and main opposition parties, both
. >> codfi electric fell 4.4% and tokyo electric fell 1.4%. this is because a panel of government-appointed exports concluded that a nuclear reactor in the western part of japan is likely sitting on an active earthquake fault. so this reactor may be the first to become shut down because of safety concerns. if there is an five fault under the reactor, it won't be able to start again. and the chief cabinet secretary cautioned more steps are needed before making the final decision. what to...
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Dec 19, 2012
12/12
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we have more from the nikkei, live from tokyo. >> reporter: hi, kelly. japan's trade deficit widened the most in ten months in november. last month japan recorded an 11.4 billion dollar trade gap after exports dropped 4% on the strong yen and weak global demand. shipments to china slipped 14.5% hurt by the mainland's growth pullback and anti-japan sentiments there which muted the demand for japanese goods. there were bright spots. car exports to the u.s. grew which meant that in november japanese trade to the -- japan's trade to the u.s. was bigger than trade to china. still, the overall weak numbers play into the hand of incoming prime minister ibe. he is likely to push the fwoj stimulate growth. the central bank will announce its latest policy decision tomorrow. back to you. >> okay. thank you very much for that. >>> now samsung electronics has decided to quit its lawsuit aimed at halting the sale of apple's products in europe. this decision comes just one day after the south korean tech giant scored a victory in one of its patent battles with apple in
we have more from the nikkei, live from tokyo. >> reporter: hi, kelly. japan's trade deficit widened the most in ten months in november. last month japan recorded an 11.4 billion dollar trade gap after exports dropped 4% on the strong yen and weak global demand. shipments to china slipped 14.5% hurt by the mainland's growth pullback and anti-japan sentiments there which muted the demand for japanese goods. there were bright spots. car exports to the u.s. grew which meant that in november...
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Dec 10, 2012
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. >>> as our tokyo bureau chief says, the nebs aren't necessarily quite as bad as they seem suggesting japan is back in recession. >> this is a very, very technical figure. april to june, the contraction is very small. it's been revised down towards to 0.03%. when you take that with the economic performance in the following quarter, a negative growth of 0.9% technically it is in a recession, but i think what most economists want to know is what is happening in the current quarter. and that, a recession, is likely to be deemed a lot more severe than that, given the slowdown in exports with the ongoing european sovereign debt crisis and, of course, the u.s. economy and the broader global economy. but this kind of economic data has been virtually ignored over the last two or three weeks in particular in the run up to december 16th. but it highlights the fact and the reason why the economy is the focus for the december 16th election. private consumption, which stooud constitutes about 60% of japanese economic activity is showing signs of stability and some patches of strength. so that coul
. >>> as our tokyo bureau chief says, the nebs aren't necessarily quite as bad as they seem suggesting japan is back in recession. >> this is a very, very technical figure. april to june, the contraction is very small. it's been revised down towards to 0.03%. when you take that with the economic performance in the following quarter, a negative growth of 0.9% technically it is in a recession, but i think what most economists want to know is what is happening in the current...
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Dec 5, 2012
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we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business of entertainment in asia, it's big. going to get even bigger. we'll talk to one hollywood heavyweigh
we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that...