Sunday, October 3, 2010

A.M. Asia

Tokyo woke to a sunny morning with a light breeze.The Bank of Japan will begin a two day meeting there.It is expected to expand a low interest loan facility.There are 30 trillion yen available for the economy-boosting attempt.
The 19th Commonwealth Games have been opened in Delhi by Prince Charles.The eleven-day event will feature athletes from 71 countries and territories with a British inheritance.A big fireworks display capped off the showcase of Indian history and culture that initiated the games.India was sharply criticized for not preparing for the games adequately.Poor accommodations,infrastructure and security were cited by the critics.
Chinese initial public offerings have been doing well on the U.S. market.Shares of Chinacache International,an Internet content firm;as well as SouFun Holdings,a property website;and restaurant chain Country Style Cooking have appreciated significantly.
The week began with stocks gaining about 0.40 on the New Zealand market.

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