Kyodo news summary -1-
Friday, October 01, 2021 6:53 PM

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TOKYO, Oct. 1, 2010 (Kyodo News International) -- ----------
APEC to discuss growth of small, midsize companies

GIFU, Japan - Ministers and senior officials in charge of small and medium-sized enterprises from Pacific Rim economies will gather in the central Japanese city of Gifu on Saturday to explore avenues for helping such companies expand globally.

At the end of a two-day meeting, representatives from the 21-member Asia-Pacific Economic Cooperation forum plan to release a joint statement on enhancing growth of small and medium-sized enterprises in the medium to long terms.

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September new car sales in U.S. rebound with sizable 28.5% rise

NEW YORK - New car sales in the United States rebounded sharply in September, with many major automakers posting double-digit yearly increases, a U.S. research firm said Friday.

Overall new car sales in the U.S. market totaled 958,966 units in the reporting month, jumping 28.5 percent from a year earlier, when sales plunged following the end of a government rebate program aimed at promoting fuel-efficient vehicles, according to Autodata Corp.

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Campbell to visit Japan on Wednesday: State Department

WASHINGTON - U.S. Assistant Secretary of State for East Asian and Pacific Affairs Kurt Campbell will visit Japan on Wednesday prior to his trip to South Korea the next day, the State Department said Friday.

Campbell, the top U.S. diplomat in charge of U.S. diplomacy toward East Asia, is expected to discuss the situation in North Korea and other bilateral and regional issues when he meets with Japanese and South Korean officials.

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N.Y. stocks rebound on favorable economic data

NEW YORK - New York stocks rebounded Friday on favorable economic data in China as well as in the United States.

The 30-issue Dow Jones Industrial Average, which lost 47.23 points Thursday, gained 41.63 points to finish at 10,829.68.

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Dollar falls to lower 83 yen, hits 8-month low against euro in N.Y.

NEW YORK - The U.S. dollar dropped to the lower 83 yen level and hit an eight-month low against the euro in New York on Friday amid persistent speculation about further U.S. credit easing.

At 5 p.m., the dollar changed hands at 83.17-27 yen, compared with 83.33-34 yen in Tokyo at 5 p.m. Friday. The euro fetched $1.3786-3796 and 114.73-83 yen versus $1.3679-3681 and 113.99-114.03 yen late Friday in Tokyo.

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Crude oil futures hit 2-month closing high at $81 level

NEW YORK - Crude oil futures continued advancing Friday to register a two-month closing high at the $81 per barrel level in New York on growing expectations of higher demand for energy amid optimism over the global economy.

The key November-delivery futures for West Texas Intermediate crude climbed $1.61 from the previous day to $81.58 per barrel on the New York Mercantile Exchange, the highest closing level since early August.

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Gold futures close at new high above $1,317

NEW YORK - Gold futures set a record closing high Friday in New York to end above $1,317 an ounce for the first time.

Gold futures for December delivery jumped $8.20 from the previous day to close at $1,317.80 an ounce on the New York Mercantile Exchange, after briefly soaring to $1,322.00.

 

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Market news:

  • Obama promotes clean energy; GOP hits Dem spending Oct 02, 2021 10:20 PM

    • WASHINGTON - Wind, solar and other clean energy technologies produce jobs and are essential for the country's environment and economy, President Barack Obama said in promoting his administration's efforts.
    • The president used his weekly radio and Internet address Saturday, a month away from congressional elections, to charge Republicans with wanting to scrap incentives for such projects.
    • "With projects like this one and others across this country, we are staking our claim to continued leadership in the new global economy," Obama said.
      • Free speech cases top Supreme Court docket Oct 02, 2021 09:54 PM

        • WASHINGTON - First Amendment cases top the Supreme Court's docket as it begins a new term with a new justice and three women on the bench for the first time.
        • These cases worry free speech advocates, who fear the court could limit First Amendment freedoms.
        • Under Chief Justice John Roberts, marking his fifth anniversary on the court, and with the replacement of Justice Sandra Day O'Connor by Justice Samuel Alito, the court has been more sympathetic to arguments that blur the line between government and religion, as long as one religion is not favored over another.
          • Details emerge on no-tax California budget pact Oct 02, 2021 09:53 PM

            • SACRAMENTO, Calif. - After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit.
            • Details of the agreement between Gov. Arnold Schwarzenegger and legislative leaders began emerging Saturday ahead of a vote by rank-and-file lawmakers planned for Thursday.
            • Senate President Pro Tem Darrell Steinberg, D-Sacramento, said last week that the leaders turned to some "creative" bookkeeping after Republicans refused to raise taxes and Democrats rejected deeper budget cuts.
              • GOP's Whitman blames opponent for housekeeper flap Oct 02, 2021 09:49 PM

                • FRESNO, Calif. - GOP gubernatorial candidate Meg Whitman accused Democratic rival Jerry Brown on Saturday of orchestrating a scandal over her former illegal immigrant housekeeper, a charge that prompted Brown to fire back and say Whitman won't take responsibility and is not fit to be governor.
                • The issue dominated the candidates' second debate, held in one of the most economically distressed regions of the state, after a week that has upended Whitman's campaign.
                • "The real tragedy here is Nicky.
                  • US to tell US citizens to be vigilant in Europe Oct 02, 2021 09:22 PM

                    • WASHINGTON - The Obama administration will warn U.S. citizens to be vigilant as they travel in Europe, providing updated guidance prompted by al-Qaida threats, American and European officials told The Associated Press on Saturday.
                    • The State Department will issue a "travel alert" for Europe on Sunday morning that advises Americans to stay vigilant on the continent because of threat information, senior U.S. officials told the AP.
                    • European and U.S. officials have not identified any specific targets that terrorists might be considering, the official said.

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