Nikkei nearly flat as TDK up but banks fall

Friday, August 3, 2007, 13:07 [IST]

TOKYO, Aug 3 (Reuters) Japan's Nikkei average ended almost flat on Friday as cellphone makers such as TDK Corp. rose following industry leader Nokia's upbeat earnings results.

But bank shares extended gains on renewed concern about the fallout from the U.S. subprime loan problems after news that American Home Mortgage Investment Corp plans to close most operations on Friday, becoming one of the biggest casualties of the U.S. housing downturn.

The Nikkei ended the day down 0.03 percent or 4.25 points at 16,979.86.

The broader TOPIX index added 0.19 percent to 1,672.54.

REUTERS SBA GC1226

Other articles published on August 3, 2007

Pak court orders jailed Musharraf critic freed

Friday, August 3, 2007,13:08 [IST]

Islamabad, Aug 3: Pakistan's Supreme Court ordered today the release of a firebrand opposition leader sentenced to life in jail for defaming the army, in another setback to embattled President General Pervez Musharraf. The decision for the release of Makhdoom Javed Hashmi, de facto leader of the opposition Pakistan Muslim League led by exiled former Prime Minister Nawaz Sharif, came a day after Sharif petitioned the court seeking his return to country. ''The sentence.....

Thaksin defends Man City takeover money

Friday, August 3, 2007,13:08 [IST]

BANGKOK, Aug 3 (Reuters) Ousted Thai Prime Minister Thaksin Shinawatra says the money he used to buy English Premier League club Manchester City was legitimate, denouncing Thai accusations to the contrary as politically motivated. ''The money I had came from the sale of the assets of my own family's companies, from nowhere else, only this,'' Thaksin told the Manchester City Web site (ww.mcfc.co.uk) in a web cast interview heard by Reuters today. ''So the allegations in.....

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Hostility thing of the past, says AFC President

Friday, August 3, 2007,13:08 [IST]

Bangkok, Aug 3 : Asia's top soccer official says he expects to see harmony between the Asian Football Confederation (AFC) and European clubs, despite a recent spat over Manchester United's pre-season tour of the continent. AFC President Mohamed Bin Hammam said the heated dispute, which erupted when the Red Devils booked their tour at the same time as the Asian Cup, was a thing of the past. ''We now have a better understanding with European clubs and European leagues,'' Bin Hammam told broadcaster.....

Eicher Motors sales up 9 per cent in July

Friday, August 3, 2007,14:03 [IST]

New Delhi, Aug 3: Truck maker Eicher Motors Ltd today said it sold 2,363 comercial vehicles (CV) in July, registering a growth of nine per cent. The company's domestic sales increased by 12 per cent to 2,234 units. It's exports fell 22 per cent to 129 units, a company statement said. ''Our growth was across the product range a growth of 12 per cent in L/MCV and 11 per cent in HCV's. These include a 41.....

Accentia Tech secures 2.1 mn euro order

Friday, August 3, 2007,14:03 [IST]

New Delhi, Aug 3: Accentia Technologies Ltd today bagged a 2.1 million euros order for its hospital process management software in the UK. ''The initial success of the Hospital Process Management Suite is a major even for our company as getting kick-started in this products field in European Region was our aim and goal,'' company's Director and CEO Pradeep Suseela Viswambharan said in a statement. With this success the company will further increase its.....