Japan's Topix index closed at a six-year high as the yen tumbled after the Federal Reserve raised its estimates for interest rates.
FILE - In this Aug. 27, 2014 file photo, a chef walks in the headquarter campus of Alibaba Group in Hangzhou in eastern China's Zhejiang province.
May 1, 2014: Fred Hochberg, chairman and president of the Export-Import Bank of the United States, tours a Conroe facility where Applied Machinery Corp.
Investment guru Jim Rogers seems not to have lost his touch. Interviewed by a Nihon Keizai Shimbun blogger this week, the 72 year old now Singapore resident spoke of having made a 180 degree change in this investment strategy.
Mario Draghi, president of the European Central Bank, has warned of a deflationary spiral of falling prices and household postponing spending.