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Asia AXJO Business rates U.S. 

Asia shares hit 2008 highs, dollar in decline on Fed inflation view

July 27, 2017 By Wayne Cole SYDNEY (Reuters) – Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve’s confidence on inflation that promised to keep U.S. interest rates low for longer. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.5 percent to heights not seen since January 2008. It has gained nearly 5 percent so far this month. South Korea added 0.6 percent and Australia 0.2 percent, while Japan’s Nikkei was kept flat by a firmer…

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Asia Business policy rates U.S. 

Asia stocks inch up, dollar steadies as investors await Fed clues

July 26, 2017 By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks edged up early on Wednesday after Wall Street indexes notched record highs, while the dollar was steady as investors awaited the Federal Reserve’s policy decision later in the day for more clues on its tightening plans. The Fed concludes a two-day meeting later on Wednesday, and is widely expected to keep interest rates unchanged. With a rate hike not in the picture this time, the focus will be on the Fed’s statement, with markets looking for signs of when…

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Asia Business PMI Russian officials U.S. 

Cautious Fed bets keep dollar glum, stocks strong

July 25, 2017 By Marc Jones LONDON (Reuters) – The dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued U.S. inflation and political strains in Washington would limit Federal Reserve interest rate moves for the rest of the year. The Fed starts a two-day meeting later in the day to discuss its monetary stance and the timing of its long-awaited balance sheet reduction, a plan most likely to be detailed in September. There is a growing sense that it will…

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Africa Asia Entertainment Justin Bieber Top News tour 

Justin Bieber cancels rest of ‘Purpose’ tour without explanation

July 24, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – Pop singer Justin Bieber on Monday canceled the remainder of his “Purpose” world tour citing “unforeseen circumstances” but gave no specific reasons. The cancellation will affect 14 dates in North America and Asia through Oct. 10. Ticket holders will get refunds. “Justin loves his fans and hates to disappoint them,” his tour publicist said in a statement. “… However, after careful consideration he has decided he will not be performing any further dates.” Bieber, 23, made no comments on his…

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Asia BOJ Business policy U.S. 

Asia stocks hit near-decade high, yen slips as BOJ cuts inflation forecast

July 20, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian shares scaled a near-decade peak on Thursday, bolstered by a surge in global stocks to new records on strong U.S. corporate earnings, while the yen eased slightly after the Bank of Japan reinforced expectations it will lag other central banks in dialing back stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007. Australian stocks rose 0.6 percent and South Korea’s KOSPI was up 0.1 percent. Chinese blue chips advanced…

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Asia BOJ Business policy U.S. 

Asia stocks hit 9-1/2-year high, markets await BOJ, ECB meetings

July 20, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian shares scaled near-decade peak on Thursday, bolstered by a surge in global stocks to a record high on strong U.S. corporate earnings, while investors awaited the Japanese and European central bank meetings for clues on their policy outlooks. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007. Japan’s Nikkei gained 0.1 percent. Australian stocks rose 0.3 percent and South Korea’s KOSPI advanced 0.15 percent. The MSCI World index rose for…

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Asia Business OANDA policy U.S. 

Asia shares advance on strong China GDP, cautious Fed view

July 17, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks hit a two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lackluster U.S. data will keep the Federal Reserve cautious about the pace of policy tightening. European markets also looked set for a positive start, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 and Germany’s DAX to open 0.2 percent higher, and France’s CAC 40 to start the day up 0.1 percent. Chinese blue-chips recouped steep early losses after data showed the world’s…

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Asia Business OANDA policy U.S. 

Asia shares rise on strong China GDP, accommodative Fed view

July 17, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about the pace of further policy tightening. Chinese blue-chips recouped steep early losses after data showed the world’s second-largest economy grew at a slightly faster than expected pace of 6.9 percent in the second quarter, thanks to robust industrial output, retail sales and exports. MSCI’s broadest index of Asia-Pacific shares outside Japan extended…

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Asia bank Money Top News U.S. UBS 

UBS raises $325 million for Bono-backed impact investment fund

July 10, 2017 By Joshua Franklin ZURICH (Reuters) – UBS has raised $325 million for a private equity impact investment fund, as the world’s biggest private bank looks to meet wealthy clients’ growing appetite to combine philanthropy with money making. The Rise Fund, which counts Irish rock star Bono among its co-founders, aims to achieve “measurable, positive social and environmental outcomes alongside competitive financial returns”, UBS said in a statement on Monday. Impact investing — a term coined in 2007 — grew out of the desire by socially conscious individuals…

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Asia Business Japan Nikkei report U.S. 

Central banks in focus as oil slump, spiking bond yields dent risk appetite

July 7, 2017 By Vikram Subhedar LONDON (Reuters) – World stocks are poised to end the week at six-week lows in the face of oil weakness, a spike in bond yields and anticipation of tighter monetary policy, particularly in the United States. U.S. monthly payrolls data is due on Friday and economists polled by Reuters expect U.S. employers to have added 179,000 jobs in June, above May’s gain of 138,000. Investors are focused on wage growth and whether spending by U.S. consumers will be strong enough to back the U.S….

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