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Asia Business consumer Wall Street XAU 

Asia stocks shake off Wall St. blues, sterling steady pre-Brexit talks

June 19, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks rose on Monday, shaking off Wall Street’s subdued performance on Friday, and sterling was steady after a van rammed into worshippers leaving a London mosque, killing at least one person, as markets braced for the start of Brexit talks. European stock markets were set for a strong start to the week, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 to open 0.6 percent higher, France’s CAC 40 to be up 0.3 percent and Germany’s DAX 0.2 percent. MSCI’s…

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Asia Business Eagle Ford Japan month 

Oil prices dip on further rise in U.S. drilling, demand slowdown

June 19, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts were first announced late last year. Brent crude futures were down 18 cents, or 0.4 percent, at $47.19 per barrel at 0659 GMT. U.S. West Texas Intermediate (WTI) crude…

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Asia Business Japan rates Wall Street 

Asia stocks steady after Wall St tech rout, dollar holds gains

June 16, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks were steady on Friday, appearing to take in stride the resumption of the U.S. technology rout overnight, while the dollar held near a two-week high after solid economic data backed the case for tighter U.S. monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, on track to end the week down 0.7 percent. Japan’s Nikkei jumped 0.5 percent, narrowing its loss for the week to 0.4 percent. Overnight, the Nasdaq led losses on Wall Street with…

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Asia bank Economy rates Tokyo Top News 

Dollar firms on upbeat data, on track for weekly gains

June 16, 2017 TOKYO (Reuters) – The dollar stood tall in Asia on Friday, on track for weekly gains against a currency basket, after upbeat U.S. economic data gave investors reason to hope the U.S. central bank will stick with its plan to hike rates. The dollar index, which tracks the greenback against six major peers, added 0.1 percent to 97.474 , and was up 0.6 percent for the week. On Wednesday, the U.S. Federal Reserve raised interest rates as widely expected, and also released some preliminary details of its…

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Asia bank Business GMT Wall Street 

Asia shares encouraged by Wall St. record, await Fed outlook

June 14, 2017 By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve’s future path for U.S. policy after a likely rate rise later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, while Japan’s Nikkei put on 0.5 percent. Markets took their lead from the Dow , which rose 0.44 percent, while the S&P 500 gained 0.45 percent and the Nasdaq 0.73 percent.[.N] The…

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ANZ Asia Economy OPEC Saudi Arabia Top News 

Oil edges up on Saudi pledge to make real supply cuts

June 13, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain well supplied. Brent crude futures were at $48.42 per barrel at 0044 GMT, up 13 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $46.21 per barrel, also up 13 cents, or 0.3 percent. Saudi Arabia, the world’s top oil exporter, is leading an…

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Asia bank Business KS rates 

Asia stocks shake off U.S. tech slump, loonie jumps on rate hike prospect

June 13, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks crept higher on Tuesday, defying a weak lead from Wall Street, which was dragged lower by technology stocks for a second day, while the Canadian dollar soared on the possibility interest rates might go up sooner than expected. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trade. Japan’s Nikkei slipped 0.3 percent. South Korea’s KOSPI gained 0.3 percent, with the biggest stock Samsung Electronics flat after Monday’s 1.6 percent slump. Naver Corp. and LG…

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Asia Bengaluru Editing Chief Investment Office Europe Money Top News 

Deutsche Bank’s wealth management arm to hire 100 client managers

June 12, 2017 (Reuters) – Deutsche Bank AG’s wealth management division said on Monday it plans to hire about 100 client managers worldwide this year, as part of its efforts to win more super-rich customers, particularly in the Asia-Pacific region. The bank said it would invest 65 million euros ($73 million) in digital technology to develop new features such as customized Chief Investment Office news and portfolio health checks. Deutsche Bank’s wealth management arm has seen soft growth and several staff departures over the last couple of years. In October,…

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Asia Business Comey rates UK 

Asia stocks dip, dollar buoyant as Fed comes into view

June 12, 2017 By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks edged lower early on Monday following a slide by U.S. technology shares and the dollar rose ahead of this week’s U.S. Federal Reserve policy meeting, with markets hoping for more guidance on the central bank’s interest rate path. The Fed holds a two-day meeting ending on Wednesday at which it is widely expected to hike interest rates. The focus is on whether the Fed thinks the U.S. economy is robust enough to withstand further rate increases through 2017. A…

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Asia Business Iran month OPEC 

Iran raises oil exports to West, almost on par with Asia

June 9, 2017 By Nidhi Verma NEW DELHI (Reuters) – Iran’s oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which used to be OPEC’s second biggest oil exporter, has been raising output since 2016 to recoup market share lost to regional rivals including Saudi Arabia and Iraq. While many Asian nations continued to purchase oil from Iran during sanctions, Western…

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