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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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Asia Business Japan Nikkei report U.S. 

Risk appetite falls on weak oil and bonds, tightening tension

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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Asia AXJO Business North Korea U.S. 

Asia shares drop on Fed minutes, oil edges up after big drop

July 6, 2017 By Nichola Saminather SINGAPORE (Reuters) – Most Asian stock markets fell on Thursday after minutes from the Federal Reserve’s last meeting showed a lack of consensus on the future pace of U.S. interest rate increases, while oil prices inched higher following a steep decline a day earlier. European markets were set for a steady open, with financial spreadbetters expecting Britain’s FTSE 100 to be unchanged, Germany’s DAX to open up 0.2 percent and France’s CAC 40 to start the day 0.1 percent higher. MSCI’s broadest index of…

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Asia Business China Japan Taiwan 

Asia manufacturing picks up in June but momentum seen slowing into second half

July 3, 2017 By Nichola Saminather SINGAPORE (Reuters) – Manufacturing activity in Asia’s tech producing economies expanded in June, helped by growing global demand for electronics products, but headwinds in external markets could mean a moderation in growth in the second half of the year. Private sector surveys of manufacturers in Asia showed the factory sectors of China, South Korea, Japan and Taiwan picked up in June, driven largely by a recovery in exports. However, continued declines in energy prices, which weighed on manufacturing activity in Indonesia and Malaysia, could…

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Asia Business ECB reform bill Wall Street 

Asia stocks pressured as Wall St. hit by healthcare vote delay

June 28, 2017 TOKYO (Reuters) – Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei share average also slipped 0.2 percent. On Tuesday, the benchmark S&P 500 posted its biggest one-day drop in about six weeks and…

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