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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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Business Exclusive Toshiba Tokyo Toshiba Memory 

Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15

June 7, 2017 By Makiko Yamazaki, Liana B. Baker and Kentaro Hamada TOKYO/SAN FRANCISCO (Reuters) – Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate. Sources told Reuters the choice has narrowed to one bid from U.S. chipmaker Broadcom Ltd and U.S. tech fund Silver Lake and another from Toshiba chip partner Western Digital Corp and Japanese government-related investors. Toshiba is rushing to…

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Exclusive: Toshiba seeks chips buyer June 15, blasts bidder Western Digital

June 7, 2017 TOKYO (Reuters) – Japan’s Toshiba Corp aims to name a winner for its prized semiconductor unit next week, people familiar with the matter said on Wednesday, even as the struggling conglomerate criticized the chip partner that is fighting to win the lucrative business. The laptops-to-nuclear giant lashed out hours earlier with a barbed lawyer’s letter to partner Western Digital Corp , a move that may raise speculation that Toshiba is favoring the leading rival bid from U.S. chipmaker Broadcom Ltd . Rushing to get a buyer for…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Fed’s Evans sees serious policy miss on U.S. inflation

May 25, 2017 (Reuters) – Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is “a serious policy outcome miss.” While the U.S. economy, now at 4.4 percent unemployment, has returned to “essentially” full employment, inflation has run below the Fed’s 2-percent target for a full eight years, Evans told a conference sponsored by the Bank of Japan and the Institute for Monetary and Economic Studies. “I believe demonstrating a…

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Japan’s ruling party heavyweight signals readiness to join AIIB: Nikkei

May 15, 2017 TOKYO (Reuters) – Japan’s senior ruling party official has signaled Tokyo’s readiness to join the China-backed Asian Infrastructure Investment Bank (AIIB), saying it was crucial to reach a decision soon, the Nikkei newspaper reported on Tuesday. “The key would be how quickly Japan can decide to participate,” Toshihiro Nikai, secretary-general of the ruling Liberal Democratic Party, was quoted as telling reporters on Monday. Nikai, known for his close ties to China, was visiting Beijing to attend a two-day summit of China’s Belt and Road initiative that concluded…

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Dollar edges down, European inflation data lift euro

May 1, 2017 TOKYO (Reuters) – The dollar started the week on the back foot on Monday, as solid European inflation data lifted the euro and continuing tensions with North Korea underpinned the perceived safe-haven yen. The dollar index , which tracks the greenback against a basket of six rival currencies, edged down 0.1 percent to 98.963 . Against its Japanese counterpart, the dollar slipped 0.2 percent to 111.33 . The dollar touched a session high of 111.72 yen on Friday, a within a few ticks of last week’s nearly…

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Japan final April PMI shows manufacturing activity accelerating, export orders solid

May 1, 2017 TOKYO, (Reuters) – – Japanese manufacturing activity expanded at a stronger pace in April than the previous month as export orders increased, a revised survey showed on Monday, suggesting firms’ output remains on track to rise thanks to overseas demand. The Final Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) was 52.7, slightly below a preliminary 52.8 but still above the 52.4 notched in the previous month. The index remained above the 50 threshold that separates expansion from contraction for the eighth consecutive month. The final index for…

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Dollar index edges up, but poised for losing month

April 28, 2017 TOKYO (Reuters) – The dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias. The dollar index, which tracks the greenback against a basket of six major rivals, edged up 0.1 percent to 99.205, but down 0.8 percent for the week and 1.1 percent for April. The euro was down 0.1 percent at $1.0863, but up 1.3 percent…

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