Posted by editor on March 23, 2017

The Australian dollar slipped lower against its U.S. counterpart on Thursday, although sentiment on the greenback remained vulnerable. Meanwhile, the New Zealand dollar edged up after the Reserve Bank of New Zealand left interest rates unchanged.

AUD/USD slipped 0.25% to 0.7657.

The Australian dollar’s losses were expected to remain limited as the greenback remained under heavy pressure ahead of a key vote on U.S. President Donald Trump’s healthcare bill later in the day.

Posted by editor on March 22, 2017

Bitcoin
regained its footing on Monday, having suffered its heftiest falls since early 2015 between Thursday and Saturday as investors sold the digital currency on worries about its future.

Having soared to an all-time high of $1,350 on the Bitstamp exchange on March 10, on speculation that regulators could approve the first U.S. bitcoin exchange traded fund the following day, the digital currency then slipped back.

Posted by editor on March 21, 2017

SEOUL (Reuters) - Hyundai Motor Co (KS:005380) shares gained the most in over five-and-a-half years on Tuesday on speculation that its parent group, controlled by Chairman Chung Mong-koo, will reorganize its ownership structure.
Hyundai Motor Group may join Samsung Group and possibly other family-owned conglomerates to adopt a holding company structure as politicians call for reform following a graft scandal involving President Park Geun-hye, analysts said.

Posted by editor on March 20, 2017

 Pakistan Prime Minister Nawaz Sharif on Monday ordered the re-opening of the two main border crossings to Afghanistan, after their closure last month following a series of attacks that Islamabad blamed on militants operating from across the frontier.

Relations between the countries have been tense in recent months, with both accusing each other of not doing enough to tackle militants.

Posted by editor on March 17, 2017

German Economy Minister Brigitte Zypries said on Deutschlandfunk radio on Friday that Germany could file a suit against U.S. President Donald Trump over a proposed border tax.

Trump has warned that the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

Posted by editor on March 16, 2017

 The Bank of Japan kept monetary policy steady on Thursday in the wake of the U.S. Federal Reserve's second interest rate hike in three months, underscoring the diverging policy paths of major global central banks.

Economists had expected no change in the BOJ's policy settings as rising global protectionist sentiment and an expected series of U.S. rate hikes overshadow budding signs of recovery in the trade-reliant Japanese economy.

Posted by editor on March 14, 2017

By Se Young Lee and Jane Chung
SEOUL (Reuters) - The head of South Korea's Samsung Group (SAGR.UL), Jay Y. Lee, may be languishing in a jail cell but he is allowed plenty of visitors, which may allow him to play a key role in corporate decisions even if he isn't running the conglomerate like he did before.
Lee, who didn't attend last Thursday's preparatory hearing for his trial on bribery, embezzlement and other charges, is kept well away from other inmates at the Seoul Detention Centre.

Posted by editor on March 13, 2017

HSBC Holdings Plc (L:HSBA), Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA (HK:1299) Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017.
A one-time professional footballer who has held several leadership jobs including running Britain's Prudential (L:PRU), Tucker will take over as group chairman designate from Sept. 1 and as non-executive group chairman on Oct. 1.

Posted by editor on March 10, 2017

Making monetary policy neutral will help China's supply-side reforms, the head of the central bank said on Friday.
China's monetary policy is prudent and neutral and the central bank has many tools at its disposal, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said at a news conference on the sidelines of the annual parliament session in Beijing.
Zhou also said that China will not deliberately seek to include its bond market in global indexes.

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