Posted by editor on March 23, 2017

The dollar gained against the yen in Asia on Thursday as investors looked ahead to a key test of Republican control of Congress and the presidency with the fate of a healthcare bill due for a vote.

USD/JPY changed hands at 111.43, up 0.24%, while AUD/USD traded at 0.7653, down 0.31%.

Earlier, the Reserve Bank of New Zealand held rates steady as expected at a record low 1.75% on Thursday, and said policy would retain an easing bias. NZD/USD traded at 0.7035, down 0.11%

Posted by editor on March 22, 2017

Crude prices fell in Asia on Wednesday after industry estimates showed a sharp gain in U.S. inventories.

On the New York Mercantile Exchange crude futures for May delivery fell 0.23% to $48.13 a barrel, while on London's Intercontinental Exchange, Brent was last quoted at $50.85 a barrel.

Crude stocks rose by 4.53 million barrels at the end of last week, the American Petroleum Institute (API) reported on Tuesday, a larger than expected build, while gasoline inventories dropped by a more than expected 4.93 million barrels and distillates fell by 880,000 barrels.

Posted by editor on March 21, 2017

HONG KONG (Reuters) - Apple Inc (O:AAPL) chief executive Tim Cook paid a visit to Chinese bike-sharing company ofo on Tuesday, as the country

Posted by editor on March 20, 2017

BADEN BADEN, Germany (Reuters) - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.

But they yielded ground to the newcomer's push for the Group of 20 major economies to abandon a decade-old pledge to resist protectionism and to delete communique language on financing the fight against climate change.

Posted by editor on March 20, 2017

New Zealand has expelled an attache at the U.S. Embassy after Washington declined to waive his right to diplomatic immunity after an "incident" which gave him a broken nose and a black eye, media and authorities said.

New Zealand police said they responded to the incident near the capital Wellington on March 12 involving an employee of the U.S. Embassy. They did not say what work the employee did or give any other details.

The U.S. government later declined a police request to waive the employee's diplomatic immunity, the New Zealand Foreign Ministry said on Monday.

Posted by editor on March 20, 2017

Greek tax service employees took their protest against bailout-driven austerity to the heart of government on Monday, as Athens waits to hear if its reform plans are enough to satisfy euro zone finance ministers meeting in Brussels.

A large, three-floor high banner that read 'stop austerity' was hung by the tax officers' union on the facade of the finance ministry's headquarters in central Athens.

Posted by editor on March 16, 2017

China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
The increase in short-term rates was China's third in as many months, and came a day after the end of the annual session of parliament where leaders warned that tackling risks from a rapid build-up in debt would be a top policy priority this year.

Posted by editor on March 15, 2017

Asian stocks consolidated recent gains on Wednesday before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike fully priced in by markets.
Though recent data, particularly out of China, has fueled a rally in Asian equities since the start of the year, investors are expecting more headwinds for emerging markets due to an increasingly hawkish Fed.

Posted by editor on March 13, 2017

Forecasters put the U.S. East Coast from New York City to Boston on a blizzard watch starting as early as Monday night, with authorities warning residents to prepare for the possibility of widespread power outages, road closures and flight disruptions.

Weather experts predicted the region could see 12 to 18 inches (30 to 45 cm) of wind-blasted snow from Monday to early Wednesday.

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