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Yen rally eases after Tokyo hints at intervention

The yen's soaring rally took a breather in Asian trading Monday after Japanese finance minister Taro Aso warned over the surge, vowing to take action "when necessary". The weekend remarks hinted at ...

Updated : 2016.05.02 14:43

Aso says Japan will take action with currency if needed: Nikkei

Japanese Finance Minister Taro Aso said that one-sided speculative movements in the dollar-yen rate are “extremely concerning,” the Nikkei newspaper reported Sunday. Japan will carefully watch curre...

Updated : 2016.05.01 21:10

Eurozone economic growth rate unexpectedly doubles

The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a qua...

Updated : 2016.04.29 20:24

BoJ surprises as it holds off stimulus, delays inflation target

BoJ surprises as it holds off stimulus, delays inflation target The Bank of Japan shocked markets Thursday as it held fire on a fresh round of widely expected stimulus measures, sparking questions a...

Updated : 2016.04.28 14:48

Saudi to sell less than 5% of Aramco, create $2 trillion fund

RIYADH (AFP) -- Saudi Arabia will sell shares in state oil giant Aramco and set up the world‘s largest wealth fund under a long-term economic reform plan, the deputy crown prince said Monday. Princ...

Updated : 2016.04.25 21:23

Japan's next generation of farmers could be robots

As the average age of farmers globally creeps higher and retirement looms, Japan has a solution: robots and driver-less tractors. The Group-of-Seven agriculture ministers meet in Japan’s northern pr...

Updated : 2016.04.23 16:58

China property boost to GDP risks fading after debt-fueled rise

China’s expansion may face stronger headwinds this year should the debt-fueled boost from real estate, a key driver of recent economic growth, prove unsustainable. The economy grew 1.1 percent in th...

Updated : 2016.04.18 14:11

Oil meeting collapses without freeze

DOHA, Qatar (AP) -- A meeting of oil-rich countries in Qatar that had been expected to boost crude prices by freezing production fell apart Sunday as Iran stayed home and vowed to increase its output...

Updated : 2016.04.18 14:11

IMF sees $1.3 trillion in 'at-risk' Chinese company debt

The International Monetary Fund said Wednesday that corporate China's balance sheets have deteriorated to the point that some $1.3 trillion in borrowings is at risk of default. It said that the fina...

Updated : 2016.04.14 14:31

China exports jump 11.5%

BEIJING (AFP) -- China's exports surged 11.5 percent year-on-year in March to $160.8 billion, authorities said Wednesday, in a positive sign for the world’s second-largest economy. Imports fell for ...

Updated : 2016.04.13 14:42

Asian markets track global surge on oil deal hope

HONG KONG (AFP) -- Energy firms led an Asian stock market rally Wednesday as a strong trade report from China and news of a deal between Russia and Saudi Arabia to limit oil output injected traders w...

Updated : 2016.04.13 14:42

Nomura to close Europe business, cut jobs

Nomura Holdings, Japan’s largest brokerage, said it will close certain businesses in Europe and “nationalize” parts of its operations in the Americas. Operations in Asia won’t be affected by the cha...

Updated : 2016.04.13 12:36

World Bank: China’s growth to ease to 6.7% in 2016

MANILA, Philippines (AP) -- China will remain the main driver of growth in Asia this year despite its prolonged slowdown, helped by sustained expansions in other developing countries in the region, t...

Updated : 2016.04.11 14:23

Fed policymakers worried about slow global growth: minutes

Federal Reserve policymakers were broadly worried about the threat of slower global growth to the US economy, the minutes from their March 15-16 meeting showed Wednesday. As they decided against an ...

Updated : 2016.04.07 13:59

New inversion rules will kill Pfizer-Allergan deal

Drugmakers Pfizer Inc. and Allergan Plc are scrambling to determine whether to proceed with their plan to merge and move Pfizer's address _ but not its operations or headquarters _ to lower-tax Irela...

Updated : 2016.04.06 14:48