Archive for the ‘News’ Category

UPDATE 2-U.S. warns China the banking is still undervalued

(Adds comments on global currency interventions, reserve building; adds byline) By Patrick Temple-West and Jason LangeWASHINGTON, April 15 (Reuters) - The Obama administration on Tuesday warned Beijing that its currency was too weak and expressed doubt over the Asian giant's resolve to let market forces guide the value of the yuan.In a semiannual report to Congress, the U.S. Treasury stopped short of declaring China a ...
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FOREX-Commodity currencies feel a feverishness as China information looms

* Commodity currencies biggest decliners among major currencies * Market cautious ahead of a batch of key Chinese indicators* G3 currencies subdued, Yellen's speech eyedBy Ian ChuaSYDNEY, April 16 (Reuters) - Commodity currencies nursed heavy losses early on Wednesday, while the other major currencies struggled for clear direction as investors kept a nervous eye on developments in Ukraine and ahead of a slew of Chinese economic data.The market is braced ...
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GLOBAL MARKETS-On corner for China expansion data, Nikkei tries to rally

* Investors tense for China GDP amid speculation of a soft number * Shares take heart from late rally on Wall St, better US earnings* European bond yields hit new lows as Ukraine tensions mountBy Wayne ColeSYDNEY, April 16 (Reuters) - Asian markets took some comfort from a late spurt by Wall Street on Wednesday as investors tensed for a reading on Chinese economic growth, while rising tensions in Ukraine ...
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UPDATE 3-U.S. warns China the banking is still undervalued

(Adds comments on Germany) By Patrick Temple-West and Jason LangeWASHINGTON, April 15 (Reuters) - The Obama administration on Tuesday warned Beijing that its currency was too weak and expressed doubt over the Asian giant's resolve to let market forces guide the value of the yuan.In a semiannual report to Congress, the U.S. Treasury stopped short of declaring China a currency manipulator, but singled it out ...
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UPDATE 1-BOJ Kuroda maintains certain perspective on economy

* Japan making headway in meeting price goal-Kuroda * Economy recovering, which will push up prices-Kuroda* Govt to cut economic view in report-Nikkei (Adds quotes, details)By Leika KiharaTOKYO, April 16 (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed its upbeat view of the economy, even as global financial markets wobble, stressing that growth will pick up around mid-year as the sting ...
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GLOBAL MARKETS-Asian shares offer pale hearten to China growth

* China GDP grows 7.4 pct y/y, just pipping forecasts * Markets relieved growth was not much weaker, shares up modestly* Nikkei leads the way encouraged by late rally on Wall St* European bond yields hit new lows as Ukraine tensions mountBy Wayne ColeSYDNEY, April 16 (Reuters) - Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a ...
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FOREX-Aussie off lows after China GDP; yen edges down

* Aussie pares losses, holds above earlier session lows * China Q1 GDP +7.4 pct y/y, a tad better than expected* Dollar/yen buoyed by Nikkei's surge, stops add to gains* Tokyo shares extend gains on Japan finmin comments on GPIF (Updates prices, adds comments)By Masayuki KitanoSINGAPORE, April 16 (Reuters) - The Australian dollar pared losses on Wednesday after China's first-quarter economic growth slightly exceeded expectations and ...
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GLOBAL MARKETS-Asian shares adult on China relief, Softbank stars

* China GDP grows 7.4 pct y/y, just pipping forecasts * Markets relieved growth was not much weaker* Nikkei leads the way encouraged by late rally on Wall St* Softbank, Yahoo reap the benefits of Alibaba holdingsBy Wayne ColeSYDNEY, April 16 (Reuters) - Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had ...
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Defunct bitcoin sell Mt. Gox files for murder -WSJ

April 16 (Reuters) - Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation. These people cited the complexity of the procedure and the lack of realistic rehabilitation plans for the Tokyo-based exchange as reasons for the move, the newspaper said. (r.reuters.com/nus58v)Mt. ...
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ECB devise could boost shares in Europe’s weakest companies

* ECB corporate bond buying seen easing borrowing costs * Indebted companies with meagre margins to benefit most* Italian, Spanish banks tipped as winners* Easier lending conditions to help small caps* Exporters to get boost from weaker euroBy Francesco CanepaLONDON, April 16 (Reuters) - Shares in some of Europe's least profitable and most indebted companies are set to outperform in the coming months if the European Central ...
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