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Asia stocks dip on China tightening fears, yen up »
Asia stocks dip on China tightening fears, yen up
(Reuters) – Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting [...]
Asia stocks dip on China tightening fears, yen up (Reuters) »
to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting Britain's FTSE 100 (.FTSE), Germany's DAX (.GDAXI) and France's CAC 40 (.FCHI) to fall as much as 0.5 percent.
(.MIAPJ0000PUS) shed 0.5 percent, retreating from a seven-week high touched before [...]
Prudential confirms to buy AIG Asia for $35.5 billion »
Prudential confirms to buy AIG Asia for $35.5 billion
PRU.L
AIG.N
) Asian life insurance arm for $35.5 billion, making it the undisputed foreign leader in one of the world’s fastest-growing financial services markets.
The acquisition of AIA will be funded by a rights issue of $21 billion including costs and fees, the biggest ever [...]
Asia shares up, banks shrug off China policy move »
Asia shares up, banks shrug off China policy move
Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China’s latest move to temper robust lending.
The Hang Seng rose 1.8 percent after a long Lunar [...]
Asia markets jump after US gains on housing report (AP) »
jumped Wednesday, following
higher after encouraging reports about the beleaguered U.S. housing sector helped restore confidence in an economic recovery.
Several bourses shot up more than 2 percent after the U.S. market, reversing last month’s slide, posted its biggest back-to-back gains in almost three months.
gained modestly after surging the day before, while the dollar [...]
Oil reaches two-week high as optimism boosts Asia markets »
SINGAPORE (Reuters) – Oil bounced back above $77 on Wednesday, reaching its highest level in almost two weeks, as recovery optimism drove Asian stock markets higher, led by China.
U.S. crude for March delivery touched $77.66 a barrel, the highest price since January 21, and was trading up 22 cents at $77.45 at 0758 GMT [...]
Asia shares rise on U.S. cues »
Asia shares rise on U.S. cues
SINGAPORE (Reuters) – Asian shares powered ahead on Wednesday with energy and resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on upbeat U.S. earnings and economic data.
European stocks were set to gain for a fourth straight session on strength in Asian [...]
Asia shares up off 3-month lows »
SINGAPORE (Reuters) – Resource stocks lifted Asian shares off three-month lows on Tuesday after strong U.S. manufacturing data raised hopes the global economic recovery was on a firmer footing.
But the Australian dollar sank, pulling down the euro, after the country’s central bank left interest rates unchanged in a move that stunned markets and underscored [...]
Asia shares fall to three-month lows (Reuters) »
SINGAPORE (Reuters) –
Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week.
European shares (.FTEU3) were also expected to retreat by as much as 1.2 percent amid lingering worries about Greece [...]
Asia stocks fall on China jitters, yen gains »
Asia stocks fall on China jitters, yen gains
SINGAPORE (Reuters) – Asian stocks fell for the ninth straight day on Wednesday on fears that China’s heightened efforts to rein in soaring credit growth could hamper the global economic recovery.
European stocks were set to follow Asia lower, with financial spreadbetters expecting key indexes in Britain, [...]