Reuters – Asian stocks rose on Thursday as investors hunted for bargains among recently beaten-down shares, while the yen pulled further away from 15-year highs as investors wondered whether Japanese officials would take fresh steps to curb the currency’s strength and spur economic growth.
Also tagged board-outside, business, from-15-year, japanese, spur-economic, stocks-rose, take-fresh, thursday, tokyo, yen-pulledReuters – Japan’s Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains.
Also tagged after-failed, business, finance, japan, market-intervention, may-consider, ministry, newspaper-reported, nikkei, sharp-yen, the-currency, unilateral-yen-sellingReuters – Japan’s Ministry of Finance may consider unilateral yen-selling market interventions if speculators drive up the currency, Nikkei Business Daily reported on Tuesday.
Also tagged board-outside, business, finance, hanai, market-interventions, may-consider, ministry, nikkei, nikkei-business, reported-on-tuesday, the-currency, tokyo, unilateral-yen-sellingReuters – In a world of monster fiscal deficits, Canadian Finance Minister Jim Flaherty has a luxury problem: The strong economy is pushing up his currency.
Also tagged business, flaherty, luxury-problem, minister, monster-fiscal, strong-economyInvestor’s Business Daily – The European banking giant’s U.S. unit said authorities are looking into whether it complied with anti-money laundering rules. HSBC said it’s cooperating and has strengthened controls.
Also tagged banking-giant, business, chicago, clients-hid, comptroller, european, federal, federal-reserve, hsbc, office, probing-whether, unit-saidReuters – Euro zone economic sentiment rose strongly in July, buoyed by figures from Germany that point to a recovery as the currency area overcomes the sovereign debt crisis, but the outlook remains uncertain.
Also tagged area-overcomes, business, debt-crisis, outlook, outlook-remains, overcomes-the-sovereign, sentiment-rose, sovereign, the-sovereign, zone-economicAP – Chinese President Hu Jintao fired back Sunday at critics of his currency policy by warning that wildly fluctuating currency exchange rates can threaten financial markets.
Also tagged business, chinese, chinese-president, jintao, opening-plenary, photo, pitarakis, summitAP – China’s currency surged Friday to its highest level yet, with central bank setting the daily official level at 6.7896 yuan to the dollar, acting on a pledge to allow greater flexibility in the exchange rate ahead of a weekend G-20 summit.
Also tagged allow-greater, beijing-tuesday, central, chinese, currency-museum, exchange, photo, the-exchange, visitor-takesAP – Proving that flexibility is a two-way street, the Chinese yuan edged lower against the U.S. dollar in spot trading Tuesday, a day after surging to a new high following the central bank’s decision to let the currency trade in a wider range.
Also tagged allow-greater, art-district, business, exchange-rates, monday-on-its, not-rebalance, photoAP – China says plans to allow greater flexibility in its currency are in line with its own interests but will do little to rebalance world growth without a fundamental overhaul of global financial systems.
Also tagged allow-greater, business, central-bank, china, chinese, clerk-counts, its-currency, photo, rebalance-world, stable-exchange, sunday, the-currency