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August, 26, 2016

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The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about U.S. monetary policy.
 > Japan
 
Kobe goes to Wall Street
Retired NBA star Kobe Bryant visits the New York Stock Exchange on Monday, Aug. 22. Bryant is moving to Wall Street, announcing the formation of a US$100 million venture capital fund to invest in media, technology and data companies.
 
The leaders of Italy, France and Germany insisted Monday that Britain's shock decision to quit the European Union would not kill the bloc.
 
Eurozone economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday.
 
Lithuania says it has signed a contract to purchase dozens of German military vehicles worth 386 million euros (US$437 million), in the Baltic country's largest weaponry purchase to date.
 
Pfizer will pay about US$14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.
 
Valeant Pharmaceuticals replaced Robert Rosiello as chief financial officer as the embattled company attempts to normalize operations amid a host of ongoing investigations and class action lawsuits.
 
Taiwan's industrial production dropped unexpectedly in July, ending two months of consecutive gains, according to statistics released by the Ministry of Economic Affairs (MOEA) Tuesday.
 > Taiwan
 
A five-year-old securities fraud case rooted in the financial crisis against the former chief executive of mortgage giant Fannie Mae ended Monday in stalemate, court filings showed.
 
Domestic demand gives boost to Asian economies
Loose monetary policy should support growth in Asia in coming months, economists say, but regional growth is likely to be negatively affected by a slowdown in China and possible Brexit fallout.
 
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