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Tuesday, June 2, 2015
The U.S. dollar was steady Monday despite a first-quarter contraction in the U.S. economy as investors look for clues to a pickup that would justify an interest rate rise this year.
Saturday, May 30, 2015
EU regulators opened a probe into the solar power panel industry in China, the European Commission said on Friday, in response to accusations that Chinese companies were dodging import duties by exporting via Taiwan and Malaysia.
European equity markets slid Friday on the final day of a Group of Seven finance meeting, which has been largely overshadowed by festering concerns over Greece, dealers said.
The dollar took a breather Friday, after a sharp run-up fuelled by expectations for a U.S. interest rate hike this year pushed it to a 12-year high against the yen.
Oil edged higher Friday after a mixed U.S. report showed a healthy decline in crude and gasoline reserves but a rise in output that could aggravate the global supply glut
IMAX plans to sell shares of its China unit in Hong Kong as it seeks to accelerate its expansion in the fast-growing Chinese movie market.
Friday, May 29, 2015
Japanese yen continues to depreciate
The Japanese yen yesterday continued to depreciate, hitting 124.30 per U.S. dollar by yesterday noon, the lowest since December 2002.
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G-7 meet on global growth overshadowed by Greek crisis
Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden Thursday to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.
Chinese shares dived Thursday after big gains in the past three months and other global stock markets were mostly lower as a deadline neared for cash-starved Greece to make a debt payment.
The dollar soared to its highest level against the yen in more than 12 years on Thursday, powered by expectations for a U.S. interest rate hike and more monetary easing from Japan's central bank.
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