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June, 1, 2016

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Business > Global Markets
Shares in Taiwan closed little changed Tuesday before index adjustments by global index provider MSCI Inc. became effective following the close of the local equity market, dealers said.
 
The U.S. dollar edged higher against the yen and euro Tuesday as traders weighed the impact of a likely U.S. interest rate hike, while Australia's currency jumped after upbeat trade data boosted hopes for the economy.
 
U.S. crude rose in Asia Tuesday as investors awaited manufacturing data from China and before an OPEC meeting on production caps this week.
 
Mainland China's central bank on Monday set the value of the yuan currency at a more than five-year low against the U.S. dollar, according to the national foreign exchange market, in a pattern of weakness in anticipation of higher U.S. interest rates.
 
Tokyo stocks led Asia higher Monday, boosted by hopes the government will delay a sales tax hike and by a weaker yen after Federal Reserve boss Janet Yellen hinted that a U.S. interest rate increase was looming.
 
A new international treaty is needed to compel businesses to stamp out abuses such as child labor and modern-day slavery in their supply chains, Human Rights Watch (HRW) said on Monday at the start of a global labor summit in Geneva.
 
Seducing hyper-connected "Millennials" poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies.
 
The dollar extended its gains in Asia Monday on the back of comments from Federal Reserve boss Janet Yellen that bolstered speculation that a U.S. rate hike was drawing closer.
 
Oil prices dipped in Asia Monday after comments from the U.S. central bank head suggesting interest rates will soon rise, but traders are pinning their hopes on a tightening global market ahead of this week's OPEC meeting.
 
Slight cancer concerns: phone radiation study
A new U.S. study of the potential dangers of cellphone radiation, conducted in rats, found a slight increase in brain tumors in males and raised long-dormant concerns about the safety of spending so much time with cellphones glued to our ears.
 
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