02 September 2014

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Dollar, euro surge against yen in Asian trading

Dollar, euro surge against yen in Asian tradingTOKYO: The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepared to meet, under pressure to launch more economic stimulus as the economy falters.In afternoon Tokyo trade the dollar jumped to 104.82 yen, its highest level since January, and up from 104.27 yen in Europe. The euro surged to 137.55 yen against 136.94 yen. US markets were closed Monday for the Labor Day holiday.The greenback also added to recent

Oil prices mixed after weak China, Europe data

SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 15 cents to $95.81 while Brent crude for October rose one cent to $102.80 in mid-morning trade.“Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite,” French bank Credit

Asia shares mixed, Tokyo boosted by weak yen

Asia shares mixed, Tokyo boosted by weak yenHONG KONG: Asian markets were mixed on Tuesday, with Tokyo jumping more than one percent as the yen sank against the dollar, while investors were keeping an eye on the stand-off between Russia and the West over Ukraine.With Wall Street closed for the Labor Day weekend investors were given an anaemic lead from Europe following a disappointing set of manufacturing figures.Tokyo climbed 1.29 percent by the break and Seoul lost 0.52 percent, while Hong Kong shed 0.21

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