Asia
Dollar logs 2nd straight weekly gain vs. yen
The dollar turn sharply lower against the euro and strengthens against the yen in the wake of February jobs data as traders struggle to reconcile a strong headline number with a contraction in hourly wages. 42 min ago3:45 p.m. March 4, 2016
Gold logs 13-month closing high as jobs report fails to deflate metal's rally
Gold jumped on Friday, trading around a more than one-year high Friday after February jobs data offered a picture of the labor market that was healthy but not strong enough to shift expectations of the Federal Reserve's monetary policy. April gold settled up $12.50, or 1%, at $1,270.70 an ounce. The metal registered a weekly advance of about 4%, its first weekly gain in three weeks. The nonfarm-payrolls report isn't expected to spur the central bank to lift rates at its meeting in March, which is bullish for gold. Lower rates benefit the commodity that doesn't offer a yield. 2:05 p.m. Today2:05 p.m. March 4, 2016
Messaging app Line plans IPO in New York, Tokyo: report
Line Corp. is hoping to achieve a dual-listing in New York and Tokyo before the summer, said an International Financing Review report on Friday citing unnamed sources familiar with the deal. Line runs a messaging app and is owned by South Korean Internet company Naver Corp. The initial public offering, which could raise between $2 billion and $3 billion, is likely to be a dual-listing on the Tokyo Stock Exchange and on either the New York Stock Exchange or Nasdaq, IFR's sources said. 5:44 a.m. Today5:44 a.m. March 4, 2016
Asia Headlines
Asian stocks rebound ahead of China meetings
Stocks across Asia end mostly higher Friday, with investor focus turning to China’s annual legislative sessions.
5:23 a.m. Today5:23 a.m. March 4, 2016
Dollar weakens as services-sector activity disappoints
The dollar weakened against its main rivals Thursday as more evidence emerged that the largest part of the U.S. economy is in the midst of a troubling slowdown.
3:27 p.m. March 3, 2016
North Korea has fired off 6 'rockets or missiles': reports
North Korea has fired six short-range projectiles into the sea off its east coast, South Korean officials said Thursday, according to media reports. The projectiles were either rockets or guided missiles, and were launched at around 10 a.m. local time from Wonsan on the east coast, the BBC reported. The launches came just a few hours after the United Nations imposed unprecedentedly harsh new sanctions on Pyongyang. The UN move, led by the U.S. and China, was prompted by North Korea's recent nuclear test and missile launch in defiance of existing sanctions.
5:25 a.m. March 3, 2016
Flipkart’s Valuation Cuts Worry Indian Startups
Some investors slashed their valuations of Flipkart by up to 23%, as concerns grow about the viability of many Indian startups amid a global slowdown. Photo: Flipkart
Nikkei closes 1.3% higher as investor confidence returns
Most Asian stock markets gain as rising oil prices and signs of an improving U.S. economy appeared to restore investor confidence.
3:02 a.m. March 3, 2016
Singapore's PMI slips on weaker demand
SINGAPORE--An indicator of Singapore's business activity slowed down in February from the previous month, as overseas demand weakened and output expanded at its slowest pace since October 2013 as new orders rose only marginally.
11:21 p.m. March 2, 2016
Japanese households urged to take ‘bold steps’ to help economy
A Bank of Japan deputy governor said he wants companies and households to take “bold steps” to help bring the economy back to prosperity, as the central bank continues to struggle to rejuvenate listless growth and inflation.
10:28 p.m. March 2, 2016
U.N. imposes unprecedented sanctions against North Korea
The United Nations Security Council on Wednesday approved a plan to impose tough sanctions on North Korea with a twofold goal: halt the funding for nuclear and ballistic programs and pressure the regime to resume negotiations for a lasting denuclearization agreement.
9:28 p.m. March 2, 2016Video
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