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  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • *Norwegian crown hit as OPEC keeps oil output unchanged. LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per...

  • LONDON, Nov 27- The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply,...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy. The euro fell back under $1.25 to a day's low of $1.24675 after the figures showed Spanish consumer prices fell...

  • Toyota finds new air bag issue, recalls more cars Thursday, 27 Nov 2014 | 1:24 AM ET

    TOKYO— Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls. Toyota's recall for driver-side air bags is the latest in the widening safety problems related to Takata Corp. air bags.

  • *Daihatsu joins list of car makers in Takata recalls. TOKYO, Nov 27- Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that a safety crisis around the Japanese auto parts maker is far from contained. Toyota's action follows a recall by rival Honda Motor Co for the same...

  • FOREX-Dollar dips versus yen, Aussie climbs on upbeat data Wednesday, 26 Nov 2014 | 10:51 PM ET

    TOKYO, Nov 27- The dollar edged down against the yen on Thursday after lacklustre U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback. The dollar was down 0.2 percent at 117.555 yen, continuing its slow retreat from a seven-year high of 118.98 struck a week ago. Thanksgiving, "said Junichi Ishikawa, a market analyst at IG...

  • DETROIT, Nov 26- The U.S. National Highway Traffic Safety Administration on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave Takata until Tuesday to declare that its air bag inflators are defective and issue a recall. Shares in Takata plunged as much as 7.9...

  • Jonathan Garner. MD and Chief Asia & Emerging Market Equity Strategist at Morgan Stanley, is cautiously optimistic that monetary easing in Japan and China will boost Asian growth next year.

  • TOKYO, Nov 27- The dollar edged down against the yen and euro in early trade on Thursday after lacklustre U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback. The dollar was down 0.1 percent at 117.63 yen, continuing its slow retreat from a seven-year high of 118.98 struck a week ago. The euro stood little changed at...

  • Adam Reynolds, CEO at APAC at Saxo Capital Markets, says the greenback may be overbought at the moment but it's still in a multi-year bull trend.

  • Outlook for 2015: All about the Fed     Wednesday, 26 Nov 2014 | 7:14 PM ET

    Tai Hui, Chief Market Strategist, Asia at JP Morgan, says the divergence of global monetary policy on expectations of a Fed rate hike will be the key theme next year.

  • Japanese firm to build rail cars near Los Angeles Wednesday, 26 Nov 2014 | 11:11 AM ET

    The county Metropolitan Transportation Authority said at least 150 jobs will be created when Kinkisharyo International of Osaka retrofits an existing manufacturing facility in Palmdale. Two years ago, Kinkisharyo won an $890 million contract to build 175 rail cars for Metro and said it would move some manufacturing from Japan to Palmdale.

  • Bitcoin exchange Kraken to help in Mt. Gox bankruptcy Wednesday, 26 Nov 2014 | 4:49 AM ET

    TOKYO, Nov 26- U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo- based Mt. Gox's Tokyo- court appointed trustee Nobuaki Kobayashi with investigating where the missing bitcoins are, along with eventually redistributing any found to creditors as part of a liquidation.

  • *Crude oil stabilises before Thursday's OPEC summit. TOKYO, Nov 26- European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook. The pan-European FTSEurofirst index of leading blue-chip companies has...

  • HIROSHIMA, Japan, Nov 26- A Bank of Japan board member who voted for last month's huge monetary expansion defended the move on Wednesday, saying that failing to act would have cast doubt on the bank's determination to hit its price goal and undermined its credibility. Having deployed "the maximum scale of stimulus possible," the BOJ can now wait to see how much the...

  • *Crude oil extends losses ahead of Thursday's OPEC summit. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent.

  • BOJ leaves door open for more easing: Pro     Wednesday, 26 Nov 2014 | 12:19 AM ET

    Simon Grose-Hodge, Head of Investment Advisory at LGT Bank, says central bank governor Haruhiko Kuroda has proved that he's committed to unleashing more stimulus.

  • FOREX-Dollar marks time ahead of holiday, U.S. data Tuesday, 25 Nov 2014 | 11:26 PM ET

    *Position squaring keeps greenback penned ahead of Thanksgiving. TOKYO/ SYDNEY, Nov 26- The dollar edged lower against the yen on Wednesday but mostly stuck to recent ranges ahead of the U.S. "People are just squaring up ahead of the holiday," said Bart Wakabayashi, head of forex at State Street in Tokyo.