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  • Asian stock markets mostly higher in quiet trading day Sunday, 24 May 2015 | 11:29 PM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. Singapore, Manila and New Zealand also rose. GREECE DEBT: Greece's ruling Radical Left Coalition rejected a call by party hardliners to skip its next payment to the International Monetary Fund.

  • TOKYO, May 25- The dollar hovered at a two-month high versus the yen and stood firm against other peers after surging on a higher-than-expected U.S. core consumer price index that supported the Federal Reserve's case for a rate hike later this year. It was the largest rise in the core CPI since January 2013 and followed a 0.2 percent gain in March.

  • TOKYO— Japan's trade balance reverted to a deficit in April but narrowed sharply from the previous year as the plunge in oil prices cut fuel import costs. Strong demand for machinery and cars pushed exports to the U.S., Japan's biggest market, up 21 percent from a year earlier to 1.36 trillion yen. Japan's exports to China edged up 2.4 percent, to 1.21 trillion yen, a...

  • LOS ANGELES— It's a meet-and-greet worthy of an A-list star. "A year ago, I went to New York and tried to get a book publisher to take a meeting with me," said Graham, who represents Franta and other mega-popular YouTubers. Here we are a year later at Barnes& Noble in Los Angeles with a New York Times best-selling author who is a client.

  • TOKYO— Japan pledged Saturday 55 billion yen in aid to Pacific island nations that are battling rising sea levels and natural calamities as a result of global warming. Prime Minister Shinzo Abe made the pledge at a two-day meeting with the island nations' leaders in Iwaki in northern Japan. Japan will also help with expert exchanges and training.

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • TOKYO— Japan needs "bold action" on revamping its economy and improving its precarious national finances, the International Monetary Fund says in its latest assessment of the world's third-largest economy. It said doubts about Japan's "long-term fiscal sustainability"— whether it can pay off its huge debt— could rise if investors lose confidence.

  • SINGAPORE, May 22- China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations. No details of the ownership structure were disclosed, but delegates told Reuters that China would likely...

  • TOKYO, May 22- The Bank of Japan offered a slightly more upbeat view of the economy on Friday and its governor shrugged off the need for more monetary stimulus, dismissing market concerns that the recovery is too slow to accelerate inflation toward the bank's target. That followed data on Wednesday which showed Japan's economy expanded at the fastest pace in a...

  • TOKYO— Prime Minister Shinzo Abe's offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan's agenda for selling its clean coal know-how and other technologies as it is about keeping up with China. Abe announced the commitment, topping the $100 billion China set for its newly created Asian Infrastructure Investment Bank, on...

  • *CPI data due 2330 GMT, output due 2350 May 28. TOKYO, May 22- Japan's consumer inflation remained subdued in April on lower energy costs, adding pressure on the Bank of Japan after already two years of massive stimulus aimed at banishing deflation. "The actual condition of the economy lacks momentum," said Takumi Tsunoda, senior economist at Shinkin Central Bank...

  • FOREX -Dollar surge cools, eyes on Yellen, inflation Friday, 22 May 2015 | 3:50 AM ET

    LONDON, May 22- The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day. Dealers said there might be little appetite for another big move ahead of UK and US public holidays on Monday. The yen was up around a quarter of a...

  • TOKYO, May 22- Japanese government bonds edged down on Friday, pressured by rallying stocks and investors' wariness ahead of a 20- year auction next week. A short while earlier, the Bank of Japan said it was maintaining its massive monetary stimulus as expected, and slightly revised up its assessment of the economy, signalling that it sees no need to expand stimulus...

  • TOKYO, May 22- The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26- year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of deflation and stagnation. The total market capitalisation of the TSE's first section rose to 591.30...

  • SINGAPORE/ NEW DELHI, May 22- China-backed Asia Infrastructure Investment Bank on Friday set an ambitious target to become operational by the end of the year after a three-day meeting of prospective founding member nations in Singapore. Delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the...

  • TOKYO, May 22- The Bank of Japan maintained its massive stimulus programme and offered a slightly more upbeat view of the world's third-largest economy on Friday, citing a modest rebound in consumption and exports. That added to some signs of hope from Wednesday's data that showed Japan's economy expanded at the fastest pace in a year in January-March due to...

  • TOKYO— Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...

  • May 22- China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said on Friday. China's share in the $100 billion lender will be less than 30 percent, an Asian delegate attending the meeting in Singapore told...

  • SINGAPORE/ TOKYO, May 22- The dollar edged lower versus a basket of major currencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers. Against the yen, the dollar sagged slightly after the Bank of Japan maintained its massive monetary stimulus, as expected, and slightly revised up its assessment of...

  • *BOJ Governor Kuroda to brief media 0630 GMT. TOKYO, May 22- The Bank of Japan maintained its massive stimulus programme and offered a slightly more upbeat view of the world's third-largest economy on Friday, as a modest rebound in consumption helped service-sector sentiment improve to a one-year high. That added to some signs of hope from Wednesday's data that...