Japan
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Derek Halpenny, European head of global currency research at Bank of Tokyo-Mitsubishi UFJ, expects some lightening up of positioning on the U.S. dollar ahead of the Fed's minutes but remains positive long-term.
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TOKYO, May 21- Japan's Nikkei share average eased from a 5-1/ 2- year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71.
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TOKYO, May 21- Japan's Nikkei share average is expected to pull back from a 5-1/ 2- year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Nikkei futures in Chicago closed at 15,320 on Monday, down 0.5 percent from the Osaka close.
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Ed Ponsi, Managing Director at Barchetta Capital Management says Japanese officials are now trying to manage the yen in light of its recent declines.
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TOKYO, May 21- Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilise or recover ground, rather than continue a slide that will increasingly raise their costs.
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Three farms in Iowa and one Indiana operation have confirmed cases of the virus, said Dr Lisa Becton, director of swine health information and research for the National Pork Board. The cases in Iowa were located on farms "all across the state, not in one specific area," Becton said.
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NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
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NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
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*Gold also shoots up from 1- month low and 7 days of losses. NEW YORK/ LONDON, May 20- Gold and silver prices gained about two percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/ 2 years before an abrupt midday turnaround.
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SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
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Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks.
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*Japan's reflationary policy helps domestic demand. TOKYO, May 20- Nippon Steel and Sumitomo Metal Corp expects its domestic crude steel output to rise 2 percent in the April-June quarter, as Japan's reflationary policy drives the yen lower and makes the country's goods more competitive.
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NEW YORK, May 20- The yen climbed back from a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough. The economy minister, Akira Amari, said the yen's excessive strength had largely corrected and further weakness could damage Japan's economy.
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*Gold gains after longest losing streak in four years. Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks. "
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LONDON, May 20- Petroleum coke piled up along the banks of the Detroit River has sparked a storm of protest from local residents and environmental campaigners, who claim they are just one more problem associated with the bituminous tar sands being mined in western Canada.
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*Nigeria says to cut domestic debt over 3-5 years. LAGOS, May 20- Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs, the head of the debt office said on Monday.
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Dallas Federal Reserve President Richard Fisher, reveals his outlook on jobs and the U.S. economy.
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Dallas Federal Reserve President Richard Fisher explains the importance of simplifying bank regulations.
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*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares held steady on Monday after touching a new five-year high, with positive data from the United States and Japan pointing to an improving global economic outlook, boosting the market's near-term sentiment. The STOXX Europe 600 Basic Resources index fell 1.3 percent.
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TOKYO, May 20- A Japanese government panel warns there is "absolutely no" guarantee that domestic investors will keep buying government bonds, citing the risk of a spike in bond yields that could crimp long-term growth prospects, according to a draft report seen by Reuters on Monday.
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"It's a constant evaluative process," says Dallas Federal Reserve President Richard Fisher, discussing how central bankers are able to gauge the success of its monetary policy.