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Shelly Painter, Regional Managing Director of Vanguard Asia says Vanguard's first ETF in Asia, the Asia ex-Japan index ETF, offers a cost of entry that is about half the industry average.
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NEW YORK-- Consulting firm Accenture PLC said Friday it will buy Acquity Group Ltd. for $316 million in cash. Accenture said it will pay $13 per American depositary share for Acquity. Accenture's stock rose $1.63, or 2 percent, to $82.24 during the regular trading session and were unchanged after-market dealings.
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May 17- The 3.5 percent gross domestic product growth announced by Tokyo on Wednesday suggests that Japan may be the fastest-growing economy in the G7. All these events appear linked to the election of Shinzo Abe and the regime he has installed at the Bank of Japan.
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MUMBAI, May 17- Standard& Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrade.
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*Shanghai volume on Friday strongest since March 28. HONG KONG, May 17- China shares closed out their third-straight weekly gain strongly on Friday, as investors chased a rally in property stocks ahead of April home price data due on Saturday. The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.5 percent for a 2 percent gain this week.
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HONG KONG, May 17- China shares closed out their third-straight weekly gain strongly on Friday, as investors chased a rally in property stocks ahead of April home price data due on Saturday. The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.5 percent, while the Shanghai Composite Index closed up 1.4 percent at 2,282.9.
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*MSCI Asia Pacific ex- Japan edges lower. At 0604 GMT, futures for Euro STOXX 50, Germany's DAX and France's CAC were 0.1 to 0.4 percent lower. U.S. equities had sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
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*Gold's 7- session drop is longest losing streak in 4 years. SINGAPORE, May 17- Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
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*China property buoyed of hopes of easing sector curbs. The Hang Seng Index and China Enterprises Index of the top Chinese listings in Hong Kong posted their first weekly loss in four, shedding 0.8 and 2.4 percent, respectively.
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*MSCI Asia Pacific ex- Japan edges lower. U.S. equities had sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
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*Gold down for 7th straight session, near 4- week low. SINGAPORE, May 17- Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years.
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*MSCI Asia Pacific ex- Japan steady, Japan's Nikkei slips. U.S. equities sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
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SINGAPORE, May 17- Gold edged up on Friday as stock markets paused after rally, but the metal was still on track for its worst weekly decline in a month as investors cut exposure to bullion, sending holdings in exchange-traded funds to the lowest in four years.
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*Fund's 10.1 pct investment return takes assets to C $183.3 billion. CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $183.3 billion at the end of fiscal 2013, as its investment portfolio returned 10.1 percent for the year ended March 31.
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A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.
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LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
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LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata, replacing him with former BP boss Tony Hayward.
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*Gold finds some relief as U.S. data hurts stocks, dollar. LONDON, May 16- Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
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LONDON/ ZUG, Switzerland, May 16- Glencore bosses tightened their grip on the newly enlarged miner and trader on Thursday, as shareholders voted out all former Xstrata directors including the already outgoing chairman, replacing him with former BP boss Tony Hayward.
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LONDON/ ZUG, Switzerland, May 16- Glencore Xstrata has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the limelight after an unexpected boardroom coup.
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SINGAPORE, May 16- Singapore Airlines Ltd reported weaker-than-expected full-year results and warned of a deteriorating environment as it struggles to cope with the rapid emergence of Gulf carriers and low cost Asian rivals.