*MSCI Asia Pacific ex- Japan rises 0.9 percent. SINGAPORE, May 20- The yen edged higher on Monday after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose in response to U.S. equities rallying on upbeat economic data.
NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
May 15- A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts are giving labor unions too much control over ensuring workplace safety.
Wednesday is the deadline for retailers to decide whether to sign onto a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL. Almost 30 garment and retail brands sourcing from Bangladesh- including the world's two biggest fashion retailers- have signed up so far, though few major U.S. companies have done so.
May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
SINGAPORE, May 14- Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning.
*Arabica dealers eye concerns over cold weather in Brazil. Cocoa on ICE Futures U.S. fell for the fifth straight day after falling below the 100- day moving average, while raw sugar trading was steady, with upside capped by harvesting in top grower Brazil.
*Arabica dealers eye concerns over cold weather in Brazil. LONDON, May 10- Arabica coffee futures on ICE weakened on Friday after reaching three-month highs in the prior session, while raw sugar was steady, with upside capped by harvesting in top grower Brazil.
*Australia, Korea cut rates, NZ intervenes. Fears that a global currency war is brewing were fuelled when the Reserve Bank of Australia and Bank of Korea both cut interest rates this week, citing the strength of their currencies as one of the reasons to act.
NEW YORK/ BOSTON, May 9- In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.
*Indonesia among most underdeveloped Asia bank markets. TOKYO/ HONG KONG, May 9- Sumitomo Mitsui Financial Group's deal to buy a $1.5 billion stake in Indonesia's BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail banking in other Asian markets.
*Cold weather in Brazil attracts some coffee buying-trade. The market continued to climb up from a three-year low at $1.3270 per lb on April 29, basis July, pressured by expectations of an abundant off-year crop in Brazil.
BRUSSELS, May 8- Belgian grocer Delhaize is looking for a new chief executive after its boss of 14 years, who brought together a loose grouping of businesses and built them up in the United States and eastern Europe, said he was stepping down. "When he became CEO, Delhaize was a holding rather than an integrated group," KBC analyst Pascale Weber said of Beckers.
*China net gold imports from Hong Kong hit record in March. SINGAPORE, May 8- Gold edged up on Wednesday, supported by demand from China and a tight physical market, but gains were capped by strong equities and a drop in bullion exchange-traded fund holdings to their lowest in four years.
*Toyota met mid-term profit and margin goal in FY 2012/ 13. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals in the year ended March, aided by the weaker yen.
SYDNEY, May 8- Australian shares rose 0.7 percent to their highest level in a week in early Wednesday trade, buoyed after Wall Street notched up record highs, helped by better-than-expected German industrial data.