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Wike Groenenberg, emerging market FX strategist at Citi, says the EUR/USD will go lower later in the year. He also discusses emerging market currencies.
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BRUSSELS, May 7- Belgium's Solvay took a first step towards casting off its PVC business by agreeing a joint venture with privately-hold INEOS, which will ultimately take full control of the unit.
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Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
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Fitch Ratings has assigned an expected rating to the asset-backed debentures to be issued by Eternal 6 Special Purpose Vehicle Co., Ltd. as follows:. THB2.97bn* Fixed Interest Rate Asset-Backed Debentures expected due 2016 and finally due 2018:' A- sf'; Outlook Stable.
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BANGKOK, May 7- Thailand's finance minister said on Tuesday the central bank had come up with measures aimed at holding down the baht, but he again urged that interest rates be cut and said the currency was too strong for the economy despite a retreat from 16- year highs.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.
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BANGKOK, May 7- Advanced Info Service Pcl, Thailand's top mobile phone operator, reported an 11 percent rise in quarterly net profit on Tuesday, mainly due to strong growth in non-voice and data services.
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BANGKOK, May 7- Thailand's benchmark SET index. was up 0.6 percent at 0437 GMT amid selective buying in large caps such as PTT Global Chemical Pcl. and Advanced Info Service Pcl ahead of their quarterly earnings later in the day.
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ZURICH, May 7- Swiss stocks were expected to open little changed on Tuesday as other European share markets were indicated slightly firmer but Asian stocks were capped by weak global growth data. The Swiss blue-chip SMI was seen flat at 7,928 points, according to premarket indications from bank Julius Baer.
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Citi Research upgraded CP All Pcl, Thailand's largest convenience store operator, to' buy' from' neutral' and raised its price target to 47.5 baht from 44 baht, citing its recent acquisition of wholesaler Siam Makro Pcl. The broker maintained a' sell' rating on Siam Makro with a price target of 640 baht.
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SYDNEY, May 7- Australian shares fell 0.5 percent in later morning trade on Tuesday, dragged down by financials as investors adopted a cautious stance ahead of the outcome of the central bank's rate-setting meeting later in the day. Top lender the Commonwealth Bank of Australia.
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BANGKOK, May 7- Following is some company-related and market news that could affect the local market. SE ASIA STOCKS-Mostly up; Malaysia at record high after election. >Political risk box on Thailand.
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SYDNEY, May 7- Australian shares slipped 0.1 percent on Tuesday as investors remained cautious ahead of a central bank rate meeting later in the day and as financials dragged on the market, but strength in metals prices helped limit losses.
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SYDNEY, May 7- Australian shares are set to open firmer on Tuesday after Wall Street closed at another record high and metals prices gained, although investors may be cautious ahead of a central bank rate setting meeting.
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SEOUL, May 7- Foreign holdings in South Korean bonds increased for the third consecutive month in April, the country's financial regulator said on Tuesday, driven by investment from central banks and state-backed funds amid speculation over a Korean central bank rate cut.
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Southeast Asia's third largest economy saw a $471.59 million foreign inflow into the stock market on Monday. Malaysia's second-largest lender by assets, CIMB Group Holdings Bhd. Its chief executive, Nazir Razak, is the brother of Prime Minister Najib Razak.
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May 6- The Kingdom of Thailand is preparing to do its first fixed rate public dollar bond in the offshore market since 1997 and now plans to be a regular issuer, Chularat Suteethorn, the director general for the Public Debt Management Office told IFR in an exclusive interview.
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SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the central bank's board meeting capped gains. Mirabela Nickel climbed 50 percent to A $0.165 reversing a near-uninterrupted decline since early February.
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SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the Australian central bank's board meeting capped gains.
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KUALA LUMPUR/ SINGAPORE, May 6- Malaysian stocks surged nearly 8 percent to a record high and the local currency jumped to its strongest in 20 months on Monday after the Barisan National coalition extended its 56- year rule and fended off a strong opposition challenge that had unnerved investors.