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  • *Dollar index notches fresh 2- month peak. TOKYO, May 25- The dollar hit a two-month peak against its basket of peer currencies on Wednesday, boosted by robust U.S. housing data supporting the case for the Federal Reserve to raise interest rates in the near term, but fell back slightly. Most people are just squaring positions ahead of the month-end, "said Kaneo Ogino,...

  • SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday with prices underpinned by forecasts of rains in the U.S. Plains winter wheat belt will diminish in the southwest the rest of this week allowing some improvement in harvest conditions, but southeastern areas remain unfavorably wet, Commodity Weather Group said. Chicago Board of Trade...

  • TOKYO— Leaders of the Group of Seven rich nations will undoubtedly voice unity over fighting terrorism, pandemics and tax evasion at their summit in Japan this week. At a pre-summit meeting in northern Japan's Sendai, finance ministers and central bank governors of the G7 failed to concur on a coordinated approach to fighting what Nobel prize-winning...

  • TOKYO, May 25- The dollar stood near a two-month peak against a basket of currencies on Wednesday after robust U.S. housing data supported the case for the Federal Reserve to raise interest rates in the near term. The euro was steady at $1.1139, within reach of $1.1133, its lowest level since March 18 plumbed on Tuesday when it sank 0.7 percent. The dollar was up 0.1...

  • TOKYO, May 25- As Mitsubishi Motors acknowledged publicly last month that it cheated on fuel economy tests- its third scandal in two decades- its chief, Osamu Masuko, quietly called in on his counterpart at partner Nissan Motor's headquarters. Masuko, several Mitsubishi group executives said, gave Carlos Ghosn his blunt assessment: even after a decade of change, he...

  • TOKYO, May 24- Japan and Canada share "serious concerns" over reclamation and militarisation in the South China Sea, Japanese Prime Minister Shinzo Abe said on Tuesday, in an apparent reference to China's maritime activity. China and the United States have traded accusations of militarising the South China Sea as Beijing undertakes large-scale land...

  • BONN, Germany, May 24- Environmental groups urged Group of Seven nations led by Japan and Germany to stop financing coal projects abroad, which they said amounted to $42 billion since 2007.. Japan provided more than half of the total, with $22 billion between 2007 and 2015, a study released on Tuesday by groups including the U.S. Natural Resources Defense Council,...

  • NEW YORK— Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly profitable products. The news sent Best Buy's stock down 6 percent even as the company reported first-quarter profits that topped Wall Street projections.

  • *Sees 105 billion yen quake impact in cameras, sensors. TOKYO, May 24- Japan's Sony Corp on Tuesday forecast weaker-than-expected earnings this year after partially halting production of its cash-cow image sensors last month to assess earthquake damage to its factory. It estimated the quake's impact on overall business to be 115 billion yen, of which 105...

  • *Sees 105 billion yen quake impact in cameras, sensors. TOKYO, May 24- Japan's Sony Corp on Tuesday forecast operating profit to rise just 2 percent this business year, after the electronics maker partially halted production of its cash-cow image sensors last month to assess quake damage at one of its plants. Sony expects profit of 300 billion yen for the year...

  • TOKYO, May 24- Japanese stocks fell on Tuesday as uncertainty on whether Tokyo would intervene to weaken the yen over U.S. objections sapped confidence, while worries over fiscal policy and a pending decision on a sale tax hike sent turnover to its lowest level this year. Appetite for risk was weakened by receding expectations that Japan can act to weaken its...

  • TOKYO— European stock markets rose on Tuesday, despite jitters in Asian trading, and the British pound rose as market expectations faded of an exit from the European Union. KEEPING SCORE: France's CAC 40 added 1.7 percent to 4,397.39, and Germany's DAX gained 1.5 percent to 9,989.95. Britain's FTSE 100 rose 1 percent to 6,197.51.

  • *China, Japan shares lead regional markets lower. *Fed Chair Janet Yellen eyed after recent hawkish comments. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4 percent, taking its losses to nearly 5 percent so far this month and nearing its lowest levels since March 9.

  • Risk-appetite was further weakened by receding expectations that Japan can act to weaken its currency after a fresh warning from the United States last week against intervention. That sentiment was reinforced by comments from Japanese Finance Minister Taro Aso, who said on Tuesday that Japan has no intention to devalue the yen sharply and consistently.

  • Fishing boats set off from Shipu port for fishing on September 16, 2015 in Ningbo, China. Thousands of fishing boats set sail for fishing after three and a half months fishing ban in the East China Sea.

    Fishermen are paying the price as Asia's superpowers vie for control of the resource-rich waters and islands of the East China Sea.

  • TOKYO, May 24- Nissan Motor Co is considering selling its 41 percent stake in auto parts supplier Calsonic Kansei Corp to raise cash for research and development in electric cars and artificial intelligence, the Nikkei newspaper reported. Nissan, Japan's second-biggest automaker, plans to seek a first round of bids in June, the paper said, without citing its...

  • TOKYO, May 24- The yen held on to gains on Tuesday, shored up by investors' risk aversion and receding expectations that Japan will weaken the currency after a fresh warning by the United States last week against intervention. The euro was flat at 122.605 yen after sliding 0.8 percent overnight. But the dollar has given back a large part of its gains to the yen after a...

  • NEW YORK, May 23- The U.S. dollar tumbled nearly 1 percent against the yen on Monday on Japanese trade data and Washington's resistance to currency intervention by Tokyo, but was little changed against the euro as investors awaited fresh U.S. economic data. The dollar was last down 0.86 percent at 109.19 yen, near a session low, after data showing Japan logged a trade...

  • NEW YORK, May 23- Short-dated U.S. In the United States, an imminent rise in interest rates was looking more probable. Louis Fed President James Bullard said a relatively tight labor market in the United States may put upward pressure on inflation, raising the case for higher interest rates.

  • NEW YORK, May 23- Global stock markets were little changed and the U.S. dollar gained on Monday as investors weighed the possibility that U.S. interest rates could soon be raised. In the United States, an imminent rise in interest rates was looking more likely. Louis Fed President James Bullard said on Monday a relatively tight labor market in the United States may...