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China shares pause for GDP test, euro pressured

SYDNEY (Reuters) – Chinese shares fought to sustain yet another seven-year peak on Tuesday a day before the country updates on economic growth, while much of the rest of Asia took a breather after recent hefty gains. A surprise decision by Singapore’s central ... More »

Japan’s Amari: no comment on forex levels

TOKYO (Reuters) – Japanese Economics Minister Akira Amari said on Tuesday he will not comment on foreign exchange levels, after a prominent adviser to the prime minister said it is appropriate for the yen to trade around 105 per dollar. Amari, speaking to repo... More »

Yen broadly higher in Asia, sterling off lows

SYDNEY (Reuters) – The yen hovered just below a two-year peak against the euro early on Tuesday and was broadly firmer versus other major currencies as investors shed bearish positions overnight. Analysts said the move was triggered by comments from Koichi Ham... More »

Japan’s wary manufacturers resist Abe’s urge to splurge

KUSATSU, Japan (Reuters) – Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries’ (6367.T) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane. As Japan heads into the season of peak demand f... More »