Asia stocks muted ahead of Fed, keep wary eye on China TOKYO- Asian stock markets were muted Wednesday as the recent plunge in Chinese shares kept investors on edge and attention turned to a Federal Reserve meeting that might give clues about the timing of a U.S. interest rate hike. KEEPING SCORE: China's Shanghai Composite Index was down 0.9 percent to 3,629.37 and Hong Kong's Hang Seng was little changed at...
Source: The Associated Press
| By: By YURI KAGEYAMA, AP Business Writer
GLOBAL MARKETS-Asia stocks edge up, markets hushed for Fed *Asia shares tentatively higher, helped by Wall Street rally. The steadier tone was enough to lift Australia's main index 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Japan's Nikkei eased 0.3 percent, hit by sharp falls in Fanuc Corp and Tokyo Electron.
| By: Wayne Cole
FOREX-Dollar eases vs yen ahead of Fed statement; kiwi edges up TOKYO/ SINGAPORE, July 29- The dollar eased versus the yen on Wednesday but held above a recent two-week low as investors awaited hints from the U.S. Ahead of the Fed's policy statement due at 1800 GMT, trading could be swayed by month-end related flows, with Wednesday being the last trading day for settlement before the month end, traders said.
| By: Hideyuki Sano and Masayuki Kitano
Pacific trading partners consider currency forum-Australia's Robb LAHAINA, Hawaii, July 28- Pacific Rim trading partners are considering setting up a top-level forum to consider ways to avoid currency manipulation in parallel to an ambitious 12- nation trade deal, Australian Trade Minister Andrew Robb said on Tuesday. Robb said the U.S. proposal would not seek to include language on avoiding currency manipulation within the...
Will Windows 10 be a game changer for Microsoft? Starting today, Microsoft will try to reinvigorate its flagging Windows franchise, reignite falling PC sales, and maybe even save its almost invisible phone business with the release of just one product - Windows 10.
CHINA MONEY-Beijing keeps exchange rate frozen even while pledging more yuan volatility SHANGHAI, July 29- Beijing may be struggling to put a floor under its tumbling stock market but it has managed to lock the yuan into an incredibly tight band against the dollar, despite pledging again to allow more exchange rate volatility. The cabinet said last week that Beijing would allow the yuan to fluctuate more to support weak exports.
| By: Lu Jianxin and Pete Sweeney
UPDATE 1-Dairy trade impasse holding up Pacific trade deal -NZ envoy LAHAINA, Hawaii, July 28- The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand's agricultural trade envoy said on Tuesday. "We have got to see movement with Canada and the USA, Japan and New Zealand and Australia in particular, that's where the dairy things lie," Petersen said.
| By: Krista Hughes
Brazil says remains committed with fiscal austerity BRASILIA, July 28- Brazil's government said on Tuesday it remains committed with fiscal austerity and structural changes aimed at improving public spending after Standard& Poor's warned it could lose its investment grade. The Finance Ministry said in a statement it will go ahead with plans to speed up collection of tax debts and to sell stakes in state-run...