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Shares pause from rally, euro eases before ECB decision
Jul 5th, 2012
TOKYO (Reuters) - Asian shares eased on Thursday as markets awaited the European Central Bank's policy decision later in the day, while the euro was pressured by widespread expectations of a rate cut to support fragile euro zone growth. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.2 percent after hitting a seven-week high on Wednesday. Japan's Nikkei average opened down 0.3 percent, after closing at a two-month high on Wednesday. U.S. markets were closed on Wednesday for the Independence Day holiday. "With a lack of cues from the U.S. ... (Source: Reuters) -
HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent in afternoon trade to HK$7.49 after it posted net profit of $126.9 million in the quarter ended in ... [Full Article]
By Chikako Mogi TOKYO (Reuters) - Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in U.S. retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data. European stock markets are expected to start higher, with f... [Full Article]
By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the summer. The ... [Full Article]
By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone will reinvest a $3.2 billion (2.1 billion pounds) dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure. The British firm is trying to decide whether to sell Verizon Wireless, it... [Full Article]
VATICAN CITY (AP) - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. (Source: Associated Press)... [Full Article]
TEHRAN, Iran (AP) - Iranian President Mahmoud Ahmadinejad says a decision by election overseers to disqualify his top aide from an upcoming presidential race is an act of "oppression" and he will take the case to the country's Supreme Leader Ayatollah Ali Khamenei. (Source: Associated Press)... [Full Article]
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