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Dollar weaker in Asia as US, Japan fail to seal trade deal TOKYO: The dollar weakened in Asia Thursday as the United States and Japan failed to break a deadlock holding up a Pacific-wide trade deal, with US President Barack Obama urging Tokyo to take "bold steps" to reach agreement.The greenback changed hands at 102.30 in Tokyo, down from 102.50 yen in New York Wednesday.The euro was at $1.3822 and 141.40 yen, against $1.3816 and 141.61 yen in US trade, where the single currency won support from an upbeat report on eurozone business activity.Obama, who arrived in Tokyo Wednesday on the first leg of a four-nation tour, held talks with Japanese Prime Minister Shinzo Abe Thursday morning. Among the top items on his agenda was moving ahead on the Trans-Pacific Partnership trade agreement.Talks over the proposed pact -- which encompasses 12 nations including the US and Japan and about 40 percent of the global economy -- have been held up as Tokyo ...

Dollar weaker in Asia as Obama, Abe holds talks TOKYO: The dollar weakened in Asia on Thursday with traders eyeing a visit by US President Barack Obama to Japan hoping for some progress on stalled talks over a Pacific-wide free-trade zone.The greenback changed hands at 102.34 in Tokyo midday trading, down from 102.50 yen in New York Wednesday.The euro bought $1.3819 and 141.49 yen, against $1.3816 and 141.61 yen in new York, where the single currency won support from an upbeat report on eurozone ...
Dollar mixed in Asia as traders eye Obama tour TOKYO: The dollar was mixed against the yen and euro in Asia on Wednesday, with traders looking for developments in US-Japan free trade talks as President Barack Obama arrives in Tokyo for the start of an Asian tour.In afternoon trade, the greenback changed hands at 102.61, little changed from 102.60 yen in New York Tuesday afternoon, while the euro rose to $1.3835 and 141.97 yen, from $1.3804 and 141.65 yen.Akira Moroga, manager of forex product ...
China yuan hits 16-month low against dollar SHANGHAI: China's yuan currency extended its downtrend against the dollar Wednesday to hit a 16-month low, despite the country's central bank fixing its trading point for the unit at a higher level.The unit fell to as low as 6.2458 to the dollar in the morning, its weakest level since December 2012. That compared with Tuesday's close of 6.2370, according to the China Foreign Exchange Trade System.However, the People's Bank of China had set the mid-point ...
Hong Kong stocks down 0.72pc by lunch HONG KONG: Shares in Hong Kong fell 0.72 percent on Wednesday morning as investors brushed off preliminary data showing Chinese manufacturing improving slightly in April.The benchmark Hang Seng Index slipped 164.79 points to 22,565.89 by the break on turnover of HK$30.12 billion ($3.89 billion). Copyright AFP (Agence France-Presse), 2014 ...
Dollar holds steady, eyes on Obama Asia tour TOKYO: The dollar held steady against the yen in Asia on Wednesday, with traders looking for developments in US-Japan free trade talks as President Barack Obama starts an Asian tour.In Tokyo midday trade, the greenback changed hands at 102.57, a touch down from 102.60 yen in New York Tuesday afternoon, while the euro bought $1.3809 and 141.66 yen, against $1.3804 and 141.65 yen.Akira Moroga, manager of forex product group of Aozora Bank, said with Obama ...
India rupee hits 1-month low on heavy dollar demand from oil firms MUMBAI: The Indian rupee fell on Tuesday to its weakest level against the dollar since March 21, weighed down by heavy greenback demand from importers, particularly oil firms, as well as weaker regional currencies.The partially convertible rupee was trading at 60.85/86 per dollar by 2:55 p.m. (0925 GMT), after earlier hitting as low as 60.86, its weakest since March 21. The unit had closed at 60.59/60 on Monday. Asian currencies also fell on Tuesday, with ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln