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Asian shares, dollar stay close to recent peaks

TOKYO Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain's Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm.

Recent Business News

Oil prices dip on ongoing oversupply, economic headwinds

SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.

12:41am EDT

Japan monthly economy assessment unchanged, but business sentiment worsens

TOKYO Japan's government kept its assessment of the economy unchanged in July but said business sentiment has worsened after the Bank of Japan's tankan survey showed the corporate mood stagnated in April-June due to a strengthening yen.

Jul 24 2016

Singapore to further boost money laundering controls amid 1MDB-linked probe

SINGAPORE Singapore's central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB.

1:59am EDT

Ex-Wall Street banker accused of insider tips to father faces trial

NEW YORK Federal prosecutors in Manhattan are set to face off with a former Wall Street investment banker in their first insider trading trial since a U.S. appeals court curtailed their ability to pursue such cases.

Jul 24 2016

GM re-evaluates India investment, new car platform on hold

NEW DELHI General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials.

Jul 24 2016


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