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TSX down: miners fall on weak data, rails drop as Feds phase out unsafe tank cars

TORONTO - The Toronto stock market closed lower Wednesday amid positive earnings news and signs of weakening Chinese growth. The S New York indexes were also in the red as other data showed sales of new homes in the United States declined 14.5 per cent last month to a seasonally adjusted annual rate of 384,000. That was the second straight monthly decline and the lowest rate since July 2013. The Dow Jones industrials was off 12.72 points at 16,501.65, the Nasdaq declined 34.49 points to 4,126.97 while the S

Dollar down on weak U.S. markets, Aussie sinks after low inflation

By Daniel Bases NEW YORK (Reuters) - The U.S. dollar weakened against the euro and yen on Wednesday, undermined by a decline in U.S. equity prices and Treasury yields and finding little support from a slower-than-expected expansion in the U.S. manufacturing sector.

Quantitative easing would be complex for ECB: policymaker Hansson

TALLINN (Reuters) - Quantitative easing, or printing money to buy assets, would be operationally complex for the European Central Bank, ECB policymaker Ardo Hansson said on Wednesday, adding that he saw a lot of questions around how to implement such a program. Seeking to head off a drop in inflation expectations, the ECB governing council said earlier this month it was unanimous in its commitment to use unconventional tools - central bank-speak for things like quantitative easing (QE) - to counter a protracted period of low inflation.

BOJ says 90 percent of banks taking on more risk post-QE

By Leika Kihara TOKYO (Reuters) - Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on Wednesday, suggesting that the wall of money it is pumping out is spilling over into the broader economy.

Import settlements in yen hit record low in Q1

SEOUL, April 23 (Yonhap) -- South Korean importers reduced their use of the Japanese currency in settling deals in the first quarter amid the yen's weakening trend, the central bank said Wednesday. The use of the yen accounted for a fresh record low of 4.9 percent of the total import settlement in the first quarter, down from 5.2 percent in the fourth quarter, according to the Bank of Korea (BOK). The weight of the yen declined as the currency's sharp weakness reduced the dollar conversion value of settlements made with the yen, it said.

Dollar-euro holds in narrow range after Easter break

Major currencies were little-changed Tuesday after the end of the Easter holiday with little news to ease worries over the festering Ukraine crisis. The euro-dollar rate clung to the narrow range held over the past week, with the euro gaining slightly to $1.3804. The yen also move little, while the British pound scored modest gains. Kathy Lien of BK Asset Management said that the lack of economic news had contributed to the becalmed market. But she warned that volatility could increase in the coming days, especially with data expected in the next 24 hours.

Dollar-euro holds in narrow range after Easter break

Major currencies were little-changed Tuesday after the end of the Easter holiday with little news to ease worries over the festering Ukraine crisis. The euro-dollar rate clung to the narrow range held over the past week, with the euro gaining slightly to $1.3804. The yen also move little, while the British pound scored modest gains. Kathy Lien of BK Asset Management said that the lack of economic news had contributed to the becalmed market. But she warned that volatility could increase in the coming days, especially with data expected in the next 24 hours.

Dollar steady in Asia ahead of US housing data

The dollar held steady in Asia Tuesday ahead of US housing data, while the yen was under pressure after a record Japanese trade deficit boosted speculation of more central bank monetary easing. In Tokyo late morning trade, the greenback fetched 102.66 yen, slightly up from 102.62 yen in New York on Monday. The euro bought 141.61 yen against 141.58 yen while it was nearly unchanged at $1.3793 from $1.3794 in US trading. "The dollar remains firm, especially against the yen after Japanese trade number disappointed," Credit Agricole said.

Asian shares mostly up in quiet trade

Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions. With many bourses closed for the Easter break, business was thin at the end of a broadly positive week in Asia, which was helped by bargain buying after the previous week's sell-off. Tokyo added 0.68 percent, or 98.74 points, to finish at 14,516.27 -- the index rose four percent for the week after losing more than seven percent last week.

Asian shares mostly up in quiet trade

Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions. With many bourses closed for the Easter break business was thin at the end of a broadly positive week in Asia, which was helped by bargain buying after the previous week's sell-off. Tokyo rose 0.72 percent, Seoul added 0.58 percent and Taipei gained 0.20 percent but Shanghai was down 0.35 percent.
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