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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.

Loonie advances as rising energy prices send March inflation higher

TORONTO - The Canadian dollar closed higher Thursday amid data showing inflation coming in slightly higher than expected. The loonie was up 0.04 of a cent to 90.8 cents US as Statistics Canada reported that the consumer price index rose 0.6 per cent in March from the previous month, higher than the 0.4 per cent reading that economists had expected. The rise was mostly due to a three per cent increase in gasoline prices from February. Excluding volatile items such as food and energy, the core rate of inflation rose 0.3 per cent, which was in line with expectations.

Dollar lower in Asia after upbeat data, Beige Book

The dollar drifted lower in Asia Thursday as upbeat US data and dovish comments from Federal Reserve chair Janet Yellen suggested the central bank would hold steady on the pace of its stimulus tapering. In Tokyo midday trade, the greenback slipped to 101.99 yen from 102.25 yen in New York on Wednesday. The euro rose to $1.3841 from $1.3815, while it weakened to 141.16 yen from 141.28 yen.

Loonie lower as Bank of Canada leaves rates unchanged, lowers growth forecast

TORONTO - The Canadian dollar closed lower Wednesday after the Bank of Canada said it was keeping its key rate unchanged and cut its forecast for first-quarter economic growth. The loonie was off 0.34 of a cent to 90.76 cents US as the bank left its key rate at one per cent, where it's been since September 2010. The bank also lowered its forecast for first quarter growth this year to 1.5 per cent, from 2.5 per cent, but attributed the downgrade mostly to temporary impacts of a unusually severe winter.

China gets first bitcoin ATM, skirting bank crackdown

SHANGHAI (Reuters) - BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies.

Dollar treads water ahead of Chinese GDP data

The dollar moved little against other major currencies on Tuesday ahead of China's first-quarter GDP data, expected to show further slowing in the world's second-largest economy. Around 2100 GMT, the euro ticked down to $1.3813 from $1.3820 at the same time Monday. The dollar edged up to 101.94 yen from 101.82 yen. The European unit also gained slightly against the Japanese currency, buying 140.80 yen compared with 140.74 yen late Monday. According to an AFP survey of 13 economists, the median forecast for China's first-quarter growth year-on-year was 7.3 percent.

Dollar firms slightly after upbeat US retail data

The dollar moved higher against other major currencies on Monday after an encouraging US retail sales report and hints of more stimulus in the pipeline from the European Central Bank. Around 2100 GMT, the euro bought $1.3820, down from $1.3883 late Friday. The dollar also rose against the Japanese currency, to 101.82 yen from 101.59 yen. The euro fell to 140.74 yen from 141.13.

Scotiabank raises outlook for price of nickel following Indonesian export ban

OTTAWA - Scotiabank is raising its outlook for the price nickel following an Indonesian export ban on unprocessed ore that took effect earlier this year. Nickel prices have been rising following the Indonesian ban that was enacted in an attempt to encourage foreign investment in ore processing in the country. Scotiabank says many expected Indonesia would not have the resolve to stick with the ban, but it now appears the country is sticking with its agenda. The bank says it now expects nickel to average $7.66 per pound this year, up from earlier expectations for $6.75.

Asian shares sink after fresh Wall St losses

Asia's markets slipped on Monday following another heavy sell-off on Wall Street and renewed concerns over the crisis in Ukraine. Investors are also awaiting the release this week of first-quarter growth data from China, with analysts tipping a further slowdown in the world's number two economy. Tokyo stocks dipped 0.10 percent in the morning and Hong Kong eased 0.11 percent while Sydney shed 0.52 percent, Shanghai was off 0.38 percent and Seoul was flat. Bangkok and Mumbai were closed for public holidays.
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