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Canadian dollar extends small gains after US Fed Reserve comment

TORONTO - The Canadian dollar extended its gains on Tuesday morning for a second day after the U.S. Federal Reserve offered reassurance that interest rates would stay low. The loonie was up 0.12 of a cent at 90.56 shortly before North American stock markets opened. Markets reacted positively on Monday to comments from Federal Reserve chairwoman Janet Yellen, who said she thinks the struggling U.S. job market will continue to need the help of low interest rates "for some time."

Asian shares mostly up after Wall St gains

Asian markets mostly rose Monday following a rally on Wall Street as attention turns to the release of key data from Japan and the United States later in the week. The yen eased slightly against the dollar in early currency deals in response to worse-than-expected Japanese industrial output figures that raise the possibility of further monetary easing by the country's central bank. Tokyo jumped 0.90 percent, or 131.80 points, to 14,827.83, Sydney climbed 0.52 percent, or 27.9 points, to 5,394.8 and Seoul added 0.23 percent, or 4.61 points, to 1,985.61.

Asian shares mostly higher after Wall St gains

Asian markets mostly rose Monday following a rally on Wall Street as attention turns to the release of key data from Japan and the United States later in the week. The yen eased slightly against the dollar in early currency deals in response to worse-than-expected Japanese industrial output figures that raise the possibility of further monetary easing by the country's central bank. Tokyo jumped 0.90 percent, or 131.80 points, to 14,827.83, Sydney climbed 0.52 percent, or 27.9 points, to 5,394.8 and Seoul added 0.23 percent, or 4.61 points, to 1,985.61.

Euro-dollar stable ahead of eurozone inflation data

The euro-dollar rate was little changed Friday ahead of crucial data on eurozone inflation while the yen slipped against the dollar before Japan's sales tax hike takes effect. At 2100 GMT, the euro rose to $1.3752 from $1.3742 late Thursday, after falling against the dollar for three straight days. Eyes are on next week's release of new data on eurozone inflation, which if still extremely week, could push the European Central Bank into mulling extraordinary measures to stimulate the economy, such as a quantitative easing program.

Japan's consumer prices rise 1.3% in February

Japan's consumer prices rose 1.3 percent in February from a year earlier for the ninth straight month of increase, on higher prices of energy as well as televisions and other home appliances, the government said Friday. The core consumer price index, excluding fresh foods, stood at 100.5 against the 2010 base of 100, the Ministry of Internal Affairs and Communications said. The 1.3 percent increase followed a 1.3 percent gain in January.

Dollar pushes higher vs euro for 3rd day

The dollar sustained its rebound against the euro for a third straight session Thursday helped by an increased estimate of US fourth quarter growth and more sluggish data from Europe. At 2100 GMT, the euro was at $1.3742, compared to $1.3781 late Wednesday. The euro hit a 29 month peak of $1.3931 to the dollar on March 19 but has since succumbed to worries of overvaluation as the US economy outpaces the eurozone's.

Japanese firms boost entertainment expenses for 1st time in 6 years

Entertainment expenses at some 2.52 million companies in Japan in fiscal 2012 logged the first increase in six years, signaling a corporate earnings recovery, the National Tax Agency said Thursday. Such expenses in the year to March 2013 rose 0.8 percent from the previous year to 2.90 trillion yen as profitable companies' share of the total rose by 2 percentage points to 29.7 percent for the second straight year of increase. Corporate tax payments in the year expanded 3.2 percent to 8.93 trillion yen.

Asian shares mixed after Wall Street sell-off

Asia's markets were mixed on Thursday, with Japanese shares boosted by a weaker yen, although traders remain on edge over the Crimean crisis. Tokyo rallied 1.00 percent, or 145.73 points, to 14,622.89, Seoul climbed 0.70 percent, or 13.66 points, to 1,977.97 but Sydney eased 0.50 percent, or 26.7 points, to 5,350.1. Hong Kong fell 0.24 percent, or 53.30 points, to finish at 21,834.45 and Shanghai slipped 0.83 percent, or 17.08 points, to 2,046.59.

Earth Hour to tap crowdfunding for green campaigns

Lights will go off in some 7,000 cities around the world for this weekend's Earth Hour event, which will aim to raise hundreds of thousands of dollars for environmental projects worldwide, organisers said Thursday. Organisers WWF have partnered with payments giant PayPal to allow donors to contribute for specific projects in countries from Russia and India to Canada and Indonesia, using Asian fundraising site Crowdonomic.

Dollar gains amid ECB talk of anti-deflation measures

The dollar strengthened against the euro Wednesday, helped by stronger US economic data and hints from the European Central Bank that it will act to fight deflationary pressures. Around 2200 GMT the euro was at $1.3788, compared to $1.3825 late Tuesday. The euro began losing ground on Tuesday after statements from ECB officials saying they would take action to combat deflation, hinting at a quantitative easing program or other moves.
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