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Korea's import prices dip for 19th month in March

SEOUL, April 10 (Yonhap) -- South Korea's import prices fell for the 19th straight month in March as oil prices declined and the local currency gained against the dollar, the central bank said Thursday. In local currency terms, the country's import prices declined 4.5 percent in March from a year earlier, compared with a 4.8 percent on-year fall in February, according to the Bank of Korea (BOK). It marked the 19th straight month of on-year declines in import prices since September 2012 when they dipped 2.2 percent on-year.

India regulator examines Sun, Ranbaxy merger trading: source

By Himank Sharma and Zeba Siddiqui MUMBAI (Reuters) - India's market regulator will ask Ranbaxy Laboratories and Sun Pharmaceutical Industries for more information about their planned $3.2 billion merger and seek trading data from stock exchanges after shares in Ranbaxy surged in the run-up to the deal, a senior source at the regulator said on Wednesday.

Olympus says being sued by six banks for $273 million over 2011 scandal

By Sophie Knight TOKYO (Reuters) - Olympus Corp on Wednesday said six Japanese trust banks have filed a lawsuit against the endoscope maker seeking 27.9 billion yen ($273 million) for damages relating to a $1.7 billion accounting scandal in 2011. The six banks, which include State Street Trust and Banking Co Ltd, Mitsubishi UFJ Trust and Banking Corp and The Nomura Trust and Banking Co Ltd, are seeking compensation for false financial statements submitted by Olympus in the 11 years to 2011.

Tokyo stocks down 1.82% by break

Tokyo stocks were down 1.82 percent on Wednesday morning after the yen soared on fading hopes for near-term monetary easing by the Bank of Japan, denting exporter shares. The benchmark Nikkei 225 index shed 266.44 points to 14,340.44 by the break, while the Topix index of all first-section shares lost 1.94 percent, or 22.76 points, to 1,151.80. "The yen's rise is a big negative for exporters and financials," said SMBC Nikko Securities general manager of equities Hiroichi Nishi.

Tokyo stocks close down 1.36%

Tokyo stocks fell 1.36 percent Tuesday following another sell-off on Wall Street, while exporters took a hit as the stronger yen picked up against the dollar. The benchmark Nikkei-225 index fell 201.97 points to 14,606.88, while the Topix index of all first-section shares lost 1.86 percent, or 22.28 points, to 1,174.56. Traders took their lead from New York, where the three main indexes each tumbled more than one percent, as big-name tech firms, which had helped last year's rally, were sold off on concerns they are overvalued.

Tokyo stocks down 1.34% by break

Tokyo stocks fell 1.34 percent Monday morning following a heavy sell-off on Wall Street while the yen's rise against the dollar dented exporters. The benchmark Nikkei 225 index eased 202.04 points to 14,861.73 at the break while the Topix index of all first-section issues was off 1.04 percent, or 12.70 points, to finish the morning at 1,203.19.

World Bank maintains East Asia growth at 7.1 percent

The World Bank said Monday developing countries in East Asia will record economic growth of 7.1 percent in 2014, as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts. The estimate for gross domestic product (GDP) expansion remains unchanged from last year, making East Asia the world's fastest-growing region, the bank said in its East Asia and Pacific Economic Update report. However, the 7.1 percent forecast growth rate for this year represents a slowdown from an average growth rate of 8.0 percent from 2009 to 2013.

World Bank trims China, East Asia 2014 growth forecasts

By Masayuki Kitano SINGAPORE (Reuters) - The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based development bank expects the developing East Asia and Pacific (EAP) region to grow 7.1 percent in 2014 and 2015, down from the 7.2 percent rate it had previously forecast for both years.

World Bank maintains East Asia growth at 7.1 percent

The World Bank said Monday developing countries in East Asia will grow 7.1 percent in 2014 as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts. The estimate for gross domestic product (GDP) expansion remains unchanged from last year, making East Asia the world's fastest-growing region, the bank said in its East Asia and Pacific Economic Update report. However, the 7.1 percent forecast growth rate for this year represents a slowdown from an average growth rate of 8.0 percent from 2009 to 2013.

HKEx in cooperation talks with mainland China stock exchanges

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd said it is in talks on cooperation with mainland China stock exchanges, a deal that could allow investors to buy mainland-listed stocks via the Hong Kong exchange. The Hong Kong exchange operator said there was no guarantee such a deal could be reached. HKEx shares had jumped nearly 6 percent on Wednesday, their biggest gain in over a year, on a report on the cooperation talks in the 21st Century Business Herald.
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