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Asian shares mostly up after new Wall St record

Asia's markets mostly rose on Thursday following a record-breaking close on Wall Street as investors welcomed fresh positive US data and an upbeat Federal Reserve report on the economy. The dollar also resumed its uptrend against the yen, while the Australian dollar also sank against the greenback in response to a weak jobs report. Tokyo fell 0.39 percent, or 61.53 points to 15,747.20, giving up earlier gains on profit-taking after Wednesday's strong rally, while Seoul rose 0.21 percent, or 4.04 points, to end at 1,957.32.

Recession-weary Italians catch nostalgia for lira

By Naomi O'Leary ROME (Reuters) - Twelve years since Italy introduced the euro, the national mint is still stamping Italian lire - and recession fatigue means nostalgia for the retired national currency is going strong. For Italy, one of the world's biggest government debtors, the price of sharing a currency strengthened by economies like Germany's has been years of budget cuts, tax hikes and economic stagnation.

Asian markets mostly up after US jobs data

Asian markets mostly rose on Monday and the dollar edged higher against the yen as Wall Street rallied in response to a surprisingly sharp fall in the US jobless rate. Japanese shares enjoyed healthy gains despite the government's downgrade of third-quarter growth, which has raised questions about the strength of a recent government spending-fuelled recovery. Tokyo jumped 2.29 percent, or 350.35 points, to 15,650.21 and Seoul climbed 1.01 percent, or 19.97 points, to close at 2,000.38 but Sydney fell 0.80 percent, or 41.6 points, to 5,144.4.

Asian shares up after Dow breaks milestone

Asian markets mostly rose on Friday after the Dow closed above the 16,000 level for the first time on the back of a slew of upbeat economic data. The dollar eased slightly against the yen, although the generally upbeat outlook helped it hold some of its recent gains, while the euro remained buoyant after the head of the European Central Bank quelled rumours of a further interest rate cut. Tokyo rose 0.10 percent, or 16.12 points, to 15,381.72, well off earlier highs as the yen made inroads against the dollar in the afternoon.

Asian shares up after Dow breaks milestone

Asian markets mostly rose on Friday after the Dow closed above the psychological 16,000 level for the first time on the back of a slew of upbeat economic data. The dollar eased slightly against the yen, although the generally upbeat outlook helped it hold some of its recent gains, while the euro remained buoyant after the head of the European Central Bank quelled rumours of a further interest rate cut. Tokyo rose 0.10 percent, or 16.12 points, to 15,381.72, well off earlier highs as the yen made inroads against the dollar in the afternoon.

Asian shares mixed after US data, euro rises

Asian stocks were mixed Wednesday although Tokyo was lifted by strong corporate sentiment, while upbeat US service-sector data added to speculation the Federal Reserve will soon start tapering off its stimulus. The euro rose following early losses which were sparked by an official downgrade of eurozone economic growth for 2014. Tokyo finished 0.79 percent higher, adding 111.94 points to 14,337.31 and reversing morning losses after a report said car giant Toyota would post strong earnings for its fiscal first half.

Deutsche Post wins review of EU state aid probe decision

FRANKFURT (Reuters) - Deutsche Post DHL won a small legal victory on Thursday in a years-long battle with the European Union over state aid allegedly received from the German government. The European Court of Justice (ECJ) said it was asking the EU's second-highest court to review its 2011 rejection of a challenge by the company against the reopening of a probe into possible state aid. Deutsche Post, Europe's biggest mail and express delivery company, welcomed the ECJ's decision.

Dollar gains, yen slips in quiet forex trade

The dollar edged higher against the euro while the yen slipped in Thursday forex trading that drifted without much news to set direction. The dollar got minor help from a solid improvement in the US weekly figures for initial claims for unemployment insurance -- an indicator of layoffs. But other data on the housing market showed a slowing pace of sales and there was no improvement in the final revision to the second quarter US growth rate, which held at 2.5 percent.

Column: Syrian intervention invokes Europe's history

By Anatole Kaletsky

U.N. counts 52 corpses after violence at Iranian dissident camp in Iraq

BAGHDAD (Reuters) - A U.N. team said on Tuesday it had counted 52 bodies in a makeshift morgue at an Iranian dissident camp, most with gunshot wounds and some with their hands tied, two days after violence that it decried as an "atrocious crime". The dissident Mujahadin-e-Khalq (MEK) group blamed the Iraqi army for Sunday's bloodshed, but an adviser to Prime Minister Nuri al-Maliki, whose government is close to Iran, dismissed the accusation as baseless.
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