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Japanese Market Declines

TOKYO (dpa-AFX) - The Japanese stock market is declining on Wednesday, with the benchmark Nikkei 225 index again falling below the key psychological level of 20,000, as investors treaded cautiously after data released overnight showed an unexpected contraction in U.S. manufacturing activity. In late-morning trades, the Nikkei 225 Index is losing 63.63 [...]

NZ Dollar Falls Against Majors

CANBERA (dpa-AFX) - The New Zealand dollar weakened against the other major currencies in the Asian session on Wednesday. The NZ dollar fell to a 2-day low of 1.0992 against the Australian dollar, from yesterday's closing value of 1.0960. Against the U.S. dollar, the yen and the euro, the kiwi dropped to 0.6653, 81.77 and 1.5963 from yesterday's closing [...]

Australian Dollar Retreats Against Majors

CANBERA (dpa-AFX) - The Australian dollar retreated from early highs against the other major currencies in the Asian session on Wednesday. The Australian dollar fell to 0.7307 against the U.S. dollar, 89.81 against the yen and 1.4535 against the euro, from an early near 2-month high of 0.7342, nearly a 3-1/2-month high of 90.23 and a 5-month high of 1.4468, [...]

Mark Zuckerberg To Donate 99% Of Facebook Stock To Charity

WASHINGTON (dpa-AFX) - Facebook Inc. (FB) Chief Executive Officer Mark Zuckerberg announced plans to give away 99 percent of his stock in the social network during his lifetime to advance philanthropic causes. The current value of the planned donation is about $45 billion, Zuckerberg and his wife, Priscilla Chan, said in a letter to their newborn daughter. [...]

WSJ : Yahoo! Board To Weigh Potential Sale Of Internet Business

SUNNYVALE (dpa-AFX) - Yahoo! Inc.'s (YHOO) board plans to weigh a potential sale of the company's core business during a series of meetings beginning Wednesday and continuing through Friday, the Wall Street Journal reported citing people familiar with the matter. The board is expected to discuss whether to proceed with a plan to spin off more than $30 [...]

Win Streak May Continue For China Stock Market

BEIJING (dpa-AFX) - The China stock market has finished higher now in back-to-back sessions, collecting more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just above the 3,455-point plateau, and the market may see continued support on Wednesday. The global forecast is mixed to higher, with soft economic data from [...]

Wirecard Provides FY16 Outlook

MUNICH (dpa-AFX) - German financial services company Wirecard AG (WRCDF) expects earnings before interest, taxes, depreciation and amortisation or EBITDA for the fiscal year 2016 to be in a range of 280 million euros to 300 million euros. Not included is potential additional income from the Visa Europe acquisition by Visa Inc. Copyright RTT News/dpa-AFX [...]

Danone Announces Execution Of Final Sale Agreement Of Dumex In China To Yashili

PARIS (dpa-AFX) - French dairy giant Danone (DANOY.PK) announced the execution of a final sale agreement of Dumex in China to Yashili, for a total 150 million euros. By bringing the Dumex and Yashili brands closer together, the operation will build a strong local infant milk formula brand platform. The transaction remains subject to the approval of the [...]

Japan Monetary Base Surges 32.5% In November

TOKYO (dpa-AFX) - The monetary base in Japan spiked 32.5 percent on year in November, the Bank of Japan said on Wednesday - standing at 343.721 trillion yen. That follows the 32.5 percent spike in October. Banknotes in circulation jumped 6.2 percent on year, while coins in circulation added 0.9 percent. Current account balances surged 47.1 percent, [...]

Australia GDP On Tap For Wednesday

CANBERA (dpa-AFX) - Australia will on Wednesday release Q3 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to have risen 0.7 percent on quarter and 2.4 percent on year after adding 0.2 percent on quarter and 2.0 percent on year in the second quarter. New Zealand will provide commodity [...]
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