By Vidya Ranganathan
SINGAPORE (Reuters) - The U.S. dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.
Against the Japanese yen, the dollar was trading at 155.39 yen, down from highs of 155.95 hit in the previous session. The euro stood at $1.0782, after a... (continue reading...)
By Anton Bridge and Joyce Lee
TOKYO/SEOUL (Reuters) - SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY Corp, which operates the popular messaging app Line.
Naver said last week that "very unusual" administrative guidance from the Japanese government over a data leak last year required it to reduce its control of LY Corp, which is majority... (continue reading...)
By David Shepardson and David Morgan
WASHINGTON (Reuters) -The U.S. Senate late on Thursday overwhelmingly passed a broad aviation bill to boost air traffic controller staffing, increase funding to avert runway close-call incidents and speed refunds for canceled flights.
The $105 billion, five-year measure reauthorizes the Federal Aviation Administration. The bill prohibits airlines from charging fees for families to sit together and requires... (continue reading...)
By Yantoultra Ngui
SINGAPORE (Reuters) -Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year.
Net interest margin, a key profitability gauge for banks, declined slightly to 2.27% during the quarter from 2.30% a year earlier.
OCBC had provided the... (continue reading...)
By Katya Golubkova
TOKYO (Reuters) - Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results.
Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.
In the previous session, oil prices edged... (continue reading...)
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