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Eliminate all redneck by shooting them. Complete 3 levels of…
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TOKYO: The yen rallied in Asia on Friday, rebounding from the previous day's losses fuelled by a report that Japan would cut corporate taxes to offset the impact of an expected hike in sales tax. In Tokyo midday trade, the dollar bought 98.72 yen, compared with 98.94 yen late in New York and well below the levels above 99 yen in Asia Thursday. The euro slipped to 133.10 yen from 133.48 yen, and to $1.3483 from $1.3488. Japan's Kyodo news agency said Thursday that Tokyo was considering the business tax cut to allay fears that the flagged rise in the sales levy -- to 8.0 percent from 5.0 percent -- would hurt the country's economic revival. That boosted confidence among traders, who moved out of the safe-haven yen. However, on Friday Finance Minister Taro Aso threw into question a timeline for any business tax cuts, which he described as a "long-term issue". The dollar received a measure of support in New York from data showing an unexpected improvement in weekly figures for US initial claims for unemployment insurance.
SINGAPORE: Oil prices were mixed in cautious Asian trade on Wednesday as dealers await the conclusion of the US Federal Reserve policy meeting, analysts said.
New York's main contract, West Texas Intermediate (WTI) for delivery in
September, was up 30 cents at $103.38 a barrel in mid-morning Asian trade, and Brent North Sea crude for September fe..... Read more
Pakistan is expecting to receive much-needed $700 million from United States under the head of Coalition Support Fund (CSF) for its fight against militants by January 10 that would help the financial beleaguered government to bridge the budget deficit and to build the depleting foreign exchange reserves of the country at some extent.
“Paki..... Read more
TOKYO: The dollar weakened against Australia's currency in Asia on Tuesday after the Reserve Bank of Australia cut rates to a new record low, while the US unit rebounded against the yen.
The greenback fetched 98.48 yen in Tokyo afternoon trade from 98.27 yen in New York on Monday afternoon, underpinned by higher risk appetite among investors as Tokyo..... Read more
