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Offshore Yuan pares gains as trade data signals demand slowdown

  Bloomberg The offshore yuan pared gains as a slide in imports prompted speculation that China’s central bank will ease monetary policy to boost consumer demand. A third monthly decline in exports also damped sentiment, showing the limitations of China’s strategy of boosting shipments by weakening the yuan against the exchange rates of its trade partners. The yuan earlier surged ...

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Tokyo Disneyland to witness visitors boost by 2020

  Bloomberg  The operator of Tokyo Disneyland expects overseas visitors to more than double by 2020 to around 4 million as Walt Disney Co’s first resort outside the US rides on publicity generated by Shanghai’s new theme park and a government plan to draw more tourists to Japan. Oriental Land Co which is licensed to operate the Tokyo resort consisting ...

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Spanish banks surge as fears ebb over EU mortgage ruling

  Bloomberg Spanish banks such as Banco Popular Espanol SA surged after an aide to the European Union’s top court said they may avoid having to refund billions of euros to customers who paid too much interest on home loans before a 2013 ruling on so-called mortgage floors. Spain is entitled to apply the time limit due to the “macroeconomic ...

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