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Yen posts longest winning streak since Sept

New Delhi / AP The yen rose, posting its longest run of weekly gains since September, as investors look past signs of improvement in the US economy and instead channeled their cash into haven assets. Japan’s currency strengthened against all its 16 major peers even after a U.S. report showed inflation rose the most in more than four years last ...

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India to spend $580mn to develop first 20 ‘Smart Cities’

New Delhi / Bloomberg India’s government will provide 40 billion rupees ($580 million) to upgrade the infrastructure of the first 20 cities selected under Prime Minister Narendra Modi’s smart cities program, according to a statement from the Ministry of Urban Development on Saturday. Six cities — Jabalpur, Indore and Bhopal in the central state of Madhya Pradesh, and Jaipur and ...

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No plans to call snap poll or delay tax hike: Abe

Tokyo / Bloomberg Japanese Prime Minister Shinzo Abe said that he’s not considering a snap general election this summer to coincide with a scheduled upper house poll, and that he has no intention of delaying a planned increase in the nation’s consumption tax. Speaking in an interview on Nippon Hoso radio, Abe said he would raise the levy to 10 ...

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