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Yen picks up in Asia as oil price drops

Tokyo / AFP The yen picked up on Tuesday as another fall in oil prices dented sentiment, while the pound was under pressure over worries that Britain may vote to leave the European Union this year. Traders pushed into the Japanese unit — widely seen as a safe investment in times of turmoil — after another drop in crude prices, ...

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Chinese bizman to buy Australia’s biggest dairy farm for US$202mn

Sydney / AFP A Chinese investor was given the green light to buy Australia’s largest dairy farm company, with the finance minister saying he welcomed foreign investment “not contrary to our national interests”. The sale of farmland to foreigners including to Australia’s biggest trading partner China has been a sensitive issue, with Canberra in November blocking the sale of one ...

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Nepal lifts months-long fuel rationing

Kathmandu / AFP Nepal has lifted its months-long rationing of fuel following the end this month of a border blockade by people protesting against a new constitution, officials said on Tuesday. The months-long blockade caused a crippling shortage of fuel and other vital supplies in the landlocked Himalayan country. But members of Nepal’s ethnic Madhesi community decided to call off ...

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