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Yen witnesses the biggest slide in 17 yrs

  Bloomberg The yen slid against the dollar, heading for its biggest weekly drop since 1999, as investors awaited the details of Japanese Prime Minister Shinzo Abe’s recharged stimulus plans following his election victory. The currency slipped against most of its 16 major counterparts, falling after Ben S Bernanke, the former chairman of the Federal Reserve who met officials in ...

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Line shares send positive message at their market debut

  Bloomberg Line Corp. surged 32 percent in its Japan trading debut after the messaging company raised more than $1 billion in the biggest technology initial public offering of the year. The shares rose to 4,345 yen in Tokyo from their IPO price of 3,300 yen, giving Line a valuation of 912 billion yen ($8.6 billion). About two-thirds of the ...

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Lira drops most in 8 years as stock futures sink on Turkey clash

  Bloomberg Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and U.S. Treasuries ticked higher after Turkey’s army said it seized power and President Recep Tayyip Erdogan asserted that he remains in control. U.S. stock futures slipped. The lira lost 4.6 percent to 3.0157 per dollar in the biggest selloff since ...

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