Asian stocks pared gains and the yuan dropped to a 16-month low after a factory report signaled continuing weakness in China’s economy. Australia’s dollar fell and bonds rallied after inflation unexpectedly slowed.
Soybeans fell to a one-week low to head for the longest slump since July amid concern that demand will decrease in China, the world’s biggest importer.
Australia’s dollar fell against all of its 16 major peers after data today showed the nation’s consumer prices increased less than economists forecast.
Cnooc Ltd. is marketing a three- part sale of dollar bonds, joining companies from South Korea to the Philippines as Deutsche Bank AG forecasts an increase in U.S. currency note issuance from Asia.
Australia is committed to buying a total of 72 F-35 Joint Strike Fighters, the Pentagon’s most expensive weapons system, Defense Minister David Johnston said.
Asian stocks erased gains after Chinese manufacturing data signaled persisting weakness in the world’s second-largest economy and Australia’s inflation rose less than expected.
Australia’s core inflation slowed last quarter, sending the currency lower as investors eased bets on the likelihood of an interest-rate increase.
PTT Exploration & Production Pcl, Thailand’s biggest publicly listed oil and natural gas explorer, agreed to pay about $1 billion cash for Hess Corp.’s stakes in oil and gas assets in Thailand.
Navy chiefs attending the Western Pacific Naval Symposium in China approved an agreement on rules for unplanned encounters at sea, according to the official PLA Daily newspaper.
As a submarine enters the second week of its search for Flight 370, veterans of sometimes lengthy undersea quests say it’s too early to write off the effort that has found no trace of the plane.
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