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TOKYO: The dollar fell below 102 yen in Asia on Friday on speculation that the Federal Reserve could shift its tapering policy if recent weak data is a sign of a fundamental change in growth. The dollar slipped to 101.60 yen in Tokyo afternoon trade from 102.15 yen in New…

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TOKYO: Japan’s industrial output grew at its fastest rate in more than two years in January, as factories cranked out goods ahead of a sales tax hike, adding momentum to the Abenomics experiment, data showed on Friday. Japan is a major trading partner of the Philippines. In a further sign…

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BRUSSELS: Just two weeks after suggesting the European Union (EU) is on the cusp of a digitally led economic bonanza, officials warned on Thursday (Friday in Manila) that web developers may be misleading consumers. EU Justice Commissioner Viviane Reding called a two-day meeting with European developers of mobile apps and…

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In one of the boldest moves toward eliminating toxins from products consumers use every day, Wal-Mart Stores Inc. on Thursday (Friday in Manila) notified its suppliers they will have to reformulate soaps, makeup and household cleaners as the world’s largest retailer begins to shed harmful chemicals from store shelves. Wal-Mart’s…


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SHANGHAI: China’s yuan has overtaken the Swiss franc to become the seventh most-used currency for payments worldwide, a global transaction services organization said, as Beijing seeks to further internationalize the unit. The yuan still lags behind the US dollar—which had a 38.75-percent share in worldwide payments last month—as well as…

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TOKYO: Japan’s finance minister said on Friday he always thought Bitcoin was suspect and said the country might take action following the apparent collapse of a Tokyo-based exchange for the virtual currency. Taro Aso’s comments came after chief US central banker Janet Yellen said the US Federal Reserve had no…

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