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Indian Stocks Drop Most in Asia as Higher Oil Deepens Inflation Concerns
India’s stocks declined, with the benchmark index poised for its second weekly drop, as surging oil prices raised concerns about faster inflation higher interest rates.
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India Braces for Inflation Risks From Oil After Rate Increase
India faces pressure to step up its battle against price gains even after the steepest interest-rate increases among Asia’s major economies, as oil costs rise and consumer demand strengthens.
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Yen Drops on G-7 Intervention as UN Libya No-Fly Vote Spurs Oil
The yen fell the most since 2008 against the dollar, the Nikkei 225 Stock Average pared its weekly drop and U.S. index futures climbed after central banks intervened to weaken Japan’s currency. Oil rallied.
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Japan Tourism Drop Leaves Chinese to Fill Asia’s Empty Rooms
Asia’s holiday resorts may see fewer Japanese tourists as the tsunami and nuclear scare keeps some of the region’s wealthiest travelers at home, leaving countries more reliant on Chinese travelers to fill the gap.
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China’s New Home Prices Gain in Most Cities, Defying Curbs
China’s smaller cities led gains in home prices last month as Beijing, Shanghai and other larger metropolitan areas introduced local housing measures following new curbs from the central government.
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Asian Currencies Head for Weekly Rise as G-7 Intervention Halts Yen Rally
Most Asian currencies were poised for weekly gains as the Group of Seven nations agreed to buy yen to calm currency markets roiled in the aftermath of Japan’s biggest earthquake on record.
Thursday, March 17, 2011
Asia News
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