Wednesday, June 19, 2013
 
 

By Lisa Twaronite

TOKYO (Reuters) - The dollar steadied against its major counterparts in Asia on Wednesday as investors held their collective breath awaiting the outcome of the Federal Reserve's rate-setting meeting for signals on the future course of U.S. monetary policy.

In what could well be a turning point for global markets, Fed Chairman Ben Bernanke has the chance to address speculation that the central bank will start tapering its asset-buying stimulus before the year is out.

Fed policymakers will likely announce that they will continue to buy bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.

  [READ MORE]
 
 
 
TOKYO (Reuters) - Japan's Nikkei hit a one-week high on Wednesday, with traders citing the launch of a near $780 million investment trust as a driver, while SoftBank Corp rose as it looked likely to win the battle for Sprint Nextel.

SoftBank <9984.T>, which is trying to buy Sprin...   [READ MORE]
 
TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Wednesday that the government was not pursuing economic policies in response to market volatility and that markets would stabilize when the real economy improves.

Amari was speaking at the Japan National Press Club.

...   [READ MORE]
 
By Ian Chua

SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for clarity on the U.S. Federal Reserve's next policy step.

Major currencies, commo...   [READ MORE]
 
(Reuters) - Smithfield Foods Inc <SFD.N> Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing showed.

As per a filing made with the U.S. Securities and Exchan...   [READ MORE]
 
By Sinead Carew

NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp.

The decision may be good news for...   [READ MORE]
 
By Kaori Kaneko and Stanley White

TOKYO (Reuters) - Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbul...   [READ MORE]
 
 
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