Asia News
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The dollar weakened against its major peers while Treasuries fell and stocks fluctuated before a Federal Reserve meeting that may clarify the outlook for U.S. monetary stimulus.
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Dalian Wanda Group, the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe’s tallest residential tower.
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Hong Kong’s central bank extended its investigation of possible misconduct in setting the city’s benchmark interest rates to HSBC Holdings Plc and other lenders after crackdowns by the U.S., U.K., Japan and Singapore.
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The yen may climb to its strongest level in almost four months versus the dollar as it retraces a decline that saw it reach a 4 1/2-year low, according to Bank of America Corp.
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