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Asian shares edge down on U.S. rate hike bets

TOKYO - Asian shares got off to a lacklustre start on Monday, after rising inflation and a hawkish tone from the U.S. Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates.

Recent Business News

Oil prices edge up on firm Asian, U.S. demand

SINGAPORE - Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season.

2:00am BST

Dollar hovers at two-month high vs. yen after CPI boost

TOKYO - The dollar hovered at a two-month high versus the yen and stood firm against other peers after surging on a higher-than-expected U.S. core consumer price index that supported the Federal Reserve's case for a rate hike later this year.

1:42am BST

Amazon changes tax practices in Europe as investigations continue - WSJ

NEW YORK - Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday.

24 May 2015

Coca-Cola extends partnership with Speedway through 2020

NEW YORK - Coca-Cola Co has extended its partnership with Speedway Motorsports Inc through 2020, renewing Coca-Cola's status as the official beverage provider for seven Speedway Motorsports facilities.

24 May 2015

High European patent fees will hit start-ups - EU industry chief

BRUSSELS - Excessively high patent fees could damage European business, the EU industry chief has warned, saying the focus should be on helping start-ups and small companies rather than raking in revenues to top up budgets.

24 May 2015
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FTSE 100 7,031.72 + 18.25 +0.26%
DAX 11,815.01 -49.58 -0.42%
CAC 40 5,142.89 -3.81 -0.07%
TR Europe 171.32 -1.71 -0.99%
GBP/USD 1.5469 -0.07%
GBP/EUR 1.4087 +0.22%
EUR/USD 1.0977 -0.24%
Gold 1,205.70 -0.10 -0.01%
Oil 59.79 +0.07 +0.12%
Corn 360.00 -5.00 -1.37%