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Seoul, Tokyo vow 'appropriate action' on weak yen and won
Seoul, Tokyo vow 'appropriate action' on weak yen and won
by  AFP

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the finance ministry in Seoul said Wednesday. The two "shared serious concerns about the recent significant depreciation of the Japanese yen and the Korean won", it said in a statement.

Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Stocks swing after latest selloff as Fed, Middle East dampen sentiment
by  AFP

Asian markets fluctuated Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling. While on edge for any further escalation, trading floors are relatively calm Wednesday, with oil prices edging down despite the crises in the Middle East, Ukraine and OPEC output cuts.

Boeing safety in spotlight at US Senate hearing
Boeing safety in spotlight at US Senate hearing
by  AFP

Boeing is expected to face a bruising once-over Wednesday as company critics testify at a US Senate hearing, including an employee who has characterized the top-selling 787 as prone to disaster. Boeing representatives will not testify at the hearing, but the company said it is cooperating with the inquiry.

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