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Dollar Holds Gains against Yen as Markets Turn Risk-on

The dollar held gains against the yen Wednesday after risk appetite among Asian investors jumped on the back of rising expectations of a rise in U.S. borrowing costs.

Sentiment in regional markets turned sharply positive after stocks in Europe and on Wall Street rallied on Tuesday on much better-than-expected data for U.S. new-home sales, boosting the case for another U.S. interest rate hike.

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Hong Kong Jumps by Break, Shanghai also Higher

Hong Kong stocks jumped by the break Wednesday on the back of a global rally and as energy firms were lifted by a rise in oil prices.

The Hang Seng Index surged 2.47 percent or 490.57 points, to 20,321.

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Violence Hits Food Production, Prices in Nigeria

Anyebe Peter has only recently returned to his farm in central Nigeria, nearly three months after attacks by Fulani herdsmen killed seven villagers, destroyed 250 homes and forced survivors to flee.

"Nothing is left for us either on our farm or in our village after the attack," he told AFP in Adagbo, a stone's throw from the Benue river that forms the border between Benue and Nasarawa states.

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Britain and the EU in Facts and Figures

Money is at the heart of many a battle and the referendum on whether Britain should stay in the European Union or quit is no exception.

Voters are being hit with a blizzard of statistics from the "Remain" and "Leave" camps, often produced selectively to boost their side of the argument.

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London's City Finance Hub Braces for Possible Brexit

With one month to go before Britain's vital in-out EU referendum, London's City finance district is busily planning ahead for a potential "Brexit".

Big City firms, many of which are housed in skyscrapers that dominate the London skyline, are seeking to protect themselves from market volatility should Britons vote "Leave", experts say.

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Shadow Economy Thrives in Russia's Garages as Crisis Bites

Russia's ubiquitous sheet metal sheds -- where tires are changed, furniture repaired and fish smoked -- have become bustling hubs of a shadow economy essential to the livelihoods of the country's crisis-stricken population.

Built in the 1960s and 1970s close to Soviet-era apartment blocks, the clusters of boxy garages today house much more than cars -- everything from stables and saunas to pharmacies and the odd crayfish farm.

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French Tax Police Raid Google's Paris Offices

French investigators swarmed Google's Paris offices on Tuesday as part of a tax fraud investigation, with the U.S. Internet giant saying it is "cooperating fully" with the probe.

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Libya Says Oil Production up at 300,000 bpd

Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the LANA news agency announced on Tuesday.

It cited a spokesman for the National Oil Corporation (NOC) as saying that with Friday's reopening of Al-Hariga terminal near Tobruk in the east, "production today has passed the 300,000 bpd mark".

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Brazil Government Announces Measures to Tackle Economic Crisis

Brazil's acting president Michel Temer on Tuesday called on Congress to approve reforms that he said are needed to haul the once booming economy from a crippling recession.

Temer, who took power May 12 after the suspension of president Dilma Rousseff pending her impeachment trial, is seeking to cement his authority in the face of multiple challenges on both the economic and political fronts.

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Singapore Kicks out Swiss Bank Linked to Malaysia's 1MDB

Singapore's central bank on Tuesday said it was kicking out Swiss bank BSI, which has been linked to a global money-laundering scandal at Malaysia's state fund 1MDB that has embroiled Prime Minister Najib Razak.

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