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Updated: 18 min 1 sec ago
Asian markets were mostly higher Monday as investors digested Fed chief Janet Yellen's comments signaling U.S. interest rates were expected to rise sometime this year but when they did they would do so gradually.
China's central bank governor said Sunday that the U.S. dollar could grow "too strong" and prompt capital flows out of China and other nations.
Hong Kong and Shanghai stocks both popped higher Monday morning after China unveiled more details and projections for its "New Silk Road" plan to boost trade and economic relations with the rest of Eurasia and Africa.
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average ) up 0.6% ; Hong Kong (Hang Seng Index ) up 1.2% ; Shanghai (Shanghai Composite Index ) up 0.9% ; Sydney (S&P/ASX 200 ) down 1.3% ; Seoul (Kospi ) up 0.3% ; Taipei (Taiex ) up 0.3% Copyright © 2015 MarketWatch, Inc.
Japanese stocks took a rollercoaster ride early Monday, opening higher and then dropping to negative territory, only to recover its gains about half an hour into the session, with the Nikkei Average up 0.2% but the Topix 0.2% lower.
Australian stocks began a holiday-shortened week on a low note Monday, with the S&P/ASX 200 down 0.9% as pullbacks for crude oil and iron ore weighed on the resource shares.
ABN Amro board members are giving up a 100,000-euro ($110,000) pay increase after the Dutch government delayed a decision on selling the nationalized bank amid public outrage at the raise.
Mines built this company town.
Britain says it will become the first country to offer all babies a vaccine for potentially fatal meningitis B after it reached a price deal with GlaxoSmithKline PLC.
The DreamWorks animated alien adventure "Home" beat out the Will Ferrell, Kevin Hart comedy "Get Hard" at the box office, but both films debuted strongly.
Most people agree the Northeast must expand its energy supply to trim the nation's highest costs and natural gas could be at least a short-term answer.
Duke Energy's CEO is paying a price for a massive spill of collected coal ash that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals.
A subsidiary of Exxon Mobil Corp. is asking state regulators to grant an exception to the amount of natural gas companies are permitted to burn off at 140 of its oil wells in Dunn and McKenzie counties.