China Cosco Holdings Co., the world’s largest operator of dry-bulk ships, said it probably posted a loss for the first half of the year as rising fuel costs eroded profits.
New Zealand’s dollar declined against its U.S. counterpart as lingering concern about global economic growth sapped demand for higher-yielding currencies.
The dollar was 0.5 percent from a one-week low against the euro on speculation Federal Reserve policy makers will signal which additional tools the central bank is prepared to use to bolster the U.S. economy.
Japan’s Topix index snapped a six- day losing streak after the U.S. Federal Reserve pledged to keep its benchmark interest rate at a record low at least through mid-2013 to revive the world’s biggest economy, boosting the outlook for Asian exporters.
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