Asia News
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Asian stocks rose for a second day and oil advanced on speculation policy makers in Beijing will take steps to boost economic growth. Bond risk in Asia increased, while the euro traded near a 22-month low amid concern about the health of European banks.
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Greece, responsible for 0.4 percent of the world economy, now poses a threat to international prosperity as investors raise bets its days using the euro are numbered.
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The dollar is proving scarce, even after the Federal Reserve flooded the financial system with an extra $2.3 trillion, as the amount of the highest-quality assets available worldwide shrinks.
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Toyota Motor Corp.’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.
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