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Euro dipped to $1.29 in Asia, eyes on EU summit

The euro weakened in Asia on Monday as moved out of the common currency ahead of a European summit later in the week and the release of closely-watched Chinese economic growth data.
 
The unit dipped to $1.2909 and 101.46 yen in Tokyo afternoon trade from $1.2958 and 101.60 yen in New York late Friday.
 
The dollar firmed to 78.59 yen against 78.39 yen.
 
There was little fresh news to drive markets, with euro fall likely stemming from sell orders caused by weakness in other risk-sensitive currencies including the Australian dollar on concerns over China’s economy, traders said.
 
“The fall was not driven by news but flows, possibly from overseas players,” a senior trader at a Japanese bank told Dow Jones Newswires.
 
On Monday, Beijing said inflation slowed in September to 1.9 percent year-on-year, while Saturday it said exports surged almost 10 percent in the same month, much better than expectations.
 
But eyes are on the release Thursday of growth data for the three months to the end of September, with investors hoping trying to gauge the state of the world’s second-biggest economy.
 
China’s economy grew 7.6 percent in the second quarter through the end of June for its weakest performance in three years and the sixth…

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The euro weakened in Asia on Monday as moved out of the common currency ahead of a European summit later in the week and the release of closely-watched Chinese economic growth data.The unit dipped to $1.2909 and 101.46 yen in Tokyo afternoon trade from $1.2958 and 101.60 yen in New York late Friday.

The dollar firmed to 78.59 yen against 78.39 yen.

There was little fresh news to drive markets, with euro fall likely stemming from sell orders caused by weakness in other risk-sensitive currencies including the Australian dollar on concerns over China’s economy, traders said.
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Euro weakens in Asia, eyes on EU summit

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Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

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Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.

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Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

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