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Yen gains after hitting 38-year low, traders on intervention watch
Yen gains after hitting 38-year low, traders on intervention watch
Economy
by  AFP

The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility. Billions were pumped in to support the yen after it hit a 34-year low of 160.17 in late April, but with limited effect.

Panama Canal agency warns water shortage "is not over"
Panama Canal agency warns water shortage "is not over"
Economy
by  AFP

The Panama Canal Authority (ACP) said Wednesday that the famed waterway continues to face a water shortage, despite recent rains alleviating most restrictions imposed following last year's drought. "The waterway continues to face the impact of a prolonged dry season from this past year that limited the capacity of daily passages through the canal," the ACP said in a statement.