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TOKYO: The Tokyo's benchmark index climbed to a fresh five-year high Monday, led led by pharmaceuticals, non-ferrous metals and auto stocks following the release of robust economic data. The US dollar was lower against the yen.
NEW YORK: A closely watched gauge of future economic activity edged higher in December, pointing to continued but, perhaps, uneven growth in the year ahead, a private research group said Monday
EMERGING market capital flows, while not back to their mid-1990s peaks, are running close to US$250bil, and although China still takes the lion#8217;s share, other Asian countries are enjoying strong capital flows for the first time in a very long time, according to Gail D. Fosler, vice-president and chief economist of The Conference Board.