Yen is on slide to boost shipping business in Japan

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Source: Bloomberg
The Japanese Yen edged lower to 97.07 against U.S. Dollar by midday trading session in Tokyo on Tuesday. The currency reached a four-year low, as it slipped to 99.95 on the 11th of April. Changes in a Yen's value will be the main driver on this year shipping industry profits. Analysts say that despite a decline in freight rates, the weaker Yen will boost profits by $500 million.
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Tue, 16 Apr 2013 07:55:05 GMT

Gold tumbles the most in 33 years

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Tue, 16 Apr 2013 10:30:04 GMT

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