By Hideyuki Sano TOKYO (Reuters) - Low-yielding yen and euro held firm on Tuesday as nervous investors look to upcoming data from China and the United States to gauge whether they need to further wind back carry trades, bets in risk assets funded by these currencies. Falls in equity prices overnight curbed risk appetite after Federal Reserve Vice Chairman Stanley Fischer did not rule out the possibility of a rate hike in September, even though global financial markets have been through turmoil in recent weeks. Speculators often use low-yielding currencies to fund positions in higher-yielding currencies and equities, so a worsening outlook for equity markets tends to boost currencies such as euro and yen.
Austrian security forces stopped a Munich-bound train with several hundreds migrants on board near the border with Hungary on Monday, a police spokesman said, just hours after authorities in Budapest let them leave despite many not having the right visas to travel in the EU. "There are roughly 300 to 400 migrants on board.
Myanmar, which will hold its first democratic national poll in more than two decades on Nov. 8, has seen a flowering of anti-Muslim hate speech since the military gave up full power and opened up politics and the economy in 2011. President Thein Sein signed the Monogamy Bill after it was passed by parliament on August 21, Zaw Htay, a senior official at the president's office, told Reuters. The president also signed two other laws, which restrict religious conversion and interfaith marriage, on August 26, Zaw Htay said.
The hunt for those behind the Bangkok shrine blast narrowed Monday as police revealed they have two new suspects after more bomb-making paraphernalia was found in a suburban apartment. The bomb that hit the Erawan shrine on August 17 was Thailand's worst single mass-casualty attack. Suspicion has alternated between Thailand's bitter political rivals, organised criminal gangs, Islamist militants, rebels in the kingdom's strife-torn south and sympathisers of refugees from China's Uighur minority.
By Tim Kelly TOKYO (Reuters) - Japan's Ministry of Defense is seeking a fourth straight annual military budget hike to help fortify the country's far-flung island chain in the East China Sea, close to ocean territory claimed by Beijing. If approved, the new defense budget would be Japan's biggest in 14 years. China's military budget for this year rose 10.1 percent to 886.9 billion yuan ($138.37 billion), the second largest in the world after the United States.