World markets jumped on Wednesday as Ukraine's President Petro Poroshenko said a ceasefire had been reached with Russia, raising hopes that a recent escalation in the conflict could be reversed.
Japan's Nikkei share average ended at a seven-month high on Tuesday in active trade as the yen slipped to a seven-month low against the dollar, sending exporters higher on hopes of a boost to earnings.
Asian shares inched lower early on Wednesday after a lackluster day on Wall Street, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy's modest expansion continues to chug along.
Asian shares balked at the starting gate on Monday, skittish in the face of a deepening Ukraine crisis, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.
Japanese trading house Marubeni Corp announced on Friday that it had bought a 100-megawatt (MW) gas power facility in Tokyo and is also planning to add further 200 MW of local capacity in 2016.
Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.
Asian markets took cheer on Tuesday after Wall Street rang up more records and upbeat U.S. spending data burnished the outlook for the global economy, with Japan's Nikkei hitting a 2013 high after Tokyo markets opened after a holiday.
Japanese insurance firm Sompo Japan Insurance Inc will acquire private British company Canopius in a deal valued at $970 million to expand its overseas operations, according to a report.
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
Panasonic Corp decided to close its Hungarian solar cell plant after the yen weakened and would transfer its equipment to other plants in Asia.
Because of the strong commitments to European Central Bank and Bank of England's easy money policies, Japan's Nikkei share average soared to a five-week high.
Japan planned to limit spending excluding payment of debts for the next two fiscal years.
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