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By Nishant Kumar and Elzio Barreto HONG KONG (Reuters) - As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property. They are driven by the search for yield as surprisingly benign inflation dims the appeal of bullion, but it's a risky play given lofty valuations for real estate. The trend is most visible in the frenzy around real estate investment trusts (REITs) in Asia, where issuance ex-Japan more than quadrupled to $4. ...
By Hideyuki Sano TOKYO (Reuters) - The yen weakened past 100 per dollar, giving Japanese Prime Minister Shinzo Abe a symbolic victory for his easy money policies, with markets bracing for further declines in the currency that could raise tensions with trading partners. The yen broke through resistance to fall as low as 101.43 per dollar, down nearly three percent from Thursday's high around 98.65, and the weakest level in over four-and-a-half years. ...
By Mariam Karouny BEIRUT (Reuters) - In Syria's eastern province of Deir al-Zor, a network of tribes and smugglers has exploited the chaos of war to create an illicit oil trade that makes European hopes of buying crude from President Bashar al-Assad's opponents a distant prospect. Powerful Sunni Muslim tribes have deployed armed fighters around oil production facilities and pipelines that have fallen under their control and set up smuggling and trade deals, according to sources in the province including rebels, an oil company employee and people with ties to the tribes. ...
By Michael Georgy ISLAMABAD (Reuters) - Former Pakistan cricket star Imran Khan's party was enjoying a late surge of support on Friday, the eve of a landmark election, raising the prospect of a fragmented parliament that could lead to weeks of haggling to form a coalition government. The failure of the major parties to capture a commanding lead raises the risk a weak government will emerge, clouding optimism over the first transition between civilian governments in a country that has been ruled by the military for more than half its history. ...