By Lisa Twaronite TOKYO (Reuters) - Asian shares shrugged off early losses on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. The Institute for Supply Management said its U.S. It opened lower after Wall Street marked a mixed day, though the upbeat U.S. Hopes that Prime Minister Shinzo Abe's cabinet reshuffle will give fresh momentum to his growth-oriented policies also lifted sentiment.
Regulators also will unveil a separate proposal governing how much money swaps buyers and sellers must set aside when they make trades outside central clearing houses. The rules from the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC) are part of a series of reforms aimed at making banks sturdier and heading off another economic meltdown. The liquidity rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a key pillar of the international agreement known as Basel III. They aim to ensure banks have easy-to-sell assets on hand so they could meet customer withdrawals or post collateral in a crunch.
Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large-scale security breach. "At this point, I can confirm that we’re looking into some unusual activity and we are working with our banking partners and law enforcement to investigate," Home Depot representative Paula Drake wrote in an emailed statement to Reuters. "If we confirm that a breach has occurred, we will make sure customers are notified immediately." The statement came after security website KrebsonSecurity first reported that multiple banks had seen evidence that Home Depot may be the source of stolen credit and debit cards put up for sale on underground markets. Retail customers faced a massive data breach during last year's holiday season when hackers stole at least 40 million payment card numbers and 70 million other pieces of customer data from Target Corp .