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Illustration picture shows Japanese 10,000 yen banknotes being counted by an electronic counter at an office of the World Currency Shop in Tokyo

Japan Core Machine Orders Decline 3.3% In August

Japan’s core machinery orders fell in August compared to that in the previous month showing that there is an urgent need to take additional measures for enhancing the growth potential of the economy.
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S&P Downgrades Spain To Near-Junk Level

Standard & Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, just above junk status, citing a deepening recession that is limiting the government's policy options to arrest the slide.
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EADS, BAE Call Off Aviation/Defense Merger

EADS and BAE Systems called off the world's largest defense and aviation merger on Wednesday, and sources close to the talks blamed Germany for wrecking the $45 billion deal.
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Asian Shares Fall As Gloom Hits Techs, Miners

Asian shares fell Wednesday, led by losses in technology and materials stocks after brokerage downgrades for Intel and a warning from global miner Rio Tinto about the uncertain near-term outlook.

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