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Greek deal lifts euro, stocks; outlook cloudy

Asian stocks rose and the euro climbed to a two-week high on Friday after European leaders agreed on a package to rescue debt-stricken Greece and gains will be sustained if U.S. policymakers also manage to cobble together a last minute deal.

Japanese tech giants aim to bounce back from quake

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Japan's major consumer electronics makers are expected to show April-June earnings collapsed due to the March earthquake, but focus is turning to whether they can meet their forecasts for a swift recovery, given a fragile global economy.
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Signs of global slowdown mount; debt crisis weighs

Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
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Stock futures flat, Intel a drag on Nasdaq

Stock index futures were flat on Thursday as investors awaited details on a second rescue package for Greece, though weakness in technology shares kept Nasdaq futures slightly negative.
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Global slowdown signs strengthen, debt crisis weighs

Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy.
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Stocks off highs, euro up before EU summit

World stocks held below a 1-1/2 week high on Thursday after a disappointing services sector survey in the euro zone while the euro ticked up as investors awaited details of a Franco-German deal on a Greek bailout at a European summit later.
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China factory sector shrinks, IMF finds world worried

China's factory sector shrank for the first time in a year in July, a survey showed on Thursday, feeding worries among the country's main trading partners that its growth is unsustainable and could lead to a slump.
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Blogger Exposes Fake Apple Store in China

An American blogger living in China has exposed fake Apple stores thriving in the country. The fake Apple Store in Kunming, the capital of southwestern Yunnan province, looked exactly like those genuine retail stores run directly by the consumer electronics giant, and even the liveried employees believed that they were Apple employees.
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Euro up before EU summit; China data hurts stocks

The euro climbed for a third day on Thursday after news about a France-Germany accord on Greece's debt crisis relieved some concerns ahead of a European summit, while Asian stocks slipped after China manufacturing data contracted for the first time in a year.
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China factory sector shrinks in July, first time in a year

China's factory sector contracted for the first time in a year in July and at its fastest pace since March 2009, a purchasing managers' survey showed on Thursday, as monetary policy tightening and slack global demand weighed on the economy.
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Japan exports beat forecasts, trade balance swings to

Japan's exports rose in June and the pace of annual declines slowed, bringing the trade balance back into surplus as factory output and sales steadily recover from the March 11 earthquake, tsunami and nuclear meltdown.
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Euro up on Greece deal hopes, gold off highs

The euro climbed a third day on Thursday as a deal between France and Germany over a bailout of Greece raised hopes ahead of a major European summit, though investors barely moved from government bonds and precious metals.
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IMF says property bubble in China a concern

The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two.

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