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Toyota sees $8.6 billion annual loss

Toyota Motor Corp , the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion annual loss and said it would sell about 1 million fewer vehicles this year, leaving it desperately trying to cut costs in the grip of a severe market downturn.

Toyota sees $8.6 billion annual loss as sales slump

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The world's biggest automaker, forecast a much bigger-than-expected $8.6 billion annual loss and said it would sell about 1 million fewer vehicles this year, leaving it desperately trying to cut costs in the grip of a severe market downturn.

Asian share rally pauses ahead of U.S. jobs data

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Asian shares edged lower ahead of U.S. monthly employment data due on Friday that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
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Volvo auction moves ahead; decision possible soon

Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
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Afghanistan's only pig quarantined in flu fear

Afghanistan's only known pig has been locked in a room, away from visitors to Kabul zoo where it normally grazes beside deer and goats, because people are worried it could infect them with the virus popularly known as swine flu.
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Haiti rejects Mexican aid ship due to flu fears

Haitian officials rejected a Mexican ship carrying mostly needed food aids due to swine flu fears. The news came Wednesday as Mexico ended a five-day shutdown designed to contain the virus.
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GM to reopen talks with UAW this week

General Motors is set to resume negotiations with the United Auto Workers union this week and believes everything should be open for discussion, the company's chief executive said on Tuesday.
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China says concerned by U.S. naval incident

China said on Wednesday it was concerned after a standoff in the Yellow Sea between a U.S. Navy surveillance ship and two Chinese fishing vessels, accusing the U.S. vessel of contravening international laws.
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China hydropower subprime carbon flood may slow

China's booming hydropower sector is facing mounting criticism for generating subprime carbon credits from projects that don't need extra earnings to succeed, raising the risk of tougher rules and putting billions of dollars of clean energy investments at risk.
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BofA and Citi shares sink on stress test worries

Bank of America needs $34 billion in extra cash, a source familiar with U.S. government stress tests on leading banks told Reuters, unsettling markets and stoking talk of a possible asset sale in China.
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Wal-Mart enters China's convenience store market

Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
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Yen rises, stocks slip on Bank of America needs

Stocks slipped and the yen rose on Wednesday after news Bank of America needs $34 billion in extra capital startled investors who had grown more comfortable with risk ahead of official results of stress tests on U.S. banks due on Thursday.
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Bankruptcy judge mulls Chrysler plan, GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Bankruptcy judge mulls Chrysler plan as GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Oil slips after setting 2009 high near $55

Oil slipped from its highest price this year near $55 a barrel on Tuesday as bulging oil inventories and falling energy demand outweighed fragile hopes for an economic recovery.
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Chinese, Mexicans return home as flu fears ease

Mexico was flying home dozens of its citizens on Tuesday quarantined in China over fears of a new flu virus and announced plans to revive its economy hit by the deadly epidemic, which showed signs of easing.
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China to stage 50,000-troop military drill: report

China's People's Liberation Army will hold a big training drill later this year to hone the modernizing force's skills in complex, high-tech warfare, the official Xinhua news agency reported on Tuesday.
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Oil sets 2009 high near $55 a barrel

Oil edged up toward $55 a barrel on Tuesday, reaching the highest price of 2009, as rising equities and hopes for an economic recovery countered swelling oil inventories and falling demand.
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Optimistic central bank comments boost stocks

Asian stocks rose to fresh seven-month highs on Tuesday as optimistic comments from central bankers bolstered confidence that the worst of the global economic downturn may have passed, offsetting anxiety about U.S. banks and their capital needs.
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Bank caution supports U.S. dollar, tempers stocks

The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains in Asian stocks.

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