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Economy signals a sluggish rebound

Economy signals a sluggish rebound

The economy gained momentum for a third straight month in August, growing 0.3 percent from September and putting to rest fears of a recession, but not showing enough strength to trigger interest rate hikes
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Banks Lead European Shares Lower

Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
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European Shares Lower but October to be a Strong Month

Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
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Oil Prices Down as Dollar Gains on Yen

Oil prices eased on Monday, with Brent slipping below $110, as the dollar rose against the yen after Japan intervened in the currency markets to stem the rise of the yen.
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Yen Drops to 3-Month Low Against Dollar

The yen dropped to a three-month low against the dollar on Monday after Japan intervened in the market to curb the currency's rise even as traders said more official action is needed for a sustained impact.
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In the shadow of Olympus, Japan frets about its other scandal

The scandal engulfing Olympus Corp <7733.T> isn't the only corporate governance hot potato in Japan. Revelations by tissue maker Daio Paper Corp <3880.T> of management that had spun out of control is adding pressure on Olympus to bare all to an investigative panel it has promised to assuage investor angst.
Silhouettes of passersby are reflected on an electronic board displaying a graph showing yen-dollar exchange rates outside a brokerage in Tokyo

Futures drop With Commods After Yen Intervention

Stock index futures fell in lackluster volume on Monday, following four weeks of equities gains, as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets.
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Japan Inc. struggles with yen rise, Thai floods

Japan's biggest corporations are facing an ever tougher fight to keep up with their nimble Asian rivals as the soaring yen and Thai flooding hit manufacturers already battling consumer gloom in Europe and the United States.
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Toshiba ekes out Q2 profit growth, keeps forecast

Toshiba Corp, Japan's biggest chip maker, eked out a rise in quarterly operating profit on cost cuts in its PC and smartphone display businesses, and kept its earnings outlook unchanged above expectations.
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Japan intervenes to tame soaring yen ahead of G20

Japan sold the yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.
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Panasonic Cuts Annual Outlook to Worst Loss in Decade

Japanese electronics maker Panasonic Corp slashed its annual outlook to a $5.5 billion net loss on Monday, its worst in a decade, as restructuring costs soared and weak demand in the United States and Europe eroded income.
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Panasonic cuts annual outlook to worst loss in a decade

Japanese electronics maker Panasonic Corp slashed its annual outlook to a $5.5 billion net loss on Monday, its worst in a decade, as restructuring costs soared and weak demand in the United States and Europe eroded income.

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