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U.S. government concerned at hacking of Japan arms firms

The United States on Wednesday expressed concern about recent cyber attacks on defense contractors in Japan, which build U.S.-designed missiles, warships and military aircraft, calling for the attacks to be taken seriously.
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Japan exports disappoint, could weaken further

Japan's exports rose in the year to August at less than half the pace expected as a global economic slowdown, a strong currency and Europe's sovereign debt crisis put Japan's own recovery increasingly in doubt.
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Asian Markets Stable, Awaiting Fed Action

Asian stocks drifted slightly lower Wednesday and the euro clawed back lost ground as investors waited for the end of a Federal Reserve policy meeting that may act to stimulate the U.S. economy.
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Stocks steady ahead of Fed, euro recovers

Asian stocks drifted slightly lower and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.
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U.S. concerned at hacking of Japan arms firms

The U.S. government is concerned about cyber attacks on Japanese defense contractors including Mitsubishi Heavy Industries, which builds F-15 fighter jets, Patriot missiles and other U.S. designed weapons for Japan's military, urging such attacks be taken seriously, the U.S. embassy in Tokyo said.
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
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IMF calls on Europe to get act together on debt

Europe needs to get its act together and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe repercussions for global growth.
India-Nepal quake

India Earthquake: Rescuers Push into Isolated Towns

Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.
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IMF warns U.S., Europe could slip into recession

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said on Tuesday.
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Japan tells arms supplier to probe cyber attack

Japan told its biggest weapons supplier, Mitsubishi Heavy Industries, to investigate a cyber attack on its computers on Tuesday, warning it may have breached contracts to supply billions of dollars of equipment by keeping quiet about the online assault.
A woman walks past Milan Stock Exchange

Italy Credit Downgraded, French Banks Pressured

Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.

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