JAPAN

Swiss franc hit all-time high vs USD

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The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
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Factory in Japan

Elusive Rebound Better Come Soon

American consumers, faced with grim job prospects and the looming threat of a national debt default, are in no position to support the global economy with a new wave of spending.
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Japan automakers' Q1 hit by quake

Quarterly earnings at Asian automakers will show Japanese automakers at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets.
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BOJ Shirakawa: must closely watch recent yen rises

Bank of Japan Governor Masaaki Shirakawa said on Monday that the central bank needs to closely watch recent rises in the yen, which may hurt the country's economy by undermining exports, corporate revenue and sentiment.
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Stocks fall, gold at record high on US debt crisis

Stocks slipped while the Swiss franc rose and gold hit a record high on Monday as hopes for a political deal to avert a U.S. default began to fade, though investors were mostly seeking to protect their portfolios with no signs of panic selling.
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Japan plans $128 bln in reconstruction bonds: Nikkei

The Japanese government plans to issue 10 trillion yen ($128 billion) in reconstruction bonds and cut spending by 3 trillion yen to pay for more projects to rebuild the devastated northeast, the Nikkei business daily reported on Sunday.
Apple Thunderbolt Display

What Is Thunderbolt?

Apple rolled out the latest iteration of its new ultra-thin portable, the Macbook Air, touting new software and something called Thunderbolt -- but what exactly is Thunderbolt?
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POSCO meets forecast but warns of slow demand, high costs

POSCO <005490.KS>, the world's No.3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.

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