JAPAN

Global stocks tread water before U.S. job data

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Stocks steadied, bond yields dipped and the euro rose to a one-month high versus the dollar on Friday as investors braced for a key U.S. jobs report that could feed debate over whether the economy is headed for a protracted slowdown.

PSN is back but users not happy with the freebies offered

The 3D device will boast an innovative design that does away with split-screen gaming and means two players can see two different screens when looking at the device if they are wearing 3D glasses.
Even after being dead for more than a month, when Sony PlayStation network was restored, that too with freebies, the gamers worldwide were not happy. The network, that facilitates users to play virtually against each other, was back in full fledged action on Thursday six weeks after a disastrous hacker attack that hit more than 100 million gamers.
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Sputtering U.S. Economy, Look Out Below!

The slowdown has begun. The economy has started to sputter and unemployment claims have tipped 400,000 for the last seven weeks. Manufacturing is cooling, the housing market is struggling and consumers are keeping a close eye on spending, meaning the U.S. economy might be on a slower path to full health than expected.
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Japan panel: need to double sales tax by 2015 for welfare

A Japanese government panel on Thursday recommended doubling the country's sales tax in stages over the next four years to help pay for rising social security costs, though Prime Minister Naoto Kan's looming resignation and instability in his ruling party cast doubt over whether the policy will be implemented.
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BOJ's Nakamura upbeat on Japan recovery

Bank of Japan board member Seiji Nakamura said solid global growth will help Japan's recovery accelerate later this year but warned that the country cannot afford policy paralysis when the wounds of the devastating earthquake in March have yet to heal.
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Sharp smartphone shift to help boost profit: Nikkei

Japan's Sharp Corp said it plans to dedicate more than 70 percent of output at one of its liquid-crystal display panel plants to small panels for smartphones and tablets, a move the Nikkei newspaper says is expected to boost the company's 2011/2012 earnings.
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Equities down but not out on U.S. soft patch

Asian stocks slid on Thursday, with a steady stream of weak U.S. data putting a damper on risk taking ahead of Friday's payrolls report, though valuations will probably in the near term limit a big decline in global share prices.
Naoto Kan

Kan to resign after settling disaster issue

Prime Minister Naoto Kan, facing a no-confidence vote in the parliament said on Thursday that he would resign after solving nuclear crisis and other disaster related issues, reported Reuters quoting local media. Kan’s statement would raise the chances of him surviving a no-confidence vote later in the day and quell a party rebellion.
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Alibaba's Ma offers Yahoo some advice: break up

Alibaba founder Jack Ma didn't shed new light on his negotiations with Yahoo Inc and Softbank during an appearance at a conference on Wednesday, but he did offer some unexpected advice for Yahoo.
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GM, Ford report lower U.S. auto sales in May

General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.
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Instant view: Factory growth slows in May

Factory activity growth slowed in May to its lowest level since September 2009, suggesting a loss of momentum in the economy in the second quarter, according to the Institute for Supply Management.
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Airbus sees more sales and same cancellation rate

Airbus expects to bag more sales in 2011 than last year due to a revamped airplane model and should see a similar proportion of cancellations as in 2010, Chief Operations Officer Fabrice Bregier said on Wednesday.
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Futures tick lower with data on tap

U.S. stock index futures dipped on Wednesday after four straight days of gains for the benchmark S&P 500 as investors awaited data on the labor market and manufacturing.
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Futures edge lower ahead of data

U.S. stock index futures dipped on Wednesday after four straight days of gains for the benchmark S&P 500 as investors awaited data on the labor market and manufacturing.
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Wall Street set for lower open; jobs data awaited

Shares were set to open slightly lower on Wednesday, after strong gains in the previous session, and as investors awaited further economic data to gauge the strength of recovery in the world's biggest economy At 5:03 a.m. ET, futures for the Dow Jones, S&P 500 and Nasdaq were all down 0.1 percent.

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