JAPAN

Google Wallet, is it really safe?

According to Google website, Google Wallet is designed and engineered to enable safe payments, going beyond the security level of traditional wallets and cards.
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Corporate profits drop in Q1, GDP unrevised

Corporate profits in the U.S. unexpectedly contracted in the first quarter to record their first decline in more than two years and the economy grew at the same pedestrian pace as previously estimated, a government report showed on Thursday.
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Asia stocks, euro jump with risk in fashion

Asian stocks were on course for their biggest gain in a month on Thursday, led by resources and consumer sectors, with recovering commodity prices and the euro's rebound toward $1.42 bringing investors back into the markets in search of bargains.
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Data points to slowing manufacturing activity

New orders for U.S. manufactured goods posted their largest drop in six months in April after a steep fall in demand for transportation equipment, suggesting some cooling in factory activity.
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Durable orders slump in April on autos, aircraft

New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, indicating the economy remained stuck in a soft patch.

TEPCO Admits Other Reactors Melted Down

Tokyo Electric Power Corp. admitted that more than one reactor at the Fukushima Daiichi nuclear power plant suffered a meltdown in the wake of the earthquake and tsunami that hit the country in March.
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Durable goods orders slump in April on autos, aircraft

New orders for long-lasting U.S. manufactured goods fell more than expected in April to record their largest decline in six months as aircraft and motor vehicle orders tumbled, a government report showed on Wednesday.
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BOJ sees recovery signs, exports slump taken in

Japan's economy is already showing signs of recovering from a slump that followed a devastating earthquake in March, Bank of Japan Governor Masaaki Shirakawa said on Wednesday while stressing that the central bank would remain vigilant about economic risks.

Apple iPhone Still Expected to Outgrow Market: Analyst

Barclays Capital still believes Apple Inc.'s (NASDAQ: AAPL) iPhone is well positioned to grow faster than the smartphone market over the long-term. The brokerage reiterated its overweight rating on shares of Apple with a price target of $465.
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Crude oil trades near $99 a barrel

Crude oil prices declined in Europe trade as strengthening U.S. dollar and weaker-than-expected decline in U.S. crude stockpiles weighed.

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