JAPAN

Quake knocks Japan into recession

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Japan's economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains.
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Jobless claims fall more than expected

The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the labor market recovery remains on track.
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Tepco shareholders to be asked to help with crisis: Edano

Shareholders in Tokyo Electric Power Co <9501.T> will also be asked to help support the utility as it copes with compensating victims of its crippled nuclear plant in northern Japan, the government's top spokesman said on Thursday.
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Dollar down as commodities and global stocks rise

The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.
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Highlights: Japan economy contracts on quake damage

Japan's economy shrank 0.9 percent in January-March from the previous quarter, marking a second straight quarter of contraction, Cabinet Office data showed on Thursday, as the March earthquake and tsunami and ensuing nuclear crisis weighed heavily on capital spending and private consumption.
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WTO gives mixed verdict on Airbus appeal

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.
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Are you ready for the End?

If you've been following the preaching of Harold Camping, according to him, Judgment Day is merely days away. So set your clock for 6pm on Saturday, May 21st.
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Canon sees sales boost from supply chain

Japanese camera and copier maker Canon Inc <7751.T> expects its quake-hit supply chain to recover more quickly than originally estimated, giving a roughly 50 billion yen ($600 million) boost to its annual sales, the company's chief executive said.

New Apple Product = iTV?

Apple's assault on the living room likely means the introduction of another Apple appliance or device and Apple TV is the best thing the Cupertino, California-based company can do.

Sony releases FAQ to make up for PSN issues

Sony has come up with frequently asked questions (FAQ) guidelines to address the queued costumers after the discontinuation of service for its PlayStation Network (PSN) due to repeated hacking attacks.

Post-Fukushima study reveals delay in capping nuclear leak

The reconstruction of disaster that hit Fukushima Daiichi nuclear plant on March 11 this year, published by the Wall Street Journal shows the deterioration of the nuclear plants in the first 24 hours was much faster as opposed to what was comprehended earlier.
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Takeda to reveal purchase of Nycomed Wednesday

Takeda Pharmaceutical Co <4502.T>, Japan's largest drugmaker, will announce the 1 trillion yen ($12 billion) purchase of closely held Swiss rival Nycomed on Wednesday as it seeks to expand in Europe and emerging markets, Japanese business daily Nikkei reported.
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Asia stocks rise amid caution over euro debt, U.S. data

Asia shares rose from a six-week low Wednesday, led by consumer stocks, but disappointing U.S. data have made some investors reluctant to follow commodity prices higher, containing a bounce in risky assets from currencies to oil.

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