JAPAN

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S&P cuts Japan sovereign rating outlook on quake costs

Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devastating earthquake will hurt already weak public finances unless bickering politicians can agree to raise taxes.
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Japan retail sales tumble, recovery likely uneven

Japanese retail sales fell in March at the fastest annual pace since 1998 and could remain weak for some time as last month's earthquake, radiation leaks from a damaged nuclear reactor and fears of electricity shortages weigh on consumer sentiment.
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Dollar hits 3-year low before Fed, Asia stocks up

The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision where it is expected to reinforce its ultra-easy policy stance while stocks in Asia's developed markets rose, tracking a strong close on Wall Street.
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Ericsson set to gain from tech gear rebound

First quarter results from Ericsson look set to benefit from a recovery in the global network gear market that could help soften any impact on its supply chain from the earthquake in Japan.
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Amazon eyes rosy revenue

Amazon.com gave a confident revenue forecast that suggested its aggressive expansion into new businesses is paying off, soothing concerns about its slimmed-down profit margin.
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Lost Japan sales hurt U.S. company profits

The Japan disaster and aftermath are cutting into the sales and profits of U.S. companies that serve Japanese consumers, from Coca Cola to Coach Inc and 3M Co , even though shoppers are showing some resilience.
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Wall Street at year highs, Fed may pose hurdle

Solid earnings from Ford, 3M Co and United Parcel Service lifted stocks on Tuesday, but the rally to around three-year highs may face a hurdle as the Federal Reserve begins a policy meeting.
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Coach profit rises but says Japan will hurt

Coach Inc reported a higher-than-expected quarterly profit as sales at its North American stores soared, but the upscale handbag maker warned that the disasters in Japan would dent results.
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UPS profit beats estimates, shares rise

United Parcel Service reported a quarterly profit that beat estimates as price hikes stuck, and the world's largest package delivery company raised its 2011 forecast for record results.
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China, India lift 3M profit above expectations

Industrial and consumer goods conglomerate 3M Co reported higher-than-expected quarterly profit on Tuesday, helped by sales to emerging markets, and raised its full-year profit forecast.
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Coca-Cola profit misses on expenses, earthquake

Coca-Cola Co's quarterly results slightly missed Wall Street estimates, as the Japan earthquake and the timing of marketing expenses overshadowed strong sales volume, and its shares fell 2.3 percent.
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Gold, silver retreat from records, eyes on Fed

Silver and gold tumbled on Tuesday as investors sold on uncertainty about the direction of monetary policy in the United States, but a softer dollar helped support prices and sentiment.
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Coca-Cola profit falls slightly short

Coca-Cola Co's quarterly profit missed Wall Street estimates by a penny, hurt by lost revenue in Japan, and its shares fell 1.4 percent in premarket trading.
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UBS sees money pour back as rebuilds trust

UBS appeared to put the financial crisis behind it, with money pouring back into its core wealth management arm in the first quarter, although its investment bank struggled to regain momentum.
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Silver slide ripples out, Fed in focus

Silver tumbled before finding a footing on Tuesday, dragging prices of gold and oil with it and subduing European shares, although investors were wary of taking strong positions ahead of a U.S. Federal Reserve policy meeting.
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Canon cuts profit outlook, parts recovery still months away

Japan's Canon Inc <7751.T> reported a 5 percent fall in quarterly operating profit and slashed its annual outlook to below market expectations as it tries to deal with a quake-hit supply chain that it said was months away from being fixed.

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