JAPAN

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Gold slides to 3-month low as investment stalls

Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
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S&P cuts Japan sovereign rating

Standard & Poor's cut Japan's credit rating on Thursday for the first time since 2002, saying Tokyo had no plan to deal with its mounting debt, a warning that could rattle other heavily indebted rich countries.

Japan sees surge in shoplifting by the elderly

The number of elderly Japanese people committing acts of shoplifting has surged to an all-time high, a bizarre manifestation of the country’s economic stagnation, breakdown of social standards, and a rapidly aging population.
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Lenovo and NEC in Japanese joint venture to sell PCs

Lenovo, the world's No. 4 PC brand, will invest $175 million with NEC Corp to form a joint venture to sell personal computers in Japan, it said on Thursday, as it prepares to take on bigger rivals such as Hewlett-Packard and Dell.

S&P downgrades Japan debt rating

Ratings agency Standard & Poor’s has downgraded the sovereign credit rating of Japan, the third-biggest economy in the world, to AA- from AA.
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S&P rattles investors with Japan credit cut

The yen fell and investors took a cautious stance on stocks and riskier assets on Thursday after Standard & Poor's cut Japan's credit rating in a forceful reminder of the fragile state of some leading countries' finances.
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BSE Sensex drops; M&M, Sterlite fall

The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.
An undated handout photograph of Ranbaxy Laboratories' plant in Paonta Sahib, Himachal Pradesh.

Ranbaxy says CFO quits

Ranbaxy Laboratories Ltd, India's top drugmaker, said on Thursday its chief financial officer had resigned, the third top official to quit after Japan's Daiichi Sankyo took majority control.
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Japan exports accelerate, slowdown may be over

Japan's annual export growth picked up more strongly than expected in December as shipments to China jumped to a record high and auto demand in the United States recovered, reinforcing views that the economy will soon emerge from a lull.
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Dollar slips to 11-week low after Fed, stocks

The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.

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