JAPAN

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Shinsei set to post $1 billion loss: sources

Japan's Shinsei Bank , one-third owned by buyout firm JC Flowers, is likely to post a net loss of about 100 billion yen ($1.1 billion) for the year ended in March and its president plans to resign, sources familiar with the matter said on Wednesday.

Talbots' profit shows proof of turn, shares rise

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Women's clothing retailer Talbots Inc posted a much better-than-expected quarterly profit and forecast higher sales as its turnaround efforts take hold, sending its shares up nearly 5 percent.

FOREX-Euro slips vs most currencies as Greece woes dominate

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The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.
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Honda unveils all-electric scooter, China in sights

Honda Motor Co unveiled on Tuesday an all-electric scooter that will mark its first attempt at mass-marketing zero-emission motorbikes, with an eye to eventually taking on rivals in the massive Chinese market.
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Sharp to join 3D TV battle with advanced display

Japan's Sharp Corp said it would begin selling 3D-capable LCD TVs in Japan this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next growth driver.
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Stock futures signal gains ahead of Alcoa

Stock index futures pointed to a higher open on Wall Street on Monday, helped in part by easing worries over sovereign debt after euro zone finance ministers approved a massive aid plan for debt-stricken Greece.
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IATA chief says more airline mergers a must

Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said on Monday.
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Sharp to launch 3D TVs this summer

Japan's Sharp Corp said it would begin selling 3D TVs this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next hit product.
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Euro surges on Greek aid, stocks climb

The euro posted its sharpest daily gain in two months on Monday and Asian stocks hit 22-month highs after a giant emergency aid plan for Greece boosted demand for riskier assets across the board.
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Activision countersues former executives

Activision Blizzard Inc has countersued two former executives, charging them with attempting to hijack the company's assets and threatening the future of its blockbuster Call of Duty video game franchise.
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3D TV to face global test in soccer World Cup

Hundreds of thousands of soccer fans are likely to get their first taste of live 3D viewing during this year's World Cup, the vast majority of them in cinemas rather than at home, according to football body FIFA.
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Copper may be the dark horse in 2010-11

On Tuesday, news agencies reported that London Metal Exchange copper rallied to a 20-month high above $8,000 a tonne. This rally is a hint for the things to come in the new financial year. If you take note of the new trend in copper market, the metal has jumped 165% from its low during the bad days of late 2008 and early 2009. Along with that, lead and nickel also climbed 150%, and zinc has jumped 125% .
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BHP Billiton hikes iron ore price for Asia steel makers

One of the world's leading miner, BHP Billiton has hugely hiked iron ore price for some of its Asian customers for second quarter in 2010. According to sources, BHP has managed to secure a 99.7 per cent price hike for iron ore, up from the $60-a-tonne price settled through the annual contract system for 2009-10.
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Asian stocks near 22-month highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Asian stocks near 22-mth highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Japan Airlines to cut 16,500 jobs

Japan Airlines Corp plans to reduce its workforce by a third within the fiscal year to lower labor costs by 81.7 billion yen a year, the Nikkei business daily said.
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Greek debt concerns return to hit euro

The euro fell against both the dollar and yen on Tuesday on renewed worries about Greek debt but European equities hit fresh 18-month highs, outperforming flat global share markets.
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Stock futures dip, Fed minutes eyed

U.S. stock index futures dipped on Tuesday ahead of the release of minutes from the U.S. Federal Reserve, likely to provide clues to the Fed's thinking on interest rates, while the Dow approached the 11,000 mark for the first time since September 2008.
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Stock futures signal dip in early trade

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.29 percent, Dow Jones futures down 0.16 percent and Nasdaq 100 futures down 0.16 percent at 3:30 a.m. EDT.

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