JAPAN

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Saudis quit Caribbean oil storage

Saudi Arabia has quit a long-held lease for 5 million barrels of Caribbean oil storage near the key U.S. market and state giant PetroChina is poised to move in, industry sources say, a potentially major shift in global oil trade dynamics.

JAL stock hits record low on bankruptcy fears

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Japan Airlines Corp stock tumbled as much as 32 percent to a record low on Wednesday on growing expectations the struggling carrier was headed for bankruptcy under a state restructuring plan.

Daily Outlook - December 30

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President Barack Obama on Tuesday blamed a combination of human and systemic failures in security for allowing the botched Christmas Day attack aboard a U.S. airliner, in his first big test on homeland security.
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Facebook, Twitter top list of weird stories in 2009

From the German town that unwittingly advertised pornography on its website to the American who interrupted his wedding to update his Facebook and Twitter accounts, the world was full of weird stories in 2009.
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Australia leads Asia stocks as commodities gain

Australian shares rose on Tuesday, helped by gains in oil and metals and by merger activity, but stock markets elsewhere in Asia lagged as year-end activity dwindled and the dollar's rally ran out of steam.
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JAL shares touch record low on bankruptcy worries

Shares of Japan Airlines Corp fell as much as 11 percent to renew a record low on Tuesday as investor worries mount the carrier will be restructured in bankruptcy court as part of a state bailout.
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Japan PM to pursue thaw in India ties, boost trade

Japan's prime minister, who has promised to forge a new place for east Asia in international diplomacy, opened three days of talks in India on Monday focusing on engineering a further thaw in relations and boosting trade.
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Stock futures flat to higher; eyes on airlines

U.S. stock index futures pointed to a flat to higher open on Wall Street on Monday following the Christmas break, with futures for the S&P 500 up 0.07 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.27 percent at 4.17 a.m. ET.
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Japan factory output jumps, momentum in doubt

Japan's industrial output rose for the ninth consecutive month in November, driven by strong exports and domestic subsidies, but swelling inventories and falling wages threaten to end the longest climb in more than 12 years.
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Asian shares up on economy outlook, dollar hovers

Asian stocks rose on Monday on increasing optimism about the global economy, with Tokyo shares hitting their highest in four months, while the U.S. dollar gained against the yen and held firm against the euro.
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South Korea wins landmark Gulf nuclear power deal

A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favored U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
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S.Korea wins Gulf nuclear power deal

A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
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S.Korea wins $40 billion UAE nuclear deal

A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
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Japan can avoid double-dip recession: minister

Japanese National Strategy Minister Naoto Kan said on Sunday the country's economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions.
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Daily Wrap Up - December 25

A Nigerian man linked to al Qaeda tried to set off an explosive device aboard a U.S. passenger plane as it approached Detroit on Friday, but was overpowered by passengers and crew and the aircraft landed safely, U.S. officials said.

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