JAPAN

Japan's Elpida to outsource chips to Taiwan ProMOS

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Japanese chip maker Elpida said it will outsource production of advanced PC memory chips to Taiwan's ProMOS, a move aimed at locking in production capacity in Taiwan, cutting costs, and putting it on stronger competitive footing against its big South Korean rivals.

Asia stocks, oil advance before U.S. job numbers

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Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
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Sumitomo Trust, Chuo Mitsui say to merge

Sumitomo Trust and Banking Co Ltd and Chuo Mitsui Trust Holdings Inc said they plan to merge, creating Japan's largest trust bank with scale to better compete in a crowded asset management industry.
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Toyota surprises with quarterly profit

Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
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U.S. fully committed to Japan as feud simmers

A U.S. diplomat said on Thursday that Washington was fully committed to its alliance with Japan, as the two governments prepared for a visit by President Barack Obama that has been clouded by a feud over a U.S. Marine base.
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NEC to raise $1.7 bln in share offer-sources

NEC Corp, Japan's largest PC maker, plans to raise up to 150 billion yen ($1.7 billion) in a share offering to shore up its capital and invest in growth businesses, four sources familiar with the matter said.
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JAL to brief on route, flight changes

Japan Airlines Corp, which is seeking a state bailout, said it would hold a briefing on changes to its route and flight frequency plans on Thursday at 2 a.m. EST.
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Toyota reports surprise profit, outlook bumpy

Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world's No.1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll.
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Global stocks slide after Fed, ahead of ECB

World stocks slid on Thursday following the Federal Reserve's decision to keep interest rates near zero for an extended period and ahead of policy decisions by the European Central Bank and Bank of England.
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Toyota surprises with quarterly profit, halves loss outlook

Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast were not enough to convince investors that the world's No.1 carmaker had escaped the worst, as government subsidies peter out and a strong yen takes its toll.
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Toyota posts surprise profit, raises outlook

Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
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Asian shares dip on Fed outlook

Asian shares fell on Thursday, while the dollar recovered most losses made after the U.S. Federal Reserve vowed to keep rates near zero for an extended period and saw a sluggish recovery in the world's biggest economy.
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Oil down towards $79 on weak equities, firmer dollar

Oil fell toward $79 a barrel on Thursday, after a steep decline in U.S. crude inventories sent prices up 1 percent the previous day, as traders look to the fall in equities markets and firming dollar to take profits.
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Asia shares dip; dollar shaky on cautious Fed

Asian shares dipped on Thursday, and the dollar fell after the Federal Reserve vowed to keep rates near zero for an extended period and said the recovery of the world's biggest economy would be sluggish.
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Chrysler pitches turnaround plan

The mood in the global automotive industry has shifted to cautious optimism, marked by the unveiling on Wednesday of Chrysler's turnaround plan and General Motors' plan to keep its Opel unit.
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U.S. 30th in global infant mortality

The United States ranks 30th in terms of infant mortality, an important measure of the quality of healthcare, according to a report released on Tuesday.
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UPDATE 3-BOJ's Shirakawa reassures markets low rates to stay

The Bank of Japan will keep interest rates near zero even as downside risks to the economy subside, the central bank governor said, reassuring investors its withdrawal from credit markets does not signal an exit from its ultra-easy monetary policy.
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Asian stocks edge higher ahead of Fed decision

The dollar steadied below a one-month high against a basket of currencies on Wednesday, while Asian stocks edged higher in muted trade ahead of a policy announcement from the Federal Reserve that kept investors wary.
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Toyota to quit Formula one: report

Toyota Motor is set to announce its withdrawal from Formula One racing after this year, Japan's Mainichi newspaper reported Wednesday.
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Dollar edges down, Asia stocks up before Fed

The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary.
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Asian shares ease ahead of Fed

The dollar slid on Tuesday, pushing gold prices to near record highs, while Asian stocks eased as investors awaited policy announcements from some key central banks this week for clues on the timing of eventual shifts in policy.

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