IBT Staff Reporter

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BOJ to hold fire, stick to recovery view despite quake

The Bank of Japan is expected to sharply cut its economic forecast for the current fiscal year due to last month's devastating earthquake but project a rebound in the autumn, signaling that it has eased monetary policy enough to keep the economy afloat at least for now.

Boeing plant lapse eyed in jet tear probe: report

U.S. investigators suspect a manufacturing lapse at a Boeing Co plant 15 years ago could be to blame for a midair tear in a Southwest Airlines Co aircraft earlier this month, the Wall Street Journal reported on its website on Sunday.

NYSE sees higher savings in Deutsche Boerse deal

NYSE Euronext sees cost savings in its $9.8 billion deal with Deutsche Boerse at closer to 400 million euros ($583 million), up by about a third from its initial estimate, according to a Big Board spokesman on Sunday.

NYSE sees more cost savings in Deutsche Boerse deal

NYSE Euronext sees cost savings in its $9.8 billion deal with Deutsche Boerse at closer to 400 million euros ($580 million), up by about a third from its initial estimate, according to a Big Board spokesman on Sunday.

A fragile global recovery?

Data on how the U.S. and British economies fared in the first three months of the year due next week will likely highlight the tenuous nature of the recovery from recession in developed countries.

Libya War Intensifies 100 Miles from Capital

Libyan rebels say there is intense fighting taking place 100 miles east of Tripoli, after forces loyal to leader Muammar Gaddafi retreated to the outskirts of Misrata, a gateway city to the capital. The forces began launching rockets into the city, a rebel spokesman said.

Arsenal title hopes almost ended at Bolton

Arsenal remain with just a mathematical chance of winning the title after a 2-1 loss at Bolton Wanderers left them nine points behind leaders Manchester United in the English Premier League.

Russia Kaspersky Lab says founder's son freed

Russian law enforcement agencies freed the 20-year old son of Kasperky Lab's founder Eugene Kaspersky following a kidnapping last week, the leading anti-virus software firm said in a statement on Sunday.

Chinese inflation to ease: government

China's inflation will fall slightly in the second half of 2011, but it will be tough to keep the full-year rise in consumer prices below the government's 4 percent ceiling, an official said in remarks reported on Sunday.

It's growth, but not as we know it

Large blue chips, including some consumer-oriented companies, will have to show they can counter sluggish developed economies by leveraging growth in emerging markets and technology -- if Wall Street is to maintain earnings momentum this week.

China, S. Korea rebuff Japan on import restrictions after quake

China and South Korea rebuffed on Sunday Japan's calls for more reasonable restrictions on imports of food and other products that could be contaminated with radiation after last month's nuclear disaster, showing the difficulty Japan will face in restoring trust in its products.

BoJ Shirakawa sees Japan economy contraction in Jan-June

Bank of Japan Governor Masaaki Shirakawa said the country's economy will likely shrink in the first half of 2011 due mainly to stalled output in the wake of Japan's March 11 earthquake and tsunami, the Wall Street Journal reported on Saturday.

Ex-Sony chief Ohga, who led push into music and movies, dies

Former Sony President and Chairman Norio Ohga, who gave up a career as an opera singer to join the fledgling consumer electronics maker in the 1950s and later led its expansion into movies and video games, died on Saturday, the company said. He was 81.

Manchester United Vs Everton Live Coverage

As the finale draws near, Manchester United will face Everton at Old Trafford, looking to maintain their six-point lead at the top in a bid to win a record 19th title.

Shanghai offers fee cuts to defuse drivers' strike at port

The government of the Chinese city of Shanghai is cutting some fees to defuse striking truck drivers' anger over high fuel prices, an official spokesman said Saturday, after days of confrontation earlier this week disrupted the world's busiest port.

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