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Mitsubishi Motors may skip earnings forecast due to data scandal: source

Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

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Tesla says Model 3 orders top $10 billion in first 36 hours

By Paul Lienert DETROIT (Reuters) – Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours — a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, …

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Tesla says Model 3 orders top $10 billion in first 36 hours

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Panama lawyer at center of data leak denounces attack on privacy

The head of a Panama-based law firm at the center of a massive leak of offshore financial data on Sunday denied any wrongdoing, and said his firm has fallen victim to “an international campaign against privacy”. German newspaper Suddeutsche Zeitung said it received a cache of 11.5 million leaked documents from the law firm's database, and …

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Panama lawyer at center of data leak denounces attack on privacy

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Asian shares firm after solid U.S. jobs data, dollar soft

By Hideyuki Sano TOKYO (Reuters) – Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while last week's dovish comments from Federal Reserve Chair Janet Yellen kept the U.S. dollar in check. Oil…

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Asian shares firm after solid U.S. jobs data, dollar soft

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U.S. economic activity expanded, but conditions mixed: Fed

U.S. economic activity continued to expand in most districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face when they next meet to decide the path of interest rates on March 15-16. Consumer spending increased in

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U.S. economic activity expanded, but conditions mixed: Fed

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Pressure builds against short sellers targeting Tesla

Potential losses are building against traders who have bet against Tesla Motors Inc . The electric car manufacturer's stock has surged about 25 percent since it posted upbeat quarterly results in early February. At the same time, activity by short sellers – who bet that a company's shares will fall – has hit an all-time high, and the interest rate paid by short sellers has skyrocketed.

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Pressure builds against short sellers targeting Tesla

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Privacy groups urge U.S. judge to support Apple in iPhone case

(Reuters) – Digital privacy advocates have called on a U.S. federal judge to approve Apple Inc's request not to be compelled to build software to help the FBI unlock an iPhone used by one of the shooters in the …

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Privacy groups urge U.S. judge to support Apple in iPhone case

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Asia shares scale 7-week peak, commodities on the mend

Asian shares were bound for a third straight session of gains on Thursday as upbeat data on U.S. jobs and a rally in a range of commodities whetted risk appetites globally. MSCI's broadest index of Asia-Pacific shares outside Japan added another 0.9 percent to reach a seven-week top, having surged 2.6 percent on Wednesday. Japan's Nikkei

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Asia shares scale 7-week peak, commodities on the mend

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Central banks near policy limits but back in focus after G20

FRANKFURT/TOKYO (Reuters) – The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers. “Monetary policy is extremely accommodative to the point that it may even be counterproductive

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Central banks near policy limits but back in focus after G20

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Macy’s bets off-price stores within stores will drive traffic

(Reuters) – Macy's Inc plans to open Backstage off-price stores within some existing Macy's, betting that the benefit of bringing new customers into stores outweighs the risk of diluting the company brand and undercutting sales of full-price items.

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Macy’s bets off-price stores within stores will drive traffic

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