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Japan economy shrinks more than expected, highlights lack of policy options

Japan's economy shrank more than expected in the final quarter of last year as consumer spending and exports slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery. The data underscores the challenges premier Shinzo Abe faces in dragging the world's third-largest economy out of stagnation, as exports to emerging markets fail to gain…

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Japan economy shrinks more than expected, highlights lack of policy options

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China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …

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China says EU should take steel dumping claims to WTO

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China December official PMI likely to show fifth month of contraction

Activity in China's manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world's second-largest economy to its slowest annual growth in a quarter of a century. The official manufacturing Purchasing Managers' Index (PMI) is forecast to inch up to 49.7 from November's 49.6, according to a median forecast of 27 economists in a Reuters poll. Analysts expect only a marginal improvement in the vast manufacturing sector in December from …

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China December official PMI likely to show fifth month of contraction

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Prospects still slim for major global economic pickup

By Ross Finley, Silvio Cascione and Rahul Karunakar LONDON/BRASILIA/BENGALURU (Reuters) – The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The U.S. Federal Reserve's long-awaited rise in …

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Prospects still slim for major global economic pickup

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U.S. crude oil prices dip after unexpected rise in stockpiles

Crude prices dipped in early Asian trading hours on Wednesday as U.S. stockpiles rose against expectations, compounding a glut that is seeing hundreds of thousands barrels of oil being produced every day in excess of demand. The increase …

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U.S. crude oil prices dip after unexpected rise in stockpiles

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Pfizer to buy Allergan in $160 billion deal

By Ransdell Pierson and Bill Berkrot NEW YORK (Reuters) – Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver. The acquisition, which would create the world's largest drugmaker and shift Pfizer's headquarters to Ireland, would also be the biggest-ever instance of a U….

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Pfizer to buy Allergan in $160 billion deal

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Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

Carlos Slim's brother interrogated leftist rebels for Mexico's intelligence agency while his eldest son often hands out a biographical novel about Leon Trotsky as a gift, according to a new book on the tycoon who was long the world's richest man. The biography, by far the most comprehensive written on Slim, seeks to show how the Mexico City businessman navigated local politics to become the world's richest man in a country where almost half …

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Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

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Nissan joins automakers dropping Takata air bag inflators

Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars. Nissan joins most major automakers, including Toyota Motor

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Nissan joins automakers dropping Takata air bag inflators

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