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Units falsified product data: Mitsubishi Materials

Subsidiaries of Mitsubishi Materials have falsified product data, the company said Thursday, becoming the latest major Japanese firm to admit problems with quality control. The company said in a statement…

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Angry Birds owner posts loss even with leap in sales

Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales. Sales reached 70.7 million euros (nearly $84…

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Singapore to run self-ruling buses from 2022

SINGAPORE: Singapore is hoping to deploy autonomous buses on public roads in three different districts of the city-state from 2022 to provide better connectivity, the country’s Ministry of Transport said…

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Dollar paces water, topped by weakening long-term U.S. nets

The dollar index against a basket of six major currencies was little changed at 93.941. The index fell back from a one-week high of 94.165 overnight after a rally triggered…

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Euro stabilizes after biggest occurring fall in a month

LONDON: The euro steadied on Tuesday after notching up its biggest fall in nearly a month in the previous session as investors shrugged aside concerns of any fallout from the…

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Asia stocks hit 10-year high on universal optimism expansion

TOKYO (Reuters): Asian stocks rose to a 10-year high on Tuesday as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a…

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Honda recollects 800,000 minivans over flawed seats

Honda is recalling about 800,000 of its Odyssey minivans in the United States over faulty parts blamed for 46 minor injuries, the company said, just a month after settling a…

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Toshiba to raise $5.4 bn through a sale of new shares

TOKYO: Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more than 30 overseas investors,…

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Tesla’s untied ambition to drain finances: Analysts

Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck. A new roadster and accelerated production of a high-volume electric…

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China central bank adviser awaits less bullish deleveraging in 2018

BEIJING: A Chinese central bank adviser said on Thursday that he expects the government’s financial deleveraging to be less forceful next year, A campaign that has weakened credit expansion at…

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“Square” tests “Bitcoin” buying and selling

Payments company Square Inc (SQ.N) states that it has started allowing select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze…

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Bitcoin slips by $1,000 in less than 48 hours

LONDON: Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday, as some traders dumped it for a clone called Bitcoin…

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