Worldwide News
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Sony, Panasonic Withstand Strong Yen With Forecasts
Sony Corp. and Panasonic Corp., the world’s largest consumer-electronics makers, signaled Japanese technology companies are withstanding slowing European demand and the stronger yen after raising their earnings forecasts .
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Nomura Profit Declines to 2.3 Billion Yen on Investment Banking, Trading
Nomura Holdings Inc. , Japan’s biggest brokerage, said profit fell 80 percent in the first quarter on a slump in investment banking and trading.
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Chalco Shares Rise on $1.35 Billlion Investment in Guinea Iron Ore Project
Aluminum Corp. of China Ltd. , the nation’s biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a stake in Rio Tinto Group’s Simandou iron ore project in Guinea.
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DPJ Lawmakers Urge Kan to Focus on Growth, Push Bank of Japan on Deflation
Lawmakers from Japan’s ruling party pressed Prime Minister Naoto Kan to shift the focus of his economic policy to growth from fiscal restraint and urge the central bank to do more to tackle deflation.
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