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Toyota reports 14.5% drop in profit on yen, decline in sales

Toyota Motor Corp. reported Thursday a 14.5 percent drop in profit for the fiscal first quarter as sales fell and a strong yen slashed earnings for the Japanese automaker.

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Cigarettes become top sellers at Incheon Airport's duty-free shops

Cigarettes have become the top-selling item at Incheon International Airport's duty-free shops.

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Japan's traditional electronics firms face hard time

Japanese electronics maker Panasonic announced on Friday a slump of 63.5 percent in its April-June group net profit, which once again shows that Japan's traditional electronics firms are facing a difficult time.

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Baidu posts biggest profit decline since going public

Baidu Inc, China’s largest Internet search company, posted its steepest-ever quarterly profit decline and slowest growth in revenue in nearly eight years, hit by a healthcare scandal that ensnared the company this year.

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Yahoo, once Web pioneer, to turn into investment company

Yahoo Inc., once a Silicon Valley legend and Web pioneer, will turn into an investment company with a different name at closing of its deal with Verizon Communications Inc.

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Death toll from Hebei storms climbs to 114

Torrential rain and floods have left 114 people dead and 111 others missing in north China's Hebei Province as of 6 p.m. on Saturday, according to the provincial civil affairs bureau.

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German economy remains solid despite risks over Brexit: Finance Ministry

The German economy remains solid despite external risks result by Brexit, said German Finance Ministry in its monthly report on Thursday.

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Kuala Lumpur to Singapore in 90 minutes by bullet-train

Malaysia and Singapore signed an agreement Tuesday to build an ambitious high-speed rail link touted as a first for Southeast Asia that will knit the historically fractious neighbours more closely together.

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Cloud business boosts Microsoft's quarterly revenue, shares rise

​Sharp growth in its commercial cloud computing business helped lift Microsoft Corp's (MSFT.O) quarterly revenue above Wall Street's expectations, sending the technology company's shares up more than 4 percent in after-hours trading.

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Japanese chat app Line Corp soars in New York-Tokyo debut

Shares of Japanese messaging app operator Line Corp (3938.T) (LN.N) were set to surge in Tokyo on Friday after soaring as much as 36 percent in their U.S. market debut, valuing the startup at $9.3 billion in the biggest tech IPO this year.

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Wal-Mart heirs again top Forbes list of 25 richest U.S. families

The Walton family, which owns roughly a 50 percent stake in retailer Wal-Mart Stores Inc (WMT.N), was named the richest family in the United States for a third consecutive year on Wednesday, according to Forbes.

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AIRBNB could soon be the second-most valuable start-up in the U.S.

​The news comes a day after Airbnb sued its hometown city of San Francisco over a law it helped pass.

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BREXIT chaos caused the world’s richest people to lose $99 billion in one day

​As much of the world braces for belt-tightening, the 10 richest men are already feeling a pinch.

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Myanmar's Yangon railway station project to be launched next year

Myanmar's Yangon 2.2 billion U.S. dollars' Central Railway Station comprehensive development project is expected to be launched in May 2017, official media reported Monday.

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PBOC pumps 100 bln yuan into market

​China's central bank on Monday pumped 100 billion yuan (15.12 billion U.S. dollars) into the market to provide liquidity.

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Land prices in major China cities go soaring

What does it take to buy one fifth of China's largest property developer and become its single largest shareholder?

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Norway plans to hike military funding over "deteriorated" security situation

The Norwegian government on Friday proposed a substantial increase in military funding to tackle "deteriorated" security situation in its long-term plan for the Nordic country's armed forces.