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Asia stocks sideswiped by Wall Street, but China motors on

SYDNEY - Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.

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Britain's RBS places restrictions on lending in Russia

LONDON - Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine.

3:52am EDT

China's factories spring to life as global trade reawakens

SYDNEY - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade.

1:10am EDT

Argentine markets fall post-default, New York hearing on Friday

BUENOS AIRES - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors. | Video

12:43am EDT

BOJ's Kuroda defends upbeat economic view despite soft data

TOKYO - Bank of Japan Governor Haruhiko Kuroda came out fighting on Friday, giving a spirited defence of the economy's performance after a run of weak data, and reiterated his readiness to expand stimulus if inflation faltered on the path to his 2 percent target rate.

1:59am EDT

China PMIs jump to multi-month highs in July, add to view economy is steadying

BEIJING - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulus measures.

12:28am EDT

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