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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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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

U.S. says India refusal on WTO deal a wrong signal

NEW DELHI/SYDNEY - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible.

4:40am EDT

Lawyers expect hundreds of claims at start of GM ignition-switch fund

NEW YORK - Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.

31 Jul 2014

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