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Asia stocks hobbled by growth anxiety, China PMI fails to impress

TOKYO - Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

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Chinese trainmakers set to go head to head for California deal

SHANGHAI - China's CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd.

2:41am EDT

Monte Paschi and Carige set to face capital gap in ECB tests: Bloomberg

MILAN - Italian banks Monte dei Paschi di Siena and Banca Carige are likely to need additional capital to plug shortfalls found by the European Central Bank (ECB) in region-wide bank stress tests, according to a media report.

3:37am EDT

Tesco scraps profit outlook as accounting black hole deepens

LONDON - Tesco reported a bigger than expected hole in its accounts on Thursday after finding mistakes in booking income had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.

3:40am EDT

AT&T revenue misses forecasts as more customers bring own phones

WASHINGTON - AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices. | Video

Tech, Media 22 Oct 2014

U.S. prosecutors probe Takata Corp over statements: WSJ

NEW YORK - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday.

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