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Asia stocks slide as Deutsche sours mood, oil pulls back

SINGAPORE Asian stocks extended losses on Friday as worries about the health of Deutsche Bank weighed on financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output.

Banks and central banks

Recent Business News

Deutsche CEO tries to reassure staff as shares plunge

FRANKFURT/LONDON Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust, telling them that the departure of any hedge fund clients was small compared to the bank's vast customer base.

5:17am EDT

U.S. House panel lambastes Wells Fargo boss over phantom accounts

WASHINGTON/NEW YORK U.S. lawmakers called on Thursday for Wells Fargo & Co chief John Stumpf to resign and a top House Democrat demanded the bank be broken up because it is too big to manage. | Video

Sep 29 2016

China factories limp along, Japan inflation goes backwards

SYDNEY China's factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth.

China, Japan Sep 29 2016

Google rebrands cloud business, adds more artificial intelligence

Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business.

Sep 29 2016

Samsung slammed by Chinese state TV over Note 7 recall 'discrimination'

HONG KONG Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co for what it said was "discrimination" against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace batteries.

Tech, China, South Korea 2:31am EDT

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