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Asia stocks rise as focus shifts from risk aversion, Aussie spikes

TOKYO - An index of Asian shares touched a fresh three-year high on Wednesday as some markets focused on company earnings more than geopolitical tensions while the Australian dollar spiked on stronger-than-expected inflation data.

Recent Business News

Wall Street rejects Ackman's Herbalife 'death blow'

NEW YORK - Billionaire investor William Ackman's latest volley of accusations against Herbalife Ltd on Tuesday missed its mark on Wall Street, with investors sending the stock price soaring 25 percent.

2:10am EDT

With sales sputtering, Apple's iPad looks to IBM alliance

SAN FRANCISCO - Apple Inc's iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp could rejuvenate a flagging product by entering into a largely untapped corporate market.

Deals, Tech, Media, iPad 22 Jul 2014

Watch what markets don't do as world politics turns nasty

LONDON - Like so much in the investment world of late, it's what financial markets are not doing right now that is most intriguing.

2:02am EDT

U.S. judge orders Argentina, creditors to meet until deal reached

NEW YORK - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution

- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

1:06am EDT

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