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Asian shares edge up, Fed views hurt some markets

TOKYO - Asian shares edged higher on Monday but gains were capped by concerns that market volatility may intensify as the U.S. central bank prepares to raise interest rates for the first time in six years.

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Alibaba's latest gambit in fighting fakes: foster local brands

PUTIAN, China - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.

Senator Warren calls for public hearings on bank waivers: FT

NEW YORK - U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday.

After bruising safety crisis, U.S. car watchdog shows its bite

WASHINGTON - The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss - a testimony to his credentials as a safety expert and a hardening of the administration's policy after a wave of deadly defects.

24 May 2015

Amazon changes tax practices in Europe as investigations continue: WSJ

NEW YORK - Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday.

24 May 2015

G7 finance ministers to address faltering global growth

LONDON - Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

24 May 2015

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