TOKYO Asian shares rose on Wednesday as investors covered short positions and looked to the coming policy meeting of the European Central Bank for comfort after a referendum defeat tipped Italy into political turmoil.
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Recent Business News
LONDON Citi said on Wednesday that its trading operations functioned appropriately in a thin and illiquid market during October's "flash crash" in sterling, responding to a Financial Times report saying a trader at the U.S. bank exacerbated the pound's fall.
LONDON Britain's competition watchdog has fined Pfizer a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.
BEIJING Apple Inc said external factors were the likely cause of iPhone 6 battery fires detailed in a Chinese consumer protection report that featured widely in state media earlier this week and created a buzz on social media.
BEIJING/SHANGHAI The sports unit of Chinese technology giant LeEco will cut 10 percent of its staff and restructure its business after the parent firm's billionaire chief executive flagged concerns over spiraling debt and corporate overextension last month.
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