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Asia stocks sideswiped by Wall Street, but China motors on

SYDNEY - Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.

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Argentine markets fall post-default, New York hearing on Friday

BUENOS AIRES - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors. | Video

12:43am EDT

BOJ's Kuroda defends upbeat economic view despite soft data

TOKYO - Bank of Japan Governor Haruhiko Kuroda came out fighting on Friday, giving a spirited defence of the economy's performance after a run of weak data, and reiterated his readiness to expand stimulus if inflation faltered on the path to his 2 percent target rate.

1:59am EDT

China PMIs jump to multi-month highs in July, add to view economy is steadying

BEIJING - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulus measures.

12:28am EDT

Disappointment, uncertainty after India blocks WTO trade deal

SYDNEY/GENEVA - Several member states of the World Trade Organisation voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

3:27am EDT

Lawyers expect hundreds of claims at start of GM ignition-switch fund

NEW YORK - Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.

31 Jul 2014

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