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Asia stocks supported as China's factories revive

SYDNEY - Asian stocks edged higher on Thursday as U.S. tech earnings impressed and a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world's second-biggest economy.

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China July HSBC flash PMI at 18-month high as stimulus revs up economy

BEIJING - China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in. | Video

4:20am EDT

POSCO aims to raise $2 billion by end-2015 through restructuring

SEOUL - South Korea's POSCO aims to raise about 2 trillion won ($1.95 billion) by the end of 2015 through restructuring efforts, the steelmaker said after reporting quarterly earnings on Thursday.

4:11am EDT

Roche's breast cancer drugs keep it on track to meet targets

BASEL - Swiss drugmaker Roche confirmed its full-year sales and profit targets on Thursday as growing momentum for its new breast cancer medicines and professional diagnostics products countered the effects of a strong Swiss franc.

3:39am EDT

As U.S. strengthens, sluggish wages explain Fed's caution

NEW YORK/SAN FRANCISCO - The U.S. Federal Reserve's policy statement, unchanged for the last four months, will probably stay that way until at least September for one main reason: slow wage growth.

1:09am EDT

After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth

SEOUL - South Korea's Hyundai Motor said its net profit fell the most in five quarters, hit by the local currency's sharp gain versus the dollar, and warned it sees a tough second half as the won stays strong and global demand growth weakens.

2:43am EDT

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