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Asian shares drift lower, India surprises with rate cut

TOKYO - Asian shares fell on Wednesday as investors grew cautious before upcoming central bank meetings and U.S. jobs data, while India's central bank surprised with its second inter-meeting rate cut this year.

Recent Business News

U.S. firms in China expect less rosy times as economy slows: survey

SHANGHAI - U.S. companies in China have a less rosy outlook for business conditions over the next five years due to a slowing economy, an "opaque" regulatory environment and rising domestic competition, a U.S. business lobby survey showed on Wednesday.

03 Mar 2015

DuPont rejects activist request to change how directors are elected

- DuPont on Tuesday rejected a push to let shareholders split their votes between company-backed directors and those nominated by activist investors in an escalating proxy battle with Nelson Peltz.

03 Mar 2015

Toyota diversifies top executive ranks

TOKYO - Toyota Motor Corp said on Wednesday it will promote two foreigners to senior posts - one marking the first woman to hold an executive title - in a drive towards diversifying its management, long dominated by Japanese men.

2:24am EST

China February HSBC services PMI edges up

BEIJING - Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's second-largest economy.

03 Mar 2015

Springleaf to buy Citi's OneMain to become top U.S. subprime lender

- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States. | Video

03 Mar 2015

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