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Asian shares drift lower

TOKYO - Asian shares and the dollar eased 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.

11:05pm EST

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.

9:55pm 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.

9:49pm EST

United Airlines expects to use its cash pile to buy aircraft this year

NEW YORK - United Airlines expects to dip into its cash pile to help fund the purchase of new aircraft this year and rely less on debt financing, reflecting the U.S. airline industry's dramatic financial turnaround, the carrier's Chief Financial Officer John Rainey said in an interview.

6:41pm EST

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

1:07pm EST

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