TOKYO Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world's second largest economy slowed slightly in the third quarter.
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TOKYO Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products.
LONDON/SHANGHAI Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.
Australia's Westpac Banking Corp said on Thursday it will pay refunds to about 200,000 customers who should have received cash benefits, as the country's lenders seek to ease concerns about their governance after a series of scandals.
ZURICH Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs from a faster overhaul and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months.
NEW YORK Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.
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