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Asia stocks shed gains after data shows slower China growth

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.

Recent Business News

Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe

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.

2:46am EDT

China biotech's 'coming out party' masks long road ahead

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.

China, Health 2:10am EDT

Australia's Westpac to refund 200,000 customers for missed benefits

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.

1:40am EDT

Nestle accelerates restructuring as sales growth stays tepid

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.

2:18am EDT

ADP is already making changes Ackman wants: CEO

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.

Tech, Money Oct 18 2017

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