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Asian shares extend global recovery, volatility subsides

TOKYO Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.

Recent Business News

Jittery U.S. bond market braces for supply wave

NEW YORK Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.

3:29pm EST

Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed

By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter

7:34pm EST

Lego builds foundations in China classrooms as old markets slow

BEIJING/SHANGHAI Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box.

7:38pm EST

Japan's Mizuho sees pickup in U.S. M&A lending after tax cut

TOKYO Japan's Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).

7:29pm EST

Chanel, Farfetch pair up for digital push at fashion label's stores

PARIS French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants.

7:07pm EST

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