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U.S. Congress victory moves Obama's Pacific trade pact forward

Legislation vital to securing the largest U.S. trade deal in decades was passed by the Senate on Wednesday by a comfortable margin, advancing President Barack Obama's efforts to strengthen U.S. economic ties around the Pacific Rim.


Japan's Nikkei hits 15-year high on Greece deal hopes

Japanese shares hit a 15-year high, following the global rally elsewhere on hopes Greece will reach a deal with its creditors to prevent from defaulting on payments due at the end of the mon [ … ]


Obama's Pacific trade pact revived in U.S. House, heads to Senate

But the outlook in the Senate for fast-track, seen by Japan as crucial to sealing the deal on TPP, was uncertain.


Greek central bank warns of eurozone and EU exit

The Greek central bank warned for the first time on Wednesday that the country could suffer a "painful" exit from the eurozone and even the EU if it fails to reach a bailout deal with intern [ … ]


Sony, Panasonic cling to TVs, betting on halo effect of premium sets

Japan's once-mighty electronics makers have lost billions of dollars from TVs but Sony Corp and Panasonic Corp won't quit, saying retreating from the world's living rooms would close the doo [ … ]


Toyota in damage control mode after American exec arrested

Toyota Motor Corp moved into damage control mode on Friday after its new communications chief, Julie Hamp, an American and its first senior woman executive, was arrested on suspicion of ille [ … ]


U.S. House plans vote to rescue Obama's Pacific Rim trade pact

Republicans in the U.S. House of Representatives will try to revive legislation central to President Barack Obama's Pacific Rim trade deal on Thursday by offering up a simpler version of a b [ … ]


Airbus to build satellites for OneWeb to beam Internet from space

Europe's Airbus Group will design and build about 900 satellites for privately owned OneWeb Ltd, which plans to offer high-speed, space-based Internet access to billions of people worldwide, [ … ]


South Korea cuts rates as MERS clouds outlook; 14 new cases

An outbreak of Middle East Respiratory Syndrome (MERS) forced South Korea to cut interest rates on Thursday in the hope of softening the blow to an economy already burdened by slack demand, [ … ]


Malaysia Airlines to become new company, says new boss

Malaysian Airlines will become an "entirely new company" its new boss has said.


HSBC to cut 20,000 jobs globally

HSBC, Europe's biggest bank, is planning to cut 20,000 jobs around the world as it tries to reduce costs and simplify its business.


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