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Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view - sources

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The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.

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Once targeted by officials, street vendors make unexpected comeback in China

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Three weeks ago, Beijing authorities swooped in on Shan Peng and her makeshift street stall, seizing her merchandise - yogurt and casual pants - and even her electric tricycle.

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Toyota to launch hydrogen fuel cell venture with Chinese auto firms

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Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.

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Lonza picks Roche exec as CEO, ending year of turmoil at the top

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Lonza Group on Friday named a veteran Roche manager to become its new chief executive, as the Swiss contract drug manufacturer seeks to end a year of turmoil at the top and accelerates work to produce a possible COVID-19 vaccine.

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Japan's Dentsu evacuates Tokyo HQ after bomb threat

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Japan's largest advertising agency, Dentsu Group Inc, has evacuated its Tokyo headquarters after receiving a bomb threat, an internal company email reviewed by Reuters showed on Friday.

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Jaguar Land Rover raises $705 million loan from Chinese banks

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Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.

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Australia shakes up foreign investment laws for national security

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Australia announced the biggest shakeup of its foreign investment laws in almost half a century on Friday, including giving the government the power to force the sale of a business if it creates a national security risk.

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Gold heads for third week of losses amid signs of recovery

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Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like stocks, at the metal's expense.

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Australia's AAP news agency lives on after finding buyers

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Australian Associated Press (AAP) said on Friday it expects to be sold to a group of philanthropic investors, a reprieve for the news agency that had been facing closure, and for the industry, after a run of layoffs as advertising dwindles.

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Australia fines Sony $2.4 million for refusing refunds on faulty PlayStation games

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A court has ruled that a unit of Japan's Sony Corp broke the consumer law by denying customers refunds for faulty PlayStation games and ordered the company to pay a A$3.5 million ($2.4 million) fine, Australia's consumer watchdog said.

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Virtual certainty? Bankers ask if success of remote roadshows will last

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Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?

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TikTok owner ByteDance shuts down overseas news aggregator TopBuzz

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ByteDance, owner of the global hit short-video app TikTok, has shut down its artificial-intelligence-based news aggregator TopBuzz, one of the company’s earliest products aimed at the global stage.

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Oil rises as traders await OPEC+ meeting on extending supply cuts

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Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.

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Sun Pharma testing plant-based drug as potential COVID-19 treatment

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Indian drugmaker Sun Pharmaceutical Industries Ltd said on Friday it was testing a plant-derived drug, AQCH, for the potential treatment of COVID-19 as part of a mid-stage trial, with results expected by October.

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Asian stocks set for best weekly gain in nine years, U.S. jobs eyed

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Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound.

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China May exports seen tumbling as coronavirus hits demand; imports fall: Reuters poll

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China's exports likely tumbled in May after a surprising rebound the previous month as global coronavirus lockdowns continued to devastate demand, but imports showed some signs of improvement as Chinese manufacturers got back on their feet, a Reuters poll showed on Friday.

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Japan's first-quarter GDP decline likely smaller than initial estimates on firmer capex

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Japan's first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide deeper into recession this year.

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Ocean shipping shrinks as pandemic pummels retailers

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The $1 trillion container shipping industry is in a slowdown. Literally.

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Hexaware Technologies gets go-private bid, shares soar 20%

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IT firm Hexaware Technologies Ltd said on Friday it would consider a bid from its promoter HT Global IT Solutions Holdings Ltd to buy the remaining stake that it does not own in the company, sending its shares up as much as 20%.

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GM Cruise tries to poach Zoox engineers as company for sale

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Self-driving technology company Cruise, a unit of General Motors Co’s, is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.

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