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Tokyo News

• Asian Stocks Decline; Developers Drop as Shanghai Maintains Property Curbs

  Updated 19 minutes ago

  Asian stocks declined as sales of previously owned homes in the U.S. trailed estimates and Shanghai pledged to keep property-market controls in place amid forecasts of slower growth in China.

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  Asia Stocks, Aussie Drop on Growth Concern

  Updated 13 minutes ago

  Asian stocks fell the most in a week and the Australian dollar weakened as reports signaled slowing global economic growth and Hewlett-Packard Co. forecast profit that missed estimates. Oil dropped from a nine-month high as U.S. stockpiles increased.

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  HSBC to Close Japan Consumer Banks

  Updated 19 minutes ago

  HSBC Holdings Plc, Europe’s largest bank, will withdraw from consumer banking in Japan, closing down six branches four years after starting the business.

• Wynn Resorts, Okada Hearing On Document Request Postponed to March 8

  Updated 1 hour, 38 minutes ago

  Lawyers for Wynn Resorts Ltd. and Kazuo Okada, the director whose 20 percent stake in the casino operator was redeemed by Wynn, won’t be in court tomorrow for a hearing on Osaka’s request for documents.

• Japan Stocks Fall on Signs Market Overbought

  Updated 1 hour, 43 minutes ago

  Japanese stocks declined, with the Nikkei 225 Stock Average falling from a six-month high, as technical indicators signaled shares may be overbought and U.S. housing data missed estimates.

• Mazda Shares Decline After Carmaker Plans Record Share Sale: Tokyo Mover

  Updated 2 hours, 12 minutes ago

  Mazda Motor Corp., Japan’s least profitable major carmaker, fell to a two-week low in Tokyo trading after the company said it may raise a record 162.8 billion yen ($2 billion) selling new stock.

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  AMR to Pare New York Flights in Peak Travel Season in Bankruptcy Pullback

  Updated 2 hours, 21 minutes ago

  American Airlines will pare service in New York City, the world’s busiest aviation market, during the peak of the U.S. travel season as parent AMR Corp. reorganizes in bankruptcy and larger rivals expand.

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  Banks Lobbied to Widen Volcker Rule Before Inciting Foreigners Against Law

  Updated 1 hour ago

  U.S. banks pushed regulators to widen proposed restrictions on trading and hedge-fund ownership by foreign firms, then encouraged governments around the world to complain about the rule’s reach.

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  Dollar Remains Higher After Yesterday’s Gain as Oil Damps Growth Outlook

  Updated 1 hour, 10 minutes ago

  The dollar maintained gains from yesterday against the majority of its most-traded counterparts on concern oil prices at a nine-month high will restrain global growth, increasing demand for haven assets.

• Japanese Stock Futures Unchanged on Signs of Overheating, Yen

  Updated 1 hour, 7 minutes ago

  Japanese stock futures were unchanged as technical indicators signaled shares have been overbought, while the yen’s drop to a seven-month low against the dollar buoyed the earnings outlook for exporters. Australian equities slipped.

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