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Nikkei falls after China move

Japan's Nikkei average fell 0.9 percent on Wednesday, hurt by profit-taking and a strong yen, while resource shares slipped after China's decision to start tightening monetary conditions sparked concerns the move might slow demand. China…

Obama to ask for extra $33b for war

US President, Barak Obama is said to plan to make a request to Congress for an additional $33 billion to fight the unpopular wars in Afghanistan and Iraq. According to the Associated Press (AP), the Obama administration is making the…

Google to close China office

Google Inc said it may pull out of China because it is no longer willing to accept censorship of its search results, in a surprise retreat from the world's largest Internet market by users. The announcement on Tuesday comes amid growing…

Fierce earthquake rocks Haiti

Haiti's strongest earthquake in more than two centuries rocked the Caribbean nation on Tuesday, causing dozens of buildings to collapse and raising fears that many people have died, officials and witnesses said. Witnesses reported seeing…

Oil drops to $82 from 15-month high

Oil slid further to below $82 a barrel on Tuesday from 15-month highs a day earlier, as forecasts showing milder temperatures in the U.S. Northeast signaled lower fuel consumption in the world's largest heating oil market. Icy weather in…

Asian stocks fall on China policy fears

Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed. The MSCI index of…

US car makers now seeing improvement

The vital signs are improving for American automakers. General Motors may reopen some shuttered factories because it can't produce four of its vehicles fast enough to meet demand, and Chrysler is set to hire more engineers and product…