China launches probe of Microsoft’s data practices, alleging “major problems”

The Chinese government expanded its probe of Microsoft’s business practices in the country, alleging “major problems” in the company’s electronic data. In a statement, China’s State Administration for Industry and

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China angst shows markets as fragile as fine china

On the first day of trading in 2016, China lived up to its reputation as a “shock to watch” in the new year, as a nearly 7% stock plunge in

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Japan sidesteps recession, revised growth at 1%

Japan sidestepped recession last quarter: Revised data released Tuesday showed its economy grew at an annual 1.0 percent pace instead of shrinking. A previous estimate had shown the world’s third-largest

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Chinese stocks fall 5.5%, other Asian markets down

China’s main stock market index fell more than 5% on Friday after two securities firms said they are under investigation for possible misconduct. The Shanghai composite index closed 5.5% lower

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Terror and markets: Sell-offs tend to be short-lived

The deadly terror attacks in Paris are likely to strike financial markets, too, when trading resumes Monday. But the initial losses expected in risk assets like stocks and the shift

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China issues blueprint for state industry overhaul

China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries even as it aims to retain the party’s dominance in the economy. The plan comes at a

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World markets stage mixed comeback

Battered world financial markets attempted to reclaim lost territory Wednesday with mixed success. In Asia, Tokyo’s benchmark Nikkei 225 index gained 570.13 points, or 3.20%, closing at 18,376.83. The broader

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Stocks surge on Greek debt deal optimism; Nasdaq hits record

Stocks surged Monday as a relief rally around the globe is underway that sent the Dow up more than 100 points and the Nasdaq to an all-time record high. Stock

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Greece and creditors meet Monday in 11th-hour bid to avoid default

Greece and its eurozone creditors are scheduled to meet Monday in a last-ditch effort to avert a default that could shake global financial markets and result in the debt-plagued country’s

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Air seeps out of Chinese stock ‘bubble’

The mainland Chinese stock market, which had gained more than 150% in a year’s time, prompting bubble warnings, seems to be deflating, as shares dipped 13.3% this week. The Shanghai

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