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Toyota safety recall spreads to Europe, China

Toyota Motor Corp extended its safety recall of millions of its most popular cars to Europe and China on Thursday in a further blow to the reputation of the world's largest auto maker.
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US steel producers in a spot over price hike

At a time when India's steel industry is slowly rising prices, its counterparts in the US are struggling to do the same as the production costs have gone up. But, the US steel industry is very skeptical about the prices rise as the demand for steel is yet to pick up properly in the country. Even as India and China are witnessing a major surge in demand for steel, the US industry is still slowly picking up pace.
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Nickel's fate depends on China

Nickel prices largely depend on global steel demand, which is low in the west and up in China and India now. So, the fall in demand from auto makers in the west and a huge rise in China have complicated the nickel prices. Some 65% of nickel goes into making stainless steel.
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Caterpillar forecast disappoints; shares fall

Caterpillar Inc , the world's largest maker of construction and mining equipment, offered an unexpectedly guarded view of the coming year on Wednesday, sending its stock down more than 8 percent and pulling the broad market down along with it.
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Business warns regulation may crimp recovery

Global business leaders warned Western governments Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
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Clinton to press China FM on Internet issue

U.S. Secretary of State Hillary Clinton will press China's foreign minister on the issue of Internet freedom, a growing irritant in ties between the two powers, a senior U.S. official said on Wednesday.
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Two Koreas trade fire

North and South Korea exchanged artillery fire near their disputed sea border on Wednesday, highlighting instability along a heavily armed frontier for the second time in three months.
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China says no curb on Google mobile technology

China sought to head off concerns about curbs on Google phone technology on Wednesday, as U.S. business groups urged Washington to tackle alarming measures against foreign high-tech companies in China.
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Caterpillar profit tops view; 2010 forecast weak

Caterpillar Inc , the world's largest maker of construction and mining equipment, posted stronger-than-expected quarterly earnings on Wednesday and said it was seeing encouraging signs that economies around the world were rebounding.
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Google's older sister in China urges it to stay

A Google knock-off has surfaced in China to compete with the world's largest search engine, while at the same time pleading with it to stay in the country despite censorship and hacking allegations.
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Asia stocks fall on China jitters, yen gains

Asian stocks fell for the ninth straight day on Wednesday on fears that China's heightened efforts to rein in soaring credit growth could hamper the global economic recovery.
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LG Elec sees Q1 recovery as Q4 beats forecasts

South Korea's LG Electronics Inc posted a higher-than-expected quarterly operating profit and forecast sales and profits would improve in the first quarter as a global recovery prompts consumers to spend more on electronics.
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IMF sharply raises global economic growth forecast

The International Monetary Fund sharply raised its global economic growth forecast, casting developing countries in a leading role while rich nations struggle with high unemployment and government debt.

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