JAPAN

The Caterpillar logo is seen on a tractor in Gilbert

Caterpillar Takeover of Japanese JV

Caterpillar Inc. (NYSE: CAT), the world's biggest heavy machinery maker, will pay about $447 million to Mitsubishi Heavy Industries Ltd. to gain sole control of their joint venture, Caterpillar Japan Ltd.

Toyota's China Sales Rise Sharply in February

Toyota's February sales in China, where the auto maker aims to double business by 2015, went up 51.3 percent. Toyota is seeking to push its Chinese sales past 1 million units this year.
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Japan government to take majority stake in Tepco: Asahi

The Japanese government is set to take a majority stake in Tokyo Electric <9501.T> in return for injecting about 1 trillion yen ($12.4 billion) in public funds, the Asahi newspaper reported on Friday, in what would be a political victory for the trade minister in his battle to reform the once all-powerful utility.
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Ousted Woodford launches Olympus lawsuit

Michael Woodford, the ousted Olympus chief executive who blew the whistle on one of Japan's most high-profile frauds, vowed he would hold his former employer to account as he kicked off his legal battle for wrongful dismissal in London on Thursday.
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IMF says threat of sharp global slowdown eased

The probability of a sharp global slowdown has eased due to recent policy measures adopted in the euro zone to tackle its debt crisis, the International Monetary Fund said on Thursday, but it warned risks to world growth remain squarely to the downside.
North Korean leader Kim Jong-un

N. Korea-U.S. Nuclear Deal: Fresh Start or False Dawn?

North Korea has agreed with the United States to suspend major elements of its atomic weapons program in a surprise breakthrough that could pave the way for the resumption of long-stalled nuclear disarmament talks with the secretive state.
Japan Coast Guard members try to rescue a dog believed to have survived the massive tsunami of March 11 and also three weeks at sea, off Kesennuma

Tsunami Debris to Hit American Shores This Year

When a 9.0 magnitude earthquake hit Japan last year, it caused a massive tsunami killing nearly 16,000 people. The tsunami that dragged personal items from Japanese citizens, including televisions, dressers, refrigerators, out to sea, could wind up on the shores of Hawaii this year.
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Exclusive: U.S. conducting criminal Libor probe

The U.S. Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart of a wide range of loans and derivatives, from trillions of dollars of mortgages and bonds to interest rate swaps, a person familiar with the matter said.

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