Asia News
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U.S. stocks were little changed after Bank of America Corp. reported better-than-estimated earnings and government data showed global demand for American financial assets grew. Treasuries trimmed earlier gains and commodities pared losses.
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China’s economy grew 9.1 percent in the third quarter from a year earlier, the slowest pace since 2009, driving stocks lower on concern that Europe’s debt crisis is dragging on the global recovery.
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Danone, the owner of the Evian and Volvic brands, is in talks to sell bottled-water assets to Japan’s Suntory Holdings Ltd., three people familiar with the matter said.
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Corporate bond risk in Australia is dropping at the fastest pace in two years, beating declines in Europe and the U.S. as investors bet a global financial crisis will be averted.