Asia News
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Most Asian stocks rose as speculation China may begin easing monetary policy tempered uncertainty about the outcome of European debt-crisis talks.
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Bank of China Ltd. posted its slowest profit growth in nine quarters as government efforts to cool inflation curbed loan demand and higher interest rates drove up funding costs at the nation’s third-largest lender.
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Olympus Corp. Chairman and President Tsuyoshi Kikukawa quit after allegations over acquisitions wiped out more than half the company’s market value in two weeks and as the chief executive officer he fired prepares to meet U.S. criminal investigators.
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Chinese Premier Wen Jiabao said that economic policy will be fine-tuned as needed and the industry ministry said it is studying “stimulative policies” for smaller companies as a global slowdown threatens growth.