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Japanese tourists to South Korea, the largest group of visitors to Asia's fourth largest economy last year, fell by 25 percent in the first quarter thanks to a falling yen. But not to worry - the Chinese are here.
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TOKYO, May 24- Mitsubishi Motors Corp, the Japanese maker of Triton pickups, the Outlander Sport SUV and iMiEV electric car, wants shareholders to approve a capital reorganisation to clear more than $9 billion of accumulated losses, and pave the way for the resumption of dividends after a 15- year gap.
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HONG KONG, May 24- Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus.
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This streak prompted investors to put a net $9.1 billion into Japan equity funds and exchange-traded funds in April. Yet investors might already hold more of Japan in their portfolio than they think.
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*HSBC flash PMI dips to 7- month low on weak demand. BEIJING, May 23- China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent.
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May 23- South Korea's economic problems aren't made in Japan. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year.
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*Ford to end Australia production in Oct 2016. Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government.
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*HSBC flash PMI dips to 7- month low on weak demand. BEIJING, May 23- China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
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BEIJING, May 23- China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
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HONG KONG, May 23- Hong Kong shares could start weaker on Thursday, tracking Wall Street losses and ahead of the HSBC China flash purchasing managers' index for May that could offer fresh clues on the world's second-largest economy. Elsewhere in Asia, Japan's Nikkei was up 1.6 percent, while South Korea's KOSPI was down 0.7 percent at 0050 GMT.
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SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.
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*Iran 7th biggest oil supplier to India in Jan-Apr vs 3rd yr ago. NEW DELHI, May 22- India's oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed on Wednesday, bolstering the country's case for the renewal of a waiver from U.S. sanctions on Tehran due to expire next month.
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*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
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TOKYO, May 22- Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen.
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NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
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*MSCI Asia Pacific ex- Japan slips 0.2 percent. The dollar inched higher versus a basket of currencies on Tuesday but stayed below a three-year high, as investors ponder if Bernanke might reveal the timing of any wind-down at his appearance before the Joint Economic Committee before Congress takes its Memorial Day recess.
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Three farms in Iowa and one Indiana operation have confirmed cases of the virus, said Dr Lisa Becton, director of swine health information and research for the National Pork Board. The cases in Iowa were located on farms "all across the state, not in one specific area," Becton said.
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NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
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May 20- Avon Products Inc, the beauty products direct seller, said on Monday it tapped a former Tupperware Brands Corp executive to be responsible for turning around its business in North America, where sales have been declining for years. Pablo Munoz, who was with Tupperware since 1993, most recently heading the Americas region.
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Japanese tourists to South Korea, the largest group of visitors to Asia's fourth largest economy last year, fell by 25 percent in the first quarter thanks to a falling yen. But not to worry - the Chinese are here.
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North Korea fired its fifth short-range missile in three days. South Korea's Defense Ministry said a missile had been fired on Monday morning.