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Reuters: Business News

Online financing, rising costs squeeze profits at China's midsize banks

SHANGHAI/HONG KONG (Reuters) - Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.

Posted: Thu 23rd of October, 2014

Asia stocks hobbled by growth woes, China PMI fails to impress

TOKYO (Reuters) - Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

Posted: Thu 23rd of October, 2014

U.S. prosecutors probe Takata Corp over statements: WSJ

NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday.

Posted: Thu 23rd of October, 2014

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