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By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks were on a weak footing on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. Japan's Nikkei lost more than one percent as the yen firmed. Shanghai see-sawed in and out of negative terrain, and was last up 0.1 percent, after rallying on Tuesday on expectations MSCI could add China's mainland stocks to its emerging market benchmark for the first time.
Billionaire Sheldon Adelson's casino company is ending its long-running U.S. lawsuit with the former head of its Chinese arm, the company said Wednesday. Macau-based Sands China Ltd. said it has "reached ...
By Linda Sieg and Tetsushi Kajimoto TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe will announce on Wednesday that the government has decided to delay a scheduled sales tax hike by two-and-a-half years, putting his plans for fiscal reforms on the back burner amid more weakness in the economy. The widely-anticipated delay will be welcomed by a majority of voters, who will cast ballots in an upper house election in July. Abe told members of his ruling Liberal Democratic Party (LDP) on Wednesday that he will delay the tax by two and half years, the Kyodo news agency reported.