Yuan's Fall Hurts Chinese Profits

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Chinese companies are reporting profit hits from the weaker yuan, after borrowing billions of dollars from the U.S., Hong Kong and elsewhere abroad—and the problem is likely to continue.

Areva Says Finnish Nuclear Reactor Ready in 2018

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A nuclear reactor Areva is building with Siemens in Finland is now estimated to start operations in 2018, nearly a decade later than originally planned, the French nuclear group said.

Heineken Sells Mexican Can Maker to Crown

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Heineken has sold its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North America.

German Second-Quarter GDP Slip Confirmed

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Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office confirmed, putting pressure on policy makers to move ahead with measures to boost the economy.

Australia to Step Up Russia Sanctions

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Australia will ratchet up economic sanctions against Russia in response to its military action in Ukraine, with Prime Minister Tony Abbott saying Moscow risked becoming an "international pariah."

China Queries Microsoft

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A Chinese antimonopoly agency said Microsoft Corp. should issue a written explanation covering what it called compatibility and bundling issues with Windows and Office software.

China Factory Output Slows

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China's economy sputtered on in August with manufacturing output slowing, according to two measures, as the effect of stimulus measures earlier this year fades

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

Apple's New Whiz Kids

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Apple and Google are providing scholarships and developers kits to software coders as young as 13 years old, looking to land whiz kids interested in writing apps for their smartphones and tablet computers.

Nike Keeps NBA Star Durant

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Nike has resigned Kevin Durant, NBA's reigning most valuable player, to a shoe contract potentially worth $350 million, fending off rival Under Armour.

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