Nikkei eases in choppy trade before Fed; volume lowest since Dec

TOKYO, June 18 (Reuters) – Japan’s Nikkei average edged down in choppy trade but managed to end above 13,000 on Tuesday, with most investors on the sidelines awaiting the outcome of the U.S. Federal Reserve’s meeting for clues on when it may begin tapering back stimulus. The Nikkei slipped 0.2 percent to 13,007.28 points after trading as high as 13,139.48 earlier. The broader Topix gained 0.2 percent to 1,086.40. Volume was light, with only 2.43 billion shares changing hands, the lowest

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Airlines’ performance improves, lags other industries – U.S. poll

June 18 (Reuters) – U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer…

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New Saipem profit warning rattles investors

MILAN (Reuters) – A second profit warning in less than 5 months wiped over a quarter from the share price of Italy’s Saipem on Monday, leaving Europe’s biggest oil industry group worth half what it…

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Obama sees Iran’s election of moderate as hopeful sign

WASHINGTON (Reuters) – President Barack Obama said on Monday that Iran’s election of a moderate as its next president is a sign that Iranians want to move in a different direction, but he was uncertain whether it would lead to a breakthrough over Tehran’s nuclear ambitions.

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Biggest protests in 20 years sweep Brazil

SAO PAULO (Reuters) – As many as 200,000 demonstrators marched through the streets of Brazil’s biggest cities on Monday in a swelling wave of protest tapping into widespread anger at poor public services, police violence and government corruption.

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Third Point raises Sony stake, presses for entertainment spin-off

TOKYO (Reuters) – New York-based hedge fund company Third Point said it had raised its stake in Japan’s Sony Corp and asked for an opportunity to present its proposal to Sony’s board for a partial spin-off of the company’s entertainment unit.

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The best sentences we read today

– “Anyone who has not made these clumsy forays into DIY taxidermy has probably never wondered where the dead things come from.”

– “If bees go extinct, this is what your supermarket will look like.”

– “China is pushing ahead with a sweeping plan to move 250 million rural residents into newly constructed towns and cities over the next dozen years.” (Though see here for a counterpoint.)

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UPDATE 2-New Saipem profit warning rattles investors

* Execution problems emerge in Canada, Mexico (Recasts lead, adds comments from shareholders, Consob)

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‘Alarm’ over UK spying claims

A diplomatic row has broken out over claims that Britain spied on foreign governments attending G20 meetings in London in 2009.

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Power crisis fears unnerve industry in booming Philippines

MANILA, June 18 (Reuters) – An electricity outage that blacked out large swathes of the Philippines’ main island of Luzon for up to eight hours last month has highlighted worries about a potential…

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