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ASIA MARKETS: Most Asia Stocks Drop After China Data

Chinese stocks retreated Thursday, prompting a pullback in some other Asian markets after data showing consumer prices rose more than expected.The Shanghai Composite dropped 0.6% and Hong Kong's Hang Seng Index slipped 0.1%.Government data released earlier in the day showed China's consumer price index rose 2.4% in April from the year-ago period, driven by food prices. The producer price index, which measures wholesale prices, dropped a sharper-than-expected 2.6%.Bank of America Merrill Lynch China economist Ting Lu said that although consumer prices quickened, a steeper fall in wholesale prices during the month were likely to limit market reaction."Inflation pressure is quite low, and the room remains big for the new government to maintain relatively accommodative monetary and fiscal policies. However, we expect no additional stimulus, as growth could naturally recover a bit, and policy makers can tolerate a lower growth," Lu said.Japan's Nikkei Stock Average declined 0.7% and Austral...

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  7. Billabong Near $300M Buyout Deal

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  8. Sycamore Consortium Nears Takeover of Billabong

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  9. Billabong Mulls Takeover Bid From Sycamore Consortium

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  10. U.S. Groups Cut Billabong Bids Below A$1.10/Share

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  11. ASIA MARKETS: Tokyo Stocks Tumble On Yen; Results Hit Hong Kong

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  12. ASIA MARKETS: Japan Stocks Fall On Yen; Earnings Hurt Hong Kong

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  1. Billabong Locked in Talks With Two Suitors -Source

    Action sports retailer Billabong International Ltd (BBG.AU) may yet strike a deal with one of two U.S. private equity-backed consortia.Both Sycamore Partners and Bil...

  2. ASIA MARKETS: China Stocks Drop After Data; Korea Climbs

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    Most Asian markets rose Thursday after U.S. and German equities climbed further into record territory, with South Korean stocks jumping after a surprise rate cut by ...

  5. Australia Stocks Slip After Reaching 5-year High

    Stocks in Australia slipped Thursday, with the benchmark edging back from its highest closing level since June 2008. The S&P/ASX 200 was off 0.1% as banking and ener...

  6. ASIA MARKETS: Japan Stocks Soar To Tower Over Asia Markets

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  7. ASIA MARKETS: Japan Stocks Soar After Holiday; Others Mixed

    Japanese stocks soared on Tuesday to stand head-and-shoulders over other regional markets, as investors returning from a four-day weekend played catch-up with centra...

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