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AirAsia, Malaysia Airlines end share swap deal

KUALA LUMPUR, Malaysia — Budget carrier AirAsia and state-owned Malaysia Airlines said Wednesday they have terminated a share swap deal signed last year but will continue plans to collaborate in areas such as procurement, training and aircraft maintenance.

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markets

Wider loss piles pressure on Vestas boss

COPENHAGEN - Vestas, the world’s biggest wind turbine maker, plunged to a larger than expected first-quarter loss due to delayed deliveries and rising costs, the latest blow to the renewable energy sector and piling pressure on its embattled boss.

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Eurozone unemployment hits record high

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Eurozone unemployment hits record high

LONDON — Record high unemployment for the 17 countries that use the euro is set to increase the pressure on Europe’s leaders to switch from a focus on austerity to a pro-growth strategy to stop the region from moving deeper into recession.

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markets

Moody’s warns against lack of tax hike in Japan

The lack of a sales tax increase in Japan could bring forward “the day of reckoning” in the Japanese government bond (JGB) market and cause investors to demand higher premiums, Tom Byrne, a senior vice president of Moody’s Investors Service, said on Wednesday.

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