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U.S. markets recover from steep losses
TOKYO, April 9 (UPI) -- The Bank of Japan, in an expected move, Wednesday left its short-term interest rate unchanged at 0.5 percent.
The decision on the unsecured overnight call money comes amid concerns of a recession in the United States and a global credit crunch, which could impact Japan's recovery.
The bank said the decision was unanimous among all seven members of its policy board, Kyodo news service reported. The rate has been in effect since last February.
BOJ has been without a governor for the past three weeks but Wednesday parliament cleared the way for Masaaki Shirakawa to take the job, the report said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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