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Monday, October 31, 2011 12:02 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Dollar spikes vs yen on intervention, Asian shares fall Japan, like China, cautious on euro rescue vehicle Qantas resumes flights grounded by labor dispute MF Global seen near asset sale, bankruptcy for holding company Toshiba ekes out Q2 profit growth, keeps forecast Japan PM: to work with BOJ on steps against high yen Beacon Power bankrupt; had U.S. backing like Solyndra Japan intervenes to tame yen ahead of G20 Insight: Did Corzine's risk taking cripple MF Global? Netflix extends streaming deal for ABC content Carlyle hires Affinity MD to head Korea investing Japan to buy more EFSF bonds: Europe fund chief Japan confirms it will continue buying EFSF bonds Japan's Fujimura: to watch FX market moves German finance minister opens door for EU fiscal union: FT Dollar spikes vs yen on intervention, Asian shares fall Sun,30 Oct 2011 11:53 PM PDT Reuters - TOKYO (Reuters) - Asian shares fell and commodities slipped as the dollar spiked to a three-month high against the yen following Japan's intervention, prompting investors to book profits after last week's rally. Full Story Top Japan, like China, cautious on euro rescue vehicle Sun,30 Oct 2011 11:50 PM PDT Reuters - TOKYO (Reuters) - Japan told the head of Europe's bailout fund on Monday that it would continue to buy its bonds, but, like fellow potential investor China, did not commit to putting cash into a mooted special purpose vehicle to enhance the rescue fund's firepower. Full Story Top Qantas resumes flights grounded by labor dispute Sun,30 Oct 2011 11:42 PM PDT Reuters - MELBOURNE/SYDNEY (Reuters) - Australia's Qantas Airways returned to the air on Monday after grounding its entire global fleet over the weekend in a bold tactic to force the government to intervene in the nation's worst labor dispute in a decade. Full Story Top MF Global seen near asset sale, bankruptcy for holding company Sun,30 Oct 2011 11:40 PM PDT Reuters - NEW YORK (Reuters) - Troubled brokerage MF Global Holdings Ltd was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Group , media reports said. Full Story Top Toshiba ekes out Q2 profit growth, keeps forecast Sun,30 Oct 2011 11:23 PM PDT Reuters - TOKYO (Reuters) - Toshiba Corp, Japan's biggest chip maker, eked out a rise in quarterly operating profit on solid demand for its mainstay NAND flash memory chips, and kept its earnings outlook unchanged. Full Story Top Japan PM: to work with BOJ on steps against high yen Sun,30 Oct 2011 11:01 PM PDT Reuters - TOKYO (Reuters) - Japanese Prime Minister Yoshihiko Noda said on Monday that he will work with the Bank of Japan to take every policy measure possible against the high yen. Full Story Top Beacon Power bankrupt; had U.S. backing like Solyndra Sun,30 Oct 2011 10:55 PM PDT Reuters - (Reuters) - Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program. Full Story Top Japan intervenes to tame yen ahead of G20 Sun,30 Oct 2011 10:30 PM PDT Reuters - TOKYO (Reuters) - Japan sold the yen for the second time in less than three months after it hit another record high against the dollar on Monday, saying it intervened to counter speculative moves that were hurting the economy. Full Story Top Insight: Did Corzine's risk taking cripple MF Global? Sun,30 Oct 2011 10:22 PM PDT Reuters - NEW YORK (Reuters) - In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink. Full Story Top Netflix extends streaming deal for ABC content Sun,30 Oct 2011 09:33 PM PDT Reuters - (Reuters) - Netflix said it has extended its license agreement with ABC Television Group, a division of Walt Disney Co, to continue to stream TV shows over the Internet. Full Story Top Carlyle hires Affinity MD to head Korea investing Sun,30 Oct 2011 08:42 PM PDT Reuters - HONG KONG (Reuters) - Global private equity fund Carlyle Group said on Monday it had hired Sanghyun Lee from Affinity Equity Partners as a managing director to lead its Korean investments. Full Story Top Japan to buy more EFSF bonds: Europe fund chief Sun,30 Oct 2011 08:23 PM PDT Reuters - TOKYO (Reuters) - The head of Europe's bailout fund, in Asia on a tour for potential investors, said on Monday he had been reassured by Japan's top currency official that Tokyo would continue to buy its bonds. Full Story Top Japan confirms it will continue buying EFSF bonds Sun,30 Oct 2011 08:07 PM PDT Reuters - TOKYO (Reuters) - A senior Japanese Ministry of Finance official said on Monday that Japan will continue buying European Financial Stability Facility (EFSF) bonds, confirming an earlier statement by the head of Europe's bailout fund chief that the world's third-biggest economy will remain a purchaser of the debt designed to help finance measures to tackle the euro zone's crisis. Full Story Top Japan's Fujimura: to watch FX market moves Sun,30 Oct 2011 07:33 PM PDT Reuters - TOKYO (Reuters) - Japanese Chief Cabinet Secretary Osamu Fujimura said on Monday that he would watch developments in forex markets after Tokyo unilaterally intervened to counter the yen's strength. Full Story Top German finance minister opens door for EU fiscal union: FT Sun,30 Oct 2011 07:00 PM PDT Reuters - LONDON (Reuters) - German Finance Minister Wolfgang Schauble wants the EU to implement a "commonly agreed finance policy" and to take the global lead in introducing a financial transaction tax to curb speculative trading, he told the Financial Times. Full Story Top

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