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Sony delays forecasts to assess quake fallout

  Tokyo / Bloomberg Sony Corp. will postpone its forecasts for the current fiscal year while it assesses the damage from an earthquake that shut its main plant for camera sensors. The Japanese company said it won’t provide its usual financial outlook when it reports earnings on April 28 and will instead announce guidance in May. On Thursday, the company ...

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Carry trade gains traction as currency volatility turns lower

  Bloomberg Conditions in the $5.3 trillion foreign-exchange market have turned supportive for one of the most popular trading strategies — the carry trade. Returns from the technique, in which investors borrow in currencies with low interest rates and use the proceeds to buy an asset with higher rates, advanced this week to the highest levels since December, according to ...

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Brazil cuts jobs for 12th month as recession deepens

  Bloomberg Brazil shed more than 100,000 formal jobs in March as a second year of recession pummels a labour market that’s not expected to improve in 2016 regardless of how President Dilma Rousseff’s impeachment process plays out. The March result of 118,776 jobs lost marked the 12th straight month of employment decline, the longest run of negative prints since ...

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