REGIONAL EFFECTS: Regional stocks rose in the wake of a Wall Street surge, with Japan's Nikkei 225 up 3.7 percent and Hong Kong's Hang Seng rising 4.1 percent
Asia's economic growth prospects will get a strong boost from the US Federal Reserve's hefty cut in interest rates, Asian Development Bank president Haruhiko Kuroda said yesterday.

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EBB AND FLOW: Market woes are not over, as the problems that underlie the housing market have not been addressed and could drag into next year
Like the tides, the wave of good feelings that swept over Wall Street and Main Street with the Federal Reserve's big interest rate cut could ebb just as quickly.

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Google is seizing on the popularity of widgets -- small online tools that function like mini-Web sites -- for its latest push into advertising.

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Intel Corp fired a pair of technical salvos at smaller rival Advanced Micro Devices Inc on Tuesday, announcing a November launch date for its next generation of chips and showing off its momentum in manufacturing technology.

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The US home loan crisis could damage German growth by pushing up the euro and crimping exports from the biggest eurozone economy, German Economy Minister Michael Glos warned in an interview yesterday.

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■ ELECTRONICS
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