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Top Japan firms offer big pay hikes, focus on Iran conflict ahead

By Makiko Yamazaki TOKYO, March 18 (Reuters) - Major Japanese companies, including Toyota, offered big pay hikes in annual wage talks on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook. The ongoing wage talks... Read More.

Oil prices drop as U.S. crude inventories show an increase

By Sam Li and Lewis Jackson BEIJING, March 18 (Reuters) - Oil prices slightly fell on Wednesday morning after sources citing American Petroleum Institute figures showed an increase in U.S. crude inventories. Brent futures dropped $1.15, or 1.11%, to $102.27 a barrel by 0108 GMT, while... Read More.