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German banks will pass stress tests

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The ECB won't find cause for concern over German banks when it carries out rigorous stress tests of European lenders, according to the president of the country's banking regulator.

Clock ticking for Sony to prove it can turn around

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With shares of Sony plunging 12 percent on Friday after the company slashed its earnings outlook, strategists say time is running out for the Japanese electronics maker to prove that it can engineer a turnaround of its struggling business.