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TOKYO, Aug 1 Asia Pulse - Highlights of today's newspapers:
NIKKEI NET:
- Tokyo Electric Power Co. (TSE:9501) on Tuesday sharply lowered its earnings forecast for fiscal year 2007 due to costs associated with the suspension of a quake-stricken nuclear power plant, but the firm's bottom line may take a further hit given that potential outlays for repairs were not included.
- Nomura Holdings Inc.'s (TSE:8604) stock price has been relatively strong even though the brokerage suffered a huge loss due to its exposure to subprime loans in the U.S., but the problem may get worse.
- The Bank of Japan on Tuesday outlined plans for selling the shares it purchased from private-sector banks earlier this decade to stave off a potential financial crisis.
- Sharp Corp. (TSE:6753) on Tuesday unveiled plans to construct the world's largest LCD panel production hub, which will be capable of churning out 72,000 large substrates ...