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Fiat-Renault deal hopes lift European shares

European shares rebounded from the previous session's sharp falls on Wednesday, with brokers pointing to an Italian report on continuing merger talks between Fiat Chrysler Automobiles and Renault SA as pushing car industry shares higher.

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Japan summons South Korean ambassador as row deepens

Japan on Thursday summoned the South Korean ambassador to protest Seoul's decision to scrap an intelligence-sharing agreement with Tokyo, Japanese Foreign Minister Taro Kono said, as relations between the neighbours further worsened.