World's Largest Coal Port Sold

New South Wales sold Newcastle Port, the world's biggest coal-export terminal, for $1.62 billion to Chinese and local buyers, as yield-hungry investors continue to back Australian privatizations.



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China Steelmaker Predicts Record Output

China is likely to set another record this year in steel production, though the rate of growth would halve from last year's as an economic slowdown bites into expansion plans, Baoshan Iron and Steel said.



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BOJ Sticks to Inflation View

The Bank of Japan stuck to its upbeat inflation outlook, projecting prices will hit a 2% inflation target and stay there without the need for fresh monetary stimulus.



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China's Construction Cracks Run Deeper for Zoomlion and Sany

In China's weak market for construction machines, local firms like Zoomlion are weaker than their foreign rivals like Caterpillar.



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Australia Warned of Looming Debt Crisis

Australia risks unleashing a debt crisis similar to Europe's unless the government reins in spending and considers privatizing some state assets, according to an advisory body charged with assessing the nation's finances.



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Dozens Hurt in China Train Station Blast

A blast injured dozens at a train station the capital city of northwestern China's Xinjiang region, where President Xi Jinping traveled this week with a pledge to strike hard at terrorists.



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Turkey's Central Bank Chief Signals Possible Rate Cuts

Whereas the bank governor insists his comments have nothing to do with boosting the economy before a presidential election in August, analysts remain skeptical and warn of burgeoning inflation.



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Irish Central Bank 'Satisfied' With Stress Tests

Governor Patrick Honohan said that he was satisfied with the way Europe-wide stress tests will apply in Ireland, but refused to specify how he thought badly damaged Irish lenders would fare.



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Egyptian Blogger Bassem Sabry Dies

Bassem Sabry, one of Egypt's most respected bloggers who campaigned for civil rights and against repression, died.



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Berlusconi Begins Community Service May 9

The three-time Italian prime minister, will begin a year of community service for his conviction of tax fraud on May 9 and will assist Alzheimer's patients.



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Italy Court: Knox, Kercher Fought

An Italian court that convicted Amanda Knox in her roommate's 2007 murder says the wounds indicate multiple aggressors, and that the two exchange students fought over money the night of the murder.



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Ukrainian Leader Warns on Unrest

Ukraine's Acting President Oleksandr Turchynov said that the pro-Russian unrest that has shaken two eastern regions must not be allowed to spread to other parts of the country.



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Edoardo Cignoli : Movies Boost Time Warner Profit

Time Warner said its first-quarter profit soared as revenue across the company's segments jumped, including double-digit growth from its Warner Bros. movie business.



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Edoardo Cignoli : Exelon to Buy Fellow Utility Pepco

Exelon agreed to buy fellow electricity and gas utility company Pepco Holdings in an all-cash deal worth about $6.8 billion.



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Edoardo Cignoli : Glaxo Sees 30% Slide in Profit

GlaxoSmithKline saw first-quarter profit drop 30%, a week after it announced a series of multibillion-dollar asset swaps with Novartis to bolster its consumer health and vaccines businesses.



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Edoardo Cignoli : WellPoint's Profit Falls, Outlook Rises

WellPoint's first-quarter profit shrank a narrower-than-expected 21% on higher administrative costs, but the health insurer raised its year outlook.



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Edoardo Cignoli : Honda Delays Construction of Thai Assembly Plant

Honda Motor Co. said it would delay construction of a $530 million auto assembly plant by at least six months, the latest company to shelve expansion in the Southeast Asian nation



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Edoardo Cignoli : Barrick Gold Profit Slumps 90%

Barrick Gold said its first-quarter net profit fell 90% as the world's largest gold miner continued to grapple with lower metal prices and a decline in gold sales.



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Edoardo Cignoli : DreamWorks Swings to Loss, Hurt by 'Mr. Peabody'

DreamWorks Animation swung to a first-quarter loss as the computer-animation studio booked a steep charge tied to the weak box office performance of "Mr. Peabody & Sherman."



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Edoardo Cignoli : EBay to Take $3 Billion Tax Charge

EBay said it would take a $3 billion tax charge to bring most of its foreign-held cash back to the U.S. The online marketplace reported adjusted profit that exceeded its forecast.



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Edoardo Cignoli : Judge Approves Deal Governing Coldwater Creek Liquidation Sales

Women's clothing retailer Coldwater Creek moved closer to liquidating its merchandise and closing its stores, after a bankruptcy judge authorized the company to advance an agreement with two liquidators.



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Edoardo Cignoli : ITV Eyes U.S. Program Sales

ITV Studios, the U.K. company's growing production arm, is spending tens of millions of dollars on new shows to sell abroad. The U.S., accounting for nearly a third of the $50 billion global content market, is its primary overseas target.



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Edoardo Cignoli : Volkswagen Extends Offer Period for Scania Shares

Volkswagen has extended the deadline by three weeks on an offer to buy out minority investors in Swedish truck maker Scania after the German auto maker failed to meet its initial target of shareholder acceptance by April 25.



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Russia In Recession Now, IMF Says

Russia has already slid into recession and its central bank should be ready to tighten monetary policy, the head of the International Monetary Fund's mission to Russia, Antonio Spilimbergo, said.



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Thailand to Hold New Poll in July

Thailand's government and the country's election commission agreed on Wednesday to hold a new poll on July 20 after months of political turmoil, the poll agency said.



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Cambodia May Take In Asylum Seekers

Cambodia has agreed in principle to take in asylum seekers intercepted while trying to enter Australia, in a plan backed by the U.N. but opposed by rights advocates concerned about possible ill-treatment of refugees.



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Saudi Arabia Takes New Steps to Fight MERS Virus

The Saudi government and the kingdom's new health minister were credited with stepping up public-awareness campaigns to curb the deadly MERS virus, as the number of new cases this month nearly doubled the total number of victims.



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Iraqis Head to Polls Amid Tight Security

Iraqis headed to polling stations amid tight security across the country on Wednesday morning for the first parliamentary vote since the last U.S. troops left the country in December 2011.



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Euro-Zone Inflation Picks Up

The annual rate of inflation across the 18 countries that share the euro picked up in April, but by less than economists had expected.



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Brzezinski's Rx for Keeping Ukraine Independent

The former U.S. National Security Adviser has a plan: The Obama administration and its allies should help Ukraine become a truly independent state in the center of Europe.



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Russia Approves Internet Restrictions

Russia's parliament approved a package of bills that impose sweeping new restrictions on the Internet and blogging. The proposals drew wide criticism from local technology companies and pro-democracy activists.



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Edoardo Cignoli : Twitter's Stock Sinks Despite Growth in Revenue, Users

Twitter reported its quarterly revenue more than doubled and it stemmed four consecutive quarters of slowing user growth. But the results disappointed and Twitter shares tumbled.



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Edoardo Cignoli : Al Mirqab Agrees $1.55 Billion Deal for Heritage Oil

A subsidiary of Qatari investment fund Al Mirqab Capital SPC said it had agreed to acquire oil explorer Heritage Oil PLC for around $1.55 billion.



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Edoardo Cignoli : China Huadian Buys LNG Stake

China Huadian is buying a stake in a liquefied-natural-gas project on Canada's west coast, in a rare move that illustrates the pressures faced by Chinese electricity companies to diversify toward cleaner fuels.



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Edoardo Cignoli : Woodside Ramps Up Oil Search

Approaching its 60th corporate anniversary in July, Australia's Woodside Petroleum is looking to reconnect with its origins by finding more crude oil.



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Ferry Official Warned of Stability Issues

The Sewol's regular captain, on leave when the South Korean ferry sank, said he warned the operator of problems with the vessel's stability but was ignored, prosecutors said.



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World's Largest Coal Port Sold

New South Wales sold Newcastle Port, the world's biggest coal-export terminal, for $1.62 billion to Chinese and local buyers, as yield-hungry investors continue to back Australian privatizations.



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China Steelmaker Predicts Record Output

China is likely to set another record this year in steel production, though the rate of growth would halve from last year's as an economic slowdown bites into expansion plans, the country's largest listed steel mill said.



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Edoardo Cignoli : Norsk Hydro Sees Profit Boost

Norway's Norsk Hydro said seasonally higher sales helped boost earnings despite a fall in market prices, as the aluminum producer's first-quarter net profit beat expectations.



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Edoardo Cignoli : Iberdrola Profit Rises on Asset Sales

Spanish utility giant Iberdrola said its first-quarter profit increased 8% in the first quarter of this year, boosted by asset sales in Brazil, but recurring net income declined 4.6%.



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Edoardo Cignoli : Nokia Names Rajeev Suri CEO

Nokia named mobile-network veteran Rajeev Suri as its next CEO and said it would use cash from the sale of its handset business to distribute more than $4 billion to investors.



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Edoardo Cignoli : Total SA First-Quarter Earnings Fall 10%

Total SA said first-quarter earnings fell 10%, mostly due to lower production on the back of several major-project hurdles, as well as lower crude oil prices and higher exploration charges.



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Edoardo Cignoli : Air France Expects Pilots' Protests to Cancel Flights

Air France Chief Frederic Gagey said pilots' planned disruption of work schedules next month will lead to extensive flight cancellations and could undermine efforts to generate an operating profit.



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Edoardo Cignoli : Saga to Raise $925 Million in IPO

Saga, a provider of vacations, insurance and other products aimed at people aged over 50, said it planned to raise $925.5 million in an initial public offering on the London Stock Exchange.



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Edoardo Cignoli : British American Tobacco Sales Fall

British American Tobacco, the world's No.2 cigarette maker by revenue, posted a fall in first-quarter sales, becoming the latest big company to suffer from falling exchange rates in emerging markets.



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Edoardo Cignoli : Alstom Accepts GE's Bid for Power Business

Alstom has agreed not to seek out alternatives to the more than $12 billion binding cash offer for its energy operations submitted by GE, but will consider other offers that come up over the next month.



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Edoardo Cignoli : Sotheby's Board Members Said Loeb Right on Many Criticisms

Several board members of Sotheby's privately confirmed they agreed with some of activist investor Daniel Loeb's criticisms of the auction house, according to emails revealed in court.



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Edoardo Cignoli : Alstom Reviews GE's $17 Billion Bid for Power Division

Alstom board is to review a €12.35 billion ($17.12 billion) offer from General Electric for its power equipment division, giving GE a lead over its German rival Siemens in a politically charged takeover fight.



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Edoardo Cignoli : Shell Hit by Refining Charge

Royal Dutch Shell reported a fall in first-quarter profit after writing down the value of its refineries in Asia and Europe.



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Edoardo Cignoli : Daimler's Net Profit Nearly Doubles

The German car and truck maker reported sharply improved first-quarter results, citing strong sales of its Mercedes-Benz cars and cost savings.



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Edoardo Cignoli : Randstad Profit Rises

Dutch staffing group Randstad Holding NV on Wednesday said net profit for the first quarter was up 85% as growth continued to pick up.



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Edoardo Cignoli : Air France-KLM Trims Losses in First Quarter

Air France-KLM said Wednesday it had managed to trim its losses in the first quarter thanks to continuing cost cutting and lower fuel costs.



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Edoardo Cignoli : Bank of Beijing Hires Goldman, Morgan Stanley for IPO

Bank of Beijing has hired Goldman Sachs Group and Morgan Stanley to handle a Hong Kong initial public offering of more than US$4 billion as soon as next year.



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Ethiopia Arrests Journalists in Crackdown

The Ethiopian government has arrested nine journalists in what a press freedom group called "one of the worst crackdowns against free expression in the country."



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BOJ Stands Pat before Key Report

The Bank of Japan's board stood pat on its monetary policy Wednesday ahead of the release of its semiannual forecast on growth and prices.



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EU Imposes Sanctions on Russian Military Chief

The European Union is levying sanctions against Valery Gerasimov, chief of staff of Russia's Armed Forces, as part of an escalating response to the country's incursions into Ukraine.



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France Holds Court on Alstom

Hollande waded into the contest over Alstom's energy assets, playing GE off against Siemens in an effort to save French jobs.



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Car Bomb in Syria's Homs Kills 36

A car bomb in a predominantly Alawite district of the central Syrian city of Homs kills 36 people.



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Edoardo Cignoli : Twitter's Mr. Fix-It

Ali Rowghani, Twitter's chief operating officer, must find a way to simplify the service and boost user growth. His first report card will be out on Tuesday when Twitter reports quarterly results.



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Edoardo Cignoli : Merck Profit Rises on Cost-Cutting

Merck said its first-quarter earnings rose 7% as the drugmaker benefited from cost-cutting efforts and the divestitures of some assets, offsetting a modest revenue decline.



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Edoardo Cignoli : Archer Daniels Midland's Profit Slips

Archer Daniels Midland, one of the world's largest traders and processors of grain, said first-quarter earnings edged down as the company again reported weak results at its grain-trading division.



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Edoardo Cignoli : LyondellBasell Profit, Revenue Grow

LyondellBasell Industries said its first-quarter earnings rose thanks to revenue growth and a credit from a settlement, but its results just missed analysts' expectations.



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Edoardo Cignoli : Motorola Mobility Escapes EU Fine

Cellphone maker Motorola Mobility breached the European Union's antitrust rules in its bid to enforce a patent injunction against Apple Inc. in Germany, but the Google Inc. unit won't be fined for the violation.



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Edoardo Cignoli : ICBC to Buy Majority Stake in Turkish Bank

Industrial & Commercial Bank of China said it would buy a 75.5% stake in Turkish bank Tekstil Bankasi for around $316 million.



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Edoardo Cignoli : Suncor's Profit Rises 36%

Suncor Energy, Canada's largest oil-sands producer, said first-quarter profit rose by more than one-third on the year as a result of a weakening in the Canadian currency against the U.S. dollar and higher prices for its crude.



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Edoardo Cignoli : WH Group Scraps HK IPO on Weak Demand

WH Group, the Chinese pork producer that bought Smithfield Foods in a landmark transaction last year, scrapped its Hong Kong initial public offering of up to US$1.9 billion due to weak demand.



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Edoardo Cignoli : Sprint Loss Narrows, But Customer Base Shrinks

Sprint Corp. said its first-quarter loss narrowed, as revenue improved slightly and costs declined, though its number of contract customers shrank.



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Edoardo Cignoli : Goodyear Posts Loss

Goodyear Tire & Rubber Co. reported a $58 million first-quarter loss as Venezuelan currency charges and bad weather in North America hurt the company's bottom line.



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Edoardo Cignoli : Coach Profit Falls on Weaker Sales

Coach says its fiscal third-quarter profit declined as its North American business struggled.



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Edoardo Cignoli : Energy Future Files for Bankruptcy

Energy Future, formerly known as TXU, files for Chapter 11 bankruptcy, seeking protection in court with a plan that involves parceling out the company.



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Edoardo Cignoli : Huntsman Swings to Profit on Polyurethanes Revenue Growth

Huntsman Corp. swung to a first-quarter profit as the chemical manufacturer posted stronger revenue from its polyurethanes and textile effects businesses.



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Edoardo Cignoli : Eaton's Earnings Get Charge From Electrical Products

Eaton Corp. PLC said first-quarter earnings rose 16% as the diversified manufacturer continued to benefit from its recent acquisition of Cooper Industries, an electric-gear maker.



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Edoardo Cignoli : Consol Energy Swings to a Profit

Consol Energy said it swung to a profit in the first quarter as the energy producer reported increased revenue from natural-gas and oil sales and its costs declined.



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Edoardo Cignoli : Magellan Health Profit Falls on Higher Costs

Magellan Health Services said its first-quarter earnings fell 8.3% as the health-care management company reported higher costs and expenses, which offset an increase in revenue.



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Edoardo Cignoli : ICBC Net Profit Rises 7%

Industrial & Commercial Bank of China, the country's largest bank by assets, said first-quarter net income rose 7% from a year earlier.



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Edoardo Cignoli : American Realty, NorthStar Deny They Are Holding Talks

NorthStar Realty Finance Corp. and American Realty Capital Properties Inc. denied they were in merger talks.



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Edoardo Cignoli : Volkswagen Cruises Despite Currency Bumps

Europe's largest automotive group by sales reported an 18% rise in first-quarter net profit despite slack sales in some emerging markets.



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Edoardo Cignoli : Bank of Beijing Plans Hong Kong Listing

China-based bank looks to raise capital to meet new Basel III requirements.



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Edoardo Cignoli : Energy Future Readies Bankruptcy Filing

Texas utility Energy Future Holdings reached a restructuring deal with creditors and was preparing to file for Chapter 11 bankruptcy protection as soon as Tuesday morning.



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Thai Turmoil Seen Dragging on Growth

Thailand's growth in the first quarter is likely to contract slightly as prolonged political conflict undermined the economy, the Ministry of Finance said.



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Wounded Ukrainian Mayor Airlifted to Israel

The seriously wounded mayor of Kharkiv, who was shot in an escalation of violence in eastern Ukraine, has been airlifted to Israel for treatment, city officials said.



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Ukraine Tensions Add to CEE Risks

Mounting uncertainty about Russia's relations with the West and its neighbors threatens to weaken an expected pickup in economic growth across central and eastern Europe over coming years, the International Monetary Fund said.



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Edoardo Cignoli : France Holds Court on Alstom

Hollande waded into the contest over Alstom's energy assets, playing GE off against Siemens in an effort to save French jobs.



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Edoardo Cignoli : Samsung's New Challenge: Rising Component Costs

As the world's biggest smartphone maker tries to keep profits up in its mainstay mobile phone business, one key challenge will come from an unexpected place: the rising costs of the components that go into its devices.



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Edoardo Cignoli : Iran Cancels $2.5 Billion China Deal

Iran said it is canceling a $2.5 billion deal with China National Petroleum Corp. for the development of a giant Iranian oil field.



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Lime Shortage Squeezes Restaurants

A lime shortage has restaurants asking customers to harvest fruit from their backyards.



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Australia's Budget Realities Tax Abbott

It's the A$6.4 billion question taxing Australian Prime Minister Tony Abbott as his center-right government finalizes its first federal budget: whether to introduce a temporary levy on income to help repay mounting national debt.



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Edoardo Cignoli : Nokia's Revenue Slips

Revenue of Nokia's network arm continued to slip in the first quarter, underscoring the challenges facing its new chief executive to get the business growing.



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Edoardo Cignoli : LG First-Quarter Profit Rises

LG Electronics said first-quarter net profit rose sharply, bolstered by demand for large-screen high-resolution TVs.



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Edoardo Cignoli : Eni Posts Fall in First Quarter Profit

Italian energy company Eni said first-quarter net profit slid by 14% on the year due to a weaker U.S. dollar against the euro, lower oil prices, higher losses from refining and chemicals activities and increased taxes.



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Edoardo Cignoli : Energy Transfer Buys Susser Holdings

Energy Transfer Partners agreed to buy Texas-based convenience-store operator Susser Holdings for about $1.8 billion as it looks to create a stand-alone gasoline retail business.



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Edoardo Cignoli : Texas to Pay $10,000 for Each Toyota Job

Toyota will receive $40 million from Texas to consolidate several far-flung units in a new headquarters in the state as the company looks to cut costs and combine its North American sales, manufacturing and financial locations.



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Edoardo Cignoli : BP First-Quarter Profit Falls

BP reports first-quarter earnings as it reshapes itself in the aftermath of the Deepwater Horizon explosion and oil spill.



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Edoardo Cignoli : Statoil Profits Boosted by U.S. Gas Price Hike

Norwegian oil giant Statoil's first-quarter earnings were well above expectations, boosted by higher gas prices, especially in the U.S.



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Edoardo Cignoli : Sanofi Profit Rises

Sanofi reported a 9.6% rise in first-quarter net profit, helped by lower costs related to previous acquisitions.



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Edoardo Cignoli : Cutthroat French Market Weighs on Orange SA's Results

The French telecom operator said first-quarter revenue and operating profit fell amid still fierce competition in its domestic mobile telecom market.



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Edoardo Cignoli : Japan Sales Boost Hermes Revenue

French luxury goods maker Hermes International said first-quarter revenue rose 10% as demand for its goods in Japan surged ahead of the implementation of a sales-tax increase.



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Edoardo Cignoli : Nokia Appoints Rajeev Suri as CEO

Nokia Corp. named mobile network veteran Rajeev Suri as its next chief executive and said it would distribute an approximately $1.4 billion special dividend and initiate a share-repurchase program in an effort to return to investment grade.



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Edoardo Cignoli : Charter to Become No. 2 Cable Company

Comcast and Charter Communications reached a deal for Comcast to divest itself of 3.9 million subscribers, in a move aimed at helping it smooth over regulatory concerns involving its $45 billion deal for Time Warner Cable.



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Edoardo Cignoli : Amadeus Capital Invests in Brazil's Bidu.com

Amadeus Capital invested $4.5 million in the Brazilian online insurance broker.



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Edoardo Cignoli : Barrick, Newmont End Merger Talks

Two decades of intermittent merger talks between Barrick and Newmont were off again Monday amid public mudslinging about who killed a deal that would have created a global mining giant.



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Mt. Gox Creditors, Investors Agree to Try Reviving Exchange

Lawyers for creditors involved in a class-action lawsuit against Mt. Gox have reached an agreement to support a group of U.S. investors' bid to revive the bankrupt bitcoin exchange.



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Navy Shipbuilders Share $17.6 Billion Submarine Order

The U.S. Navy's two largest shipbuilders, General Dynamics and Huntington Ingalls Industries, will share a record $17.6 billion order for 10 nuclear submarines.



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Natural-Gas Prices Climb

Prices jumped to a two-month high as investors wagered that supplies wouldn't bounce back fast enough from their lowest levels in 11 years.



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Canada Sells 50-Year Bonds

Canada made a rare and successful foray into the ultralong-bond market, raising US$1.36 billion from an issue of 50-year bonds.



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Malaysia Opposition Leader Anwar Plans Rally

Opposition leader Anwar Ibrahim and other political and civic figures are planning a mass rally in Kuala Lumpur on Thursday in what could be Malaysia's last big political protest before his headline-grabbing sodomy trial is concluded.



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Malaysia Detains Nine Terror Suspects

Nine suspected Malaysian militants were detained Monday for allegedly planning to carry out terrorist acts in the country and abroad, police said.



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Abbas Denounces Holocaust

Palestinian President Mahmoud Abbas denounced the Holocaust as the "most heinous" modern crime, a message that drew mixed reactions in Israel and marked one of the strongest such statements by an Arab leader.



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Sainthood for Two Popes

Pope Francis proclaimed as saints Pope John Paul II and Pope John XXIII, considered two of the great popes of the 20th century, in an elaborate ceremony as hundreds of thousands of pilgrims thronged St. Peter's Square.



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Bundesbank Sees No Evidence of Low Inflation Danger

The bank criticized both historical and real time data used by the IMF and OECD to make their forecasts.



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Australia Prime Minister Pitches Budget Cuts

Tony Abbott plans in his upcoming federal budget to take on government welfare programs that his ruling party says are increasingly unaffordable.



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Team to Probe Helicopter Crash

A British military air accident team is due to arrive in southern Afghanistan to investigate Saturday's crash of a Lynx Mk9A helicopter, which killed five servicemen, the U.K. Ministry of Defence said.



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Taiwan's Move From Nuclear May Increase Power Costs

Taiwanese manufacturers, many export-focused, may have to shoulder higher electricity costs after the government announced it would stop construction on a new nuclear power plant.



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Coal to Fill China's Nuclear Gap

Though China is pushing nuclear and renewables hard, coal will be the fuel of the world's most populous, and polluted, country into the foreseeable future, energy consultancy Wood Mackenzie forecasts.



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Assad Declares Candidacy for Syria Elections

President Assad announced his candidacy for the June 3 presidential elections on Monday, a race he is likely to win amid a raging civil war that initially began as an uprising against his rule.



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Edoardo Cignoli : Charter, Comcast in Subscriber Deal

Comcast and Charter Communications reached a deal for Comcast to divest itself of 3.9 million subscribers, in a move aimed at helping it smooth over regulatory concerns involving its $45 billion deal for Time Warner Cable.



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Edoardo Cignoli : Barrick, Newmont End Merger Talks

Talks between Barrick Gold and Newmont Mining have ended, marking another failure in the long history of merger talks between the world's two largest gold miners.



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BofA to Suspend Capital Action Plan

Bank of America Corp. will suspend its capital actions—including a $4 billion share buyback plan and increased dividend—after it uncovered an incorrect accounting adjustment.



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New Bid Disrupts Alstom-GE Deal

Siemens barged in on Alstom's plans to sell its energy assets to General Electric, proposing a counter offer that would forge a global behemoth while keeping a symbol of French industry rooted in Europe.



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Obama Aims to Change Malaysia Relations

President Barack Obama said that he would encourage Malaysia to make progress on human rights issues, adding that his decision not to meet with the chief opposition leader didn't indicate a lack of concern.



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Two Bombings Kill Six in Pakistan

Two bombings have killed three soldiers and as many seminary students in Pakistan, officials said Monday.



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The Scarcity Fallacy

Essay: Ecologists worry that the world's resources come in fixed amounts that will run out, but we have broken through such limits again and again. Matt Ridley on how innovation improves the environment.



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Rome Braces as Popes Become Saints

Rome, already straining to handle crowds drawn by the immensely popular Pope Francis, is girding for an epic flow of pilgrims with this Sunday's canonization of two other beloved pontiffs, Pope John Paul II and Pope John XXIII.



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Singapore Braces for Kitty Riot at McDonald's

A new promotion for Hello Kitty toys at McDonald's has Singaporeans worried about a repeat of the mayhem that gripped the city last time—and clawing for a piece of this year's action.



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Chinese Boost Bets on Australian Tourism

Chinese investors, done splurging on Australia's once-booming mining industry, are sniffing around the country's tourism market in search of bargains.



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Brazil World Cup Aims for the Right Accent With New Album

"One Love, One Rhythm: The Official FIFA World Cup Album," featuring the likes of Pitbull, Claudia Leitte, Shakira and Santana, marks an effort to target the hard-to-define demographic: the pan-Latin American consumer.



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Obama Unveils Timing of New Russia Sanctions

President Obama announced that new U.S. sanctions against Russia will be imposed on Monday and will target an expanded list of individuals and companies in an effort to pressure Moscow to reduce tensions in Ukraine.



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Kharkiv Mayor Shot in Attack, Council Says

The mayor of Ukraine's second largest city, which has largely managed to fend off the unrest that has engulfed other parts of the east, was shot by gunmen and is clinging to life, the Kharkiv city council said.



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Six Activists Win Goldman Environment Prize

Six environmental advocates from India, Peru, Russia and three other nations have won this year's Goldman Prize, which is awarded annually for grass-roots activism.



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Edoardo Cignoli : Bitcoin Exchange Halts Deposits Tied to China Merchants Bank

Chinese bitcoin exchange BTC China is no longer accepting customer deposits in yuan from one of the country's largest banks, China Merchants Bank.



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Armed Men Storm East Ukraine Police Station

A group of 30 armed men stormed a police station in eastern Ukraine, targeting a small city that hadn't seen unrest and marking the first attempt to commandeer a government building in the region in over a week.



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ECB Says Euro-Zone Risks Remain

The euro zone isn't entirely clear of the financial stability risks that weighed on its economy during the financial crisis, but it has made progress, the European Central Bank's Vice President Vitor Constancio said Monday.



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Dubai Overtakes Heathrow as Busiest International Airport

Dubai International became the busiest airport globally for international passengers in the first quarter, overtaking London's Heathrow.



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Egypt Court Sentences More Than 680 to Death

The spiritual leader of the Muslim Brotherhood was one of over 680 people sentenced to death in Egypt over acts of violence and the murder of a policeman in riots last year.



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Flight 370 Search Area Extended

Australia said it would refocus the search for Malaysia Airlines Flight 370, after giving up hope of finding wreckage in a narrow area of the southern Indian Ocean that they previously believed was the most likely location of the missing jetliner.



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Russia Seeks New Relationship With Iran

Iran held talks with Russia over $10 billion worth of electricity deals, in the latest attempt by Moscow to leverage a privileged relationship with Tehran.



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Philippines, U.S. Sign Military Pact

Philippine and U.S. officials signed a 10-year deal allowing greater American military presence in the Southeast Asian country, just minutes before President Barack Obama landed for a state visit.



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Edoardo Cignoli : Alibaba Group, UCWeb to Form Joint Venture

Alibaba Group is joining with mobile browser company UCWeb to introduce a new search service for China's growing number of smartphone users.



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Edoardo Cignoli : Panasonic Expects Profit Rise

Panasonic's upbeat outlook follows an aggressive reshaping of its businesses, marked by a shift out of unprofitable consumer electronics.



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Edoardo Cignoli : BG Group CEO Chris Finlayson Resigns

BG Group today reported that Chris Finlayson will resign as chief executive with immediate effect for personal reasons and said 2014 production will be at the lower end of guidance.



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Edoardo Cignoli : Pfizer Confirms AstraZeneca Approach

Pfizer said it made a renewed approach to AstraZeneca regarding a takeover valued at nearly $100 billion, but the U.K.-listed pharmaceutical firm had declined to engage in talks.



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Edoardo Cignoli : Meda Rejects Sweetened Mylan Bid

Swedish specialty pharmaceuticals company Meda rejected a sweetened merger bid from U.S. peer Mylan, saying it prefers to remain a stand-alone company, while a lack of support from its largest shareholder would scuttle the deal anyway.



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Edoardo Cignoli : Drug Sales Give Bayer Profit Boost

The German pharmaceutical and chemicals company reported a 23% rise in first-quarter net profit as sales growth offset the impact of a strong euro.



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Edoardo Cignoli : Holcim Profit Falls Ahead of Lafarge Tie-up

Holcim's first-quarter net profit fell 57% from a year earlier, as the Swiss cement giant prepares to merge with French competitor Lafarge.



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Edoardo Cignoli : GE Aviation Gets $1.5 Billion AirAsia X Deal

Malaysian budget airline AirAsia X agreed to use GE Aviation's engines and services to power its 25 new aircraft in a deal worth over $1.5 billion.



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Edoardo Cignoli : TNT Cost Cuts Offset Falling Revenue

Dutch parcel delivery firm TNT reported a sharp drop in first-quarter net profit as last year's figure was boosted by a breakup fee from the failed UPS takeover.



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Edoardo Cignoli : Etisalat Agrees Funding for Maroc Telecom Deal

Abu Dhabi's Emirates Telecommunications has signed a financing deal worth €3.15 billion ($4.35 billion) with 17 banks to help fund the purchase of a 53%-stake in Maroc Telecom from France's Vivendi.



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Highflying Small Caps Get Clipped

Abreast of the Market: Last year's blistering rally in shares of smaller companies may have cooled off, but many investors say the group still appears pricey.



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Worsening Drought Hits Wheat Price

The southern Plains is entering its fourth year of drought, reducing harvests in the biggest wheat-growing region of the U.S.



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Och-Ziff Loans Financed Controversial Congo Deals

Hedge-fund company Och-Ziff Capital Management Group helped finance controversial African oil and mining deals, a trail of corporate documents shows, and now faces scrutiny from U.S. authorities.



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U.S. Firms Gear Up for Investor Activism in Europe

U.S. law firms, crisis-communication shops and Wall Street banks are betting that American-style investor activism is about to spread into Europe.



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Edoardo Cignoli : Pfizer to Pursue Bid for AstraZeneca

Pfizer plans to pursue a bid for AstraZeneca, eyeing a tie-up that would create a pharmaceutical giant and fuel an already booming year for merger-and-acquisition activity, particularly in health care.



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Edoardo Cignoli : Drugs Aim to Help Elderly Rebuild Muscle

In 1997,a scientist genetically engineered "Mighty Mice" with twice as much muscle as regular rodents. Now, pharmaceutical companies are using his discovery to make drugs that could help elderly patients walk again and rebuild muscle in a range of diseases.



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Edoardo Cignoli : Yue Yuen: Strikes Cost $27 Million

Yue Yuen Industrial, a supplier for Nike and Adidas, estimated the losses caused by strikes at its shoe factory at $27 million.



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Fledgling Iraqi Military Is Outmatched on Battlefield

As Iraq prepares for its first post-occupation parliamentary elections on Wednesday, its demoralized, underequipped military is losing the fight against Islamist militants.



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Edoardo Cignoli : New Bid Disrupts Alstom-GE Deal

Siemens barged in on Alstom's plans to sell its energy assets to General Electric, proposing a counter offer that would forge a global behemoth while keeping a symbol of French industry rooted in Europe.



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Edoardo Cignoli : Stakes High for GE's Immelt in Alstom Fray

The unexpected tug of war for Alstom that broke out over the weekend carries high stakes for GE CEO Jeff Immelt, who must fight for a deal that may now end up strengthening a competitor.



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Edoardo Cignoli : Warner Bros. on a Caped Crusade

Warner Bros. studios has put renewed focus on reinvigorating its DC Comics characters in movies and television. But it has a long way to go to catch up to its more-successful nemesis, Marvel Comics, now owned by Walt Disney Co.



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Edoardo Cignoli : Agriculture Still Feels Winter's Chill

The harsh winter's impact on agricultural companies is likely to become clearer this week when grain giants ADM and Bunge report first-quarter earnings. The Week Ahead



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Edoardo Cignoli : Bankruptcy Law Firm Stutman Treister to Close

The venerable Los Angeles-based bankruptcy-law boutique Stutman Treister & Glatt has decided to close its doors, in the latest sign of the bankruptcy bar's sagging fortunes.



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Jet Mystery Hangs Over Obama Visit

What happened to Malaysia Airlines Flight 370 remains unknown nearly 50 days after it vanished—a mystery that hangs over the nation as it prepares for President Obama's weekend visit.



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Sainthood for Two Popes

Pope Francis declared the sainthood of Pope John XXIII and Pope John Paul II, both linked to significant reforms.



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U.S. Beefs Up Military Options for China

The U.S. military has prepared options for a muscular response to any future Chinese provocations, reflecting concerns that allies in Asia have questions about the Obama administration's security commitments, according to U.S. officials.



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North Korea Detains Second U.S. Tourist in Six Months

A 24-year-old American who has been detained in North Korea declared he wasn't a tourist and tore up his visa upon arriving in the country, the U.S.-based agency that organized the trip said it was told by guides who accompanied him.



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Edoardo Cignoli : Missing Out on Marcellus Riches

An impasse over funding new pipeline capacity meant New England paid record heating and electricty prices this winter even though the region is near natural gas from the Marcellus Shale.



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Edoardo Cignoli : Goodman Fielder Rejects Offer from Wilmar, First Pacific

Goodman Fielder Ltd. said it rejected a takeover bid from Wilmar International Ltd. and First Pacific Company Ltd. valuing the breads and spreads maker at 1.27 billion Australian dollars (US$1.18 billion).



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Edoardo Cignoli : Microsoft Browser Has Security Flaw

A security hole in Microsoft's Internet Explorer—the default Web browser for many—could be particularly troubling for those still running Windows XP.



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Germany Debates Tax Cuts

While most governments across Europe are looking for ways to cut their budget deficits, Germany faces a different dilemma: mounting tax revenue and what to do about it.



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U.S., European Governments Plan to Ramp Up Sanctions Against Russia

U.S. and European governments planning to ramp up sanctions against Russia as early as Monday will target those in Russian President Vladimir Putin's inner circle and the industries they control, including defense, Obama administration officials said on Sunday.



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Edoardo Cignoli : Ford Profit Drops 39% on Higher Costs

Ford Motor's first-quarter net income fell 39% as the company added to reserves for repairs, suffered weaker sales in North America and wider losses in South America.



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Edoardo Cignoli : Whirlpool, Electrolux Enjoy European Uptick

Appliance makers Whirlpool and Electrolux both got a first-quarter sales boost from a part of the world that has long been a drag: Europe.



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Muslims Flee Central African Republic Capital

Some 1,300 of the last remaining Muslims in the country's capital left on Sunday, escorted by African peacekeepers through a gauntlet of jeering crowds after months trapped in a squalid camp surrounded by Christian lynch mobs.



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Edoardo Cignoli : New Shell Chief Lays Out Plans

New Shell CEO Ben van Beurden says he plans to apply a small-firm mind-set about spending to boost profit at the global the oil-and-gas company.



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Edoardo Cignoli : Energy Firms Warn on EU Derivatives Rules

Major European energy producers have warned the European Union's executive body that new rules designed to shine a light on opaque derivative markets will backfire by increasing their business risks.



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Edoardo Cignoli : Toyota to Revamp U.S. Marketing Operations

Toyota plans to roll out a restructuring of its U.S. marketing operations in California as early as Monday, people familiar with the plans said.



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Edoardo Cignoli : Premier Oil Rebuffs Two Recent Takeover Offers from Ophir Energy

U.K.-listed oil and gas explorer Premier Oil PLC has rebuffed two recent takeover offers from its peer Ophir Energy PLC, according to people familiar with the matter.



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Edoardo Cignoli : Essar's Minority Investors Hire Legal Adviser

Minority investors in refining and power company Essar Energy PLC have hired a law firm and are taking legal advice as they try to resist a hostile bid for the company from its majority Indian shareholder.



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Edoardo Cignoli : Abu Dhabi's Etisalat Profit Up on Strong U.A.E. Performance

Abu Dhabi's Emirates Telecommunications Corp. posted an 11% increase in net profit in the first quarter as the Middle East telecoms operator won significantly more customers in its home market of the United Arab Emirates.



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Human Rights, Economy Test Iran Leader

Less than a year after Iranian President Hasan Rouhani was elected in a landslide vote on a platform of change, he faces his first domestic crisis, as public anger roils his administration.



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Obama Says United Front Needed to Deter Russia

President Barack Obama said a united international coalition has the best chance of deterring Russian President Vladimir Putin, pushing back suggestions that the U.S. should proceed with or without European allies and impose further sanctions on Moscow.



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Amid Devastation of Aleppo, Museum Fights to Preserve Heritage

Curators at the Aleppo National Museum are struggling to protect Syria's ancient heritage from the civil war's destruction that has left the historic walled city in ruins.



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Valcke Urges Quick Decision From FIFA

An internal report from soccer's governing body released this week detailed a series of corruption allegations related to Qatar's bid to host the 2022 World Cup.



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South Korea Premier Resigns Over Ferry Sinking

Chung Hong-won said he wished to take responsibility for the government's handling of the ferry disaster that left nearly 300 people dead or missing.



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Pro-Russia Rebels Parade Western Hostages in Ukraine

Pro-Russia rebels in eastern Ukraine raised the stakes in their conflict with Kiev by parading Western military observers as hostages and showing images of three bloodied Ukrainian intelligence officers.



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Obama Speaks in Personal Terms to Southeast Asian Youths

President Barack Obama, speaking Sunday in personal terms about his youth, hopes, and regrets, encouraged young people from 10 Southeast Asian nations to strive for a world with less violence and greater opportunity.



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Afghan Presidential Candidates Allege Fraud

The two top vote-getters in Afghanistan's presidential election alleged widespread fraud and other irregularities in the April 5 vote, with the leading contender saying he could still emerge as victor without a runoff.



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Afghan Taliban's Chief Military Commander Steps Down

Mullah Abdul Qayum Zakir, the hard-line chief military commander of the Afghan Taliban, has stepped down from his post in a major leadership change that could facilitate the restarting of peace talks aimed at ending Afghanistan's 13-year war.



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Paris Slams Brakes on GE Plans for Alstom Unit

France hit the brakes on GE's proposed purchase of Alstom's energy businesses, saying it was considering an alternative involving Siemens.



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Popular U.S. Television Shows Removed From Chinese Video Sites

Four U.S. TV shows that air on Chinese video websites have been taken down because of "government regulations," said China's state-run media.



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Palestinian Leader Denounces Holocaust

Palestinian President Mahmoud Abbas denounced the Holocaust as the "most heinous" modern crime, a message that drew mixed reactions in Israel and marked one of the strongest such statements by an Arab leader.



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U.S., Philippines to Sign Security Pact

The U.S. and the Philippines will sign a pact Monday that would clear the way for significant U.S. forces to return to the Southeast Asian nation, the White House confirmed, capping eight months of negotiations.



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Diplomat Urges Assad Regime to Remove Remaining Dangerous Chemicals

Sigrid Kaag, the diplomat heading the international mission to rid Syria of its chemical weapons, urged the regime of President Bashar al-Assad Sunday to remove the remaining dangerous chemicals from his territory, so watchdogs can meet their target of destroying the chemicals by June 30.



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Edoardo Cignoli : Siemens Enters Race for Alstom Unit

German industrial conglomerate Siemens AG signaled that it has started bidding for a unit of French heavy machinery maker Alstom SA.



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Sainthood for Two Popes

Pope Francis proclaimed as saints Pope John Paul II and Pope John XXIII, considered two of the great popes of the 20th century, in an elaborate ceremony as hundreds of thousands of pilgrims thronged St. Peter's Square.



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Obama Expected to Sign Philippines Defense Deal

The agreement would allow U.S. forces to return to the Philippines more than two decades after the Navy withdrew from what was once was its largest overseas base.



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In Bangladesh, Retailers Work to Right Factories

A year after the Rana Plaza factory collapse that killed 1,100 people, the effort to improve inspection of Bangladesh's thousands of garment manufacturers is gathering pace.



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Aircraft Bound for Oslo Lands in Sweden Amid Bomb Threat

A Norwegian Air Shuttle flight bound for Norway from Denmark was forced to land at Göteborg Landvetter Airport in Sweden following a bomb threat. Police said a passenger was arrested.



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Fitch Upgrades Spain's Rating

Fitch Ratings upgraded Spain by one notch to BBB-plus, reflecting investors' increasingly positive outlook on an economy that is coming out of a six-year downturn.



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Obama Hopes to Transform Relations with Malaysia

President Barack Obama arrived in Malaysia on Saturday for what he deemed a historic visit, saying that his two-night stay is a chance to continue to transform the U.S. relationship with the Southeast Asian country.



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Slovenian Premier Loses Party Leadership

Slovenia's first female prime minister lost the leadership of her center-left party after a year in office, raising the prospect of early elections.



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Equities Head Has Helped Lead Morgan Stanley's Revival

Edward Pick, Morgan Stanley's equities boss, has played a key role in the firm's turnaround since the financial crisis. His unit has emerged as one of the bank's biggest growth engines.



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The Tricks to Traveling Cheaply

Airfares are sky high, but there are good deals on places to stay.



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S. Korea Premier Offers to Resign Over Ferry Sinking

South Korean Prime Minister Chung Hong-won on Sunday offered to resign over the perceived poor handling by the government of the sinking of a ferry that has left nearly 300 people dead or missing.



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Pro-Russian Militants Came From Crimea, Says Commander

The elusive commander of the pro-Russia militants who have seized the east Ukrainian city of Slovyansk has revealed himself for the first time since the crisis began, saying in a taped interview that his armed crew arrived in Ukraine's east from Crimea.



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Singapore Braces for Kitty Riot at McDonald's

A new promotion for Hello Kitty toys at McDonald's has Singaporeans worried about a repeat of the mayhem that gripped the city last time—and clawing for a piece of this year's action.



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Rome Braces as Popes Become Saints

Rome, already straining to handle crowds drawn by the immensely popular Pope Francis, is girding for an epic flow of pilgrims with this Sunday's canonization of two other beloved pontiffs, Pope John Paul II and Pope John XXIII.



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Chinese Boost Bets on Australian Tourism

Chinese investors, done splurging on Australia's once-booming mining industry, are sniffing around the country's tourism market in search of bargains.



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Brazil World Cup Aims for the Right Accent With New Album

"One Love, One Rhythm: The Official FIFA World Cup Album," featuring the likes of Pitbull, Claudia Leitte, Shakira and Santana, marks an effort to target the hard-to-define demographic: the pan-Latin American consumer.



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The Scarcity Fallacy

The Saturday Essay: Ecologists worry that the world's resources come in fixed amounts that will run out, but we have broken through such limits again and again. Matt Ridley on how innovation improves the environment.



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Edoardo Cignoli : HTC Design Chief to Step Down

HTC's design chief will step down, as the Taiwanese smartphone maker's market share shrinks and its reorganization continues.



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U.S., Japan Fail to Clinch Trade Deal

The U.S. and Japan failed to meet a goal of reaching a broad agreement on free trade during President Obama's three-day stay in Tokyo, Japan's economy minister said.



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South Korea Arrests More Ferry Crew

All 15 people involved in navigating the South Korean ferry that sank and left more than 300 people dead or missing are now in custody after authorities on Saturday detained four more crew members, a prosecutor said.



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Merkel Tells Putin of Her 'Great Concern' Over Ukraine

German Chancellor Angela Merkel told Russian President Vladimir Putin about her "great concern" over the situation in eastern Ukraine and called on Moscow to live up to the Geneva agreement.



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Syria Nears Removal of Chemical Arms

Syria has removed more than 90% of the lethal chemicals from the country and could finish by the Sunday deadline, marking a milestone in the push to destroy the war-torn country's chemical weapons.



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Shiites Targeted in Karachi Bombing

At least four people were killed and 26 injured in a bombing in Karachi, the latest attack in Pakistan's volatile commercial center, with the blast apparently targeting a bus carrying Shiites.



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Greek Anarchists Claim Responsibility for Athens Blast

Militant group Revolutionary Struggle claims responsibility for a bomb blast in central Athens earlier this month that was timed to coincide with the country's return to the international capital markets.



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Afghan Presidential Election Set for Runoff

No single candidate won an outright majority in Afghanistan's April 5 presidential race, which will require a runoff among the two top vote-getters, according to preliminary results released on Saturday.



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EU, G-7 To Step Up Sanctions On Moscow

The Group of Seven industrialized nations, including the U.S., and the European Union agreed to impose new sanctions on Russia after concluding the Kremlin isn't abiding by an agreement to lower tensions in Ukraine.



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NATO Troops Killed in Afghanistan

Five NATO troops died in a British helicopter crash Saturday in southern Afghanistan, authorities said, the single deadliest day this year for foreign forces as they prepare to withdraw from the country.



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Ukraine Militants Seek Swap for Hostages

The OSCE inspectors taken hostage by pro-Russia militants in eastern Ukraine will go free only in exchange for prisoners tied to the anti-Kiev uprising, a leader for the armed activist movement said.



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OECD Criticizes Germany on Money Laundering

The Organization for Economic Cooperation and Development has criticized Germany for not doing enough to fight money laundering, according to a German media report.



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Cambodia's Top Court Rejects Extraditing Russian Tycoon

Cambodia's Supreme Court rejected Moscow's request to extradite Russian businessman Sergei Polonsky who is wanted for alleged embezzlement.



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U.S. Trade Plans Could Spark Malaysia Backlash

The U.S.'s Asian trade ambitions may run into roadblocks in Malaysia, where local civic groups are protesting their country's involvement in the Trans-Pacific Partnership.



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Philippine Central Bank May Need to Raise Rates

A deputy governor of Philippines' central bank said in an interview it would have to raise interest rates if inflation continues to pick up.



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China Loosens Currency Controls for Multinationals

China's foreign exchange regulator is loosening some currency controls for multinational companies.



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HTC Design Chief to Step Down

HTC's design chief will step down, as the Taiwanese smartphone maker's market share shrinks and its reorganization continues.



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Commodities: To Buy or Not to Buy?

The prices of many raw materials are rallying. Here's what you need to know if you are weighing whether to brave a risky market.



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Gold Prices Gain on Ukraine Concerns

Gold prices rose above $1,300 a troy ounce as Russian troop movements near Ukraine's border heightened investors' concerns about the conflict.



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Starbucks Buyers Sit on Sidelines As Coffee Prices Soar

Starbucks's coffee purchases have nearly ground to a halt over the past four-to-five weeks, as the prices for coffee beans soared, Craig Russell, Starbucks's head of coffee said Friday.



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Peru Considers Allowing Military to Shoot Down Drug Planes Again

The government of Peru is reviewing whether to allow its military to shoot down aircraft suspected of smuggling cocaine, after neighboring Bolivia said it would permit its air force to do so.



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Edoardo Cignoli : Starbucks Buyers Sit on Sidelines As Coffee Prices Soar

Starbucks's coffee purchases have nearly ground to a halt over the past four-to-five weeks, as the prices for coffee beans soared, Craig Russell, Starbucks's head of coffee said Friday.



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Rome Prepares for a Rare Double Canonization

On Sunday Pope Francis Will Declare the Sainthood of Pope John XXIII and Pope John Paul II, both linked to the Second Vatican Council



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Jet Mystery Hangs Over Obama Visit

What happened to Malaysia Airlines Flight 370 remains unknown nearly 50 days after it vanished—a mystery that hangs over the nation as it prepares for President Obama's weekend visit.



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Uganda Set to Increase Government Spending

Museveni government seeks to stimulate economy of East African nation and offset revenue shortfall due to antigay law and war in neighboring South Sudan.



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Germany Debates Tax Cuts Amid Rapid Rise in Revenue

While most governments across Europe are looking for ways to cut their budget deficits, Germany faces a different dilemma: mounting tax revenue and what to do about it.



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China's Politburo: Economic Growth Within Target Range

China's economic growth in the first quarter was within the targeted range and the employment situation was comparatively good, the Communist Party's powerful Politburo said Friday.



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Ecuador Expels Pentagon Group Attached to U.S. Embassy

Ecuador has ordered 20 Defense Department employees attached to the U.S. Embassy in Quito to leave the country next week, U.S. officials confirmed.



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Edoardo Cignoli : Batista's OGP Gets Offer for Colombia Assets

The struggling oil company of Brazilian businessman Eike Batista said late Friday it has received a firm offer from an unnamed potential buyer for assets in Colombia.



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Edoardo Cignoli : WPP Boosted by U.S., U.K.

Advertising giant WPP said the year started more strongly than expected even though revenue was weighed down by unfavorable foreign exchange rates.



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Edoardo Cignoli : Commercial-Vehicle Maker Volvo Swings to Profit

Swedish commercial-vehicle maker Volvo raised its outlook for the North American market and swung to a first-quarter profit.



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Edoardo Cignoli : Peugeot Citroën First-Quarter Revenue Rises

French auto maker Peugeot Citroën reports a 1.9% rise in its first-quarter revenue, held back by the euro's strength.



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Edoardo Cignoli : Honda Profit Soars on Japan Sales

Honda's net profit surged in the January to March quarter as the economic policies of Prime Minister Shinzo Abe and a last minute rush to buy cars before a sales tax took effect drove up sales in the long-stagnant Japanese market.



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Edoardo Cignoli : Saab AB First-Quarter Net Income Down 33%

Saab AB said net income fell 33% in the first quarter after the maker of Gripen combat planes embarked on a restructuring program.



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Edoardo Cignoli : Baidu Profits From Smartphones

Baidu said it was making more money off Chinese using smartphones and other gadgets, a sign that the company is keeping up with a seismic shift in the world's largest online market.



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Edoardo Cignoli : Pearson First-Quarter Sales Rise

Pearson said it made a solid start to the year as the U.K.-based publisher and education specialist reported a rise in first-quarter sales.



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Edoardo Cignoli : Swedish Bank SEB First-Quarter Profit Rises

Swedish bank SEB reported higher-than-expected net profit for its first quarter as its net interest income grew.



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Edoardo Cignoli : No Resolution for South Africa Miners Strike

Anglo American Platinum, Lonmin and Impala Platinum said they have been unable to reach a resolution to settle the three-month strike action despite their new offer



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Edoardo Cignoli : Beijing Takes Workers' Side in Sneaker Strike

China told a supplier to Nike and Adidas to take corrective measures to end a strike that has prompted one customer to shift some production elsewhere.



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Edoardo Cignoli : Agents for Japan's Marubeni Detained in China

Japanese commodity-trading house Marubeni said that three employees at a Chinese company affiliated with one of its U.S. trading units have been detained by customs officials in the eastern city of Qingdao.



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Obama Lands in South Korea With North in Mind

Barack Obama arrives in South Korea with a warning for Pyongyang as the White House continues to keep a wary eye on North Korea's nuclear test site.



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Alibaba Puts IPO Record in Sight

Alibaba and its bankers are discussing adding new shares to the company's IPO, a move that would allow the e-commerce giant to raise funds for itself and could push the size of the deal to a record.



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Commodity Markets Take Brighter View of China

Global commodity investors are turning more positive toward China as the country continues to import massive amounts of resources like iron ore, copper and soybeans even as economic growth slows.



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Edoardo Cignoli : United Stumbles as Others Soar

First-quarter results for American Airlines and Southwest soared, while JetBlue's profit narrowed sharply and United delivered a wider loss.



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Edoardo Cignoli : Bunge in Process of Selling Brazil Sugar Business

Bunge is in the middle of the process of selling its Brazilian sugar business, says the outgoing chief executive of Bunge Brazil, Pedro Parente.



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Parents Confront Officials in South Korean Ferry Crisis

As Korea's ferry crisis entered a 10th day, officials agreed to consider a diving bell in the rescue operation to end a standoff with parents.



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Bunge Opens Terminals to Boost Brazil Exports

Bunge Ltd. inaugurates on Friday two grain- and oilseed-loading terminals in Brazil that will increase its export capacity from that country by 4 million tons a year.



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Edoardo Cignoli : UPS to Take Charge on Health-Plan Shift

UPS will record a $1.05 billion pre-tax charge in the second quarter as it moves about 125,000 unionized package delivery employees off its own health-care plan and into multi-employer health-care plans.



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Edoardo Cignoli : Caterpillar Earnings Beat Estimates

Caterpillar's first-quarter profit rose a better-than-expected 4.8% on mostly flat sales as the maker of construction equipment continues to deal with a slowdown in its mining-equipment business.



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Edoardo Cignoli : Alibaba Co-Founders Set Up Philanthropy

Jack Ma, the co-founder of Chinese e-commerce giant Alibaba, is pouring much of his personal wealth into the creation of one of Asia's largest philanthropic trusts, highlighting what many see as the dawn of a new era of giving among China's freshly minted billionaires.



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Edoardo Cignoli : NTT Docomo to Exit India Market

NTT Docomo, Japan's biggest mobile carrier, will sell its stake in Tata Teleservices, ending a troubled foray into India.



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Edoardo Cignoli : Colombia Aims to End Standoff Between Oil Companies, Indians

Colombian officials will meet with some 300 U'wa Indians in the hopes of ending a standoff that has prevented oil companies from repairing a pipeline damaged by rebels.



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Edoardo Cignoli : Volkswagen Temporarily Laying Off 900 in Brazil

Volkswagen is temporarily laying off about 900 workers at its Anchieta plant near São Paulo, Brazil, due to slow sales, according to the local workers union.



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Russia Starts Military Drills After Clashes

Ukrainian forces moved in on a pro-Russian stronghold Thursday, but quickly halted their advance after Russia activated the thousands of troops it has massed just across the border.



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Draghi: ECB Is Open to Asset Purchases

European Central Bank President Mario Draghi said the institution is open to broad-based purchases of assets if consumer-price growth weakens to the point of threatening the euro zone's fledgling recovery.



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Afghan Officer Kills 3 Americans

An Afghan policeman opened fire on doctors at a hospital run by a U.S. charity in Kabul, killing three Americans.



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Colombia Aims to End Standoff Between Oil Companies, Indians

Colombian officials will meet with some 300 U'wa Indians in the hopes of ending a standoff that has prevented oil companies from repairing a pipeline damaged by rebels.



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Rio Officials Investigate Dancer's Death

Authorities here aren't ruling out police involvement in the violent death of a well-known dancer that has sparked unrest in a favela near the city's main tourist districts.



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Venezuelan Economy Slows Sharply

Caracas said GDP growth slowed to 1.3% in 2013 compared to 5.6% the prior year, and inflation soared 4.1% in March compared with the previous month.



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IMF: South Africa Slows Region's Growth

Tense mining sector relations, tight electricity supply and weak consumer and investor confidence are hobbling what until this month was region's biggest economy, the International Monetary Fund said.



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Obama Reassures Abe on Disputed Islands

Obama reassured Abe that if islands at the center of Japan's territorial dispute with China were attacked, the U.S. would come to Japan's aid, provoking a swift response in Beijing.



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U.S., Japan to Push Ahead With Trade Talks

Talks continued Friday after President Barack Obama and Prime Minister Shinzo Abe instructed their chief trade negotiators to push forward with efforts to reach a deal that is crucial to the Trans-Pacific Partnership.



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Australian Central Banker Warns Against Deep Budget Cuts

Australia's government needs to be careful not to cut spending too deeply in next month's budget, warns Reserve Bank of Australia board member John Edwards.



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China Court Releases Japanese Ship at Center of Dispute

A Chinese maritime court said Mitsui O.S.K. Lines paid ¥4 billion ($39 million) to release a ship impounded over a civil suit regarding Chinese war-reparations claims from the 1930s.



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Rome Braces as Popes Become Saints

Rome, already straining to handle crowds drawn by the immensely popular Pope Francis, is girding for an epic flow of pilgrims with this Sunday's canonization of two other beloved pontiffs, Pope John Paul II and Pope John XXIII.



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No Consensus Reached at Brazil Internet Conference

The two-day Net Mundial conference on Internet governance came to a close in Brazil with a crowd of representatives from governments, companies and interest groups still divided over key issues.



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Japan CPI Rises Less Than Expected

A closely watched Japanese inflation gauge rose a bit less than expected in April, the government said Friday, creating room for possible doubts among Bank of Japan policy makers that the recent increase in the domestic sales tax would stoke strong upward price movements.



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Edoardo Cignoli : Recalls Hurt GM Profit, But Results Beat Estimates

General Motors' first-quarter earnings fell 82% but exceeded Wall Street's expectations as its push to sell cars and trucks at higher prices in North America helped offset some of the costs of safety recalls.



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Edoardo Cignoli : Zimmer-Biomet: The Deal That Shook Warsaw, Ind.

A $13.35 billion deal to combine two medical-device makers—Zimmer and Biomet—is big news for Warsaw, Ind., where both companies are based, and which proudly calls itself the "Orthopedic Capital of the World."



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Edoardo Cignoli : For First Time, Verizon Loses Cellphone Customers

Verizon lost wireless customers for the first time ever, as its rivals launched a bitter fight for new subscribers. It lost roughly 138,000 net postpaid phone customers in the first quarter.



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Edoardo Cignoli : Demand for Home Loans Plunges

Mortgage lending declined to the lowest level in 14 years in the first quarter as homeowners pulled back sharply from refinancing and house hunters showed little appetite for new loans, the latest sign of how rising interest rates have dented the housing recovery.



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Edoardo Cignoli : FCC Chairman Makes the Call, Takes the Flak

Tom Wheeler has been FCC chairman for less than six months but his mode of operation is already clear: He often unilaterally stakes out positions on issues facing the agency, even when they are sure to be unpopular.



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Edoardo Cignoli : E-Cig Makers Breathe Easier After FDA Proposes Rules

E-cigarette makers breathed a sigh of relief Thursday as the FDA avoided a heavy-handed approach to regulating the fast-growing alternative to traditional smokes, likely paving the way for stepped up investments.



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Edoardo Cignoli : Titan CEO Welcomes Activist Onto Board

Many CEOs are loath to welcome an activist onto their board. Titan International's chief publicly declared he wanted one. As a result, Mark Rachesky of MHR Fund Management will become a Titan director in June.



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Edoardo Cignoli : Alibaba Puts IPO Record in Sight

Alibaba and its bankers are discussing adding new shares to the company's IPO, a move that would allow the e-commerce giant to raise funds for itself and could push the size of the deal to a record.



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Edoardo Cignoli : Wal-Mart Shuffles Asia Leadership

The chief executive of Wal-Mart's Asia division Scott Price is stepping down from his role to take an international strategy position at the company's headquarters while Sean Clarke will head China operations.



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White House Warns Bill Would Crimp Food Aid

A little-noticed provision in a bill passed by the House this month calls for relying more on U.S.-flagged ships to deliver food aid to foreign countries—a change backed by labor groups and criticized by the White House.



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U.S., Japan Miss Trade Deal Deadline

The U.S. and Japan failed to meet a goal of reaching a broad agreement on free trade during President Obama's three-day stay in Tokyo, Japan's economy minister said.



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New Zealand Raises Rates

New Zealand on Thursday raised interest rates for the second consecutive month as the nation's economic expansion gains momentum and inflationary pressures increase.



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Edoardo Cignoli : Dunkin' Brands Profit Hurt by Weather

Dunkin' Brands Group Inc. said first-quarter earnings fell 3.5%, as the restaurant operator warned that bad winter weather cut a hole in its results.



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Edoardo Cignoli : Burberry To Open Online Store on Alibaba's Tmall

U.K. luxury brand Burberry PLC is opening an online store on Alibaba Group Holding Ltd.'s Tmall e-commerce platform, according to people familiar with the plans.



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Pakistan: Police Officer, Three Others Killed By Bomb

A leading Pakistani counter-terrorism police officer and three others were killed by a suicide bomber Thursday, in the latest attack in the volatile southern port city of Karachi, officials said.



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Chinese Boost Bets on Australian Tourism

Chinese investors, done splurging on Australia's once-booming mining industry, are sniffing around the country's tourism market in search of bargains.



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China Discussing Naval Code of Conduct

China won't necessarily observe a new code of conduct for naval encounters when its ships meet foreign ones in disputed areas of the East and South China seas.



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Korean Ferry's Cargo Was Over Limit

Officials expanded a probe into the owner of the sunken South Korean ferry as inspectors confirmed the cargo weight was three times the recommended limit.



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Flight 370 Search Prepares for Reset

International search teams are negotiating how they will manage the next phase of their underwater hunt for Malaysia Airlines Flight 370, amid signs the effort is poised for a reset after nearly seven fruitless weeks.



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Thailand Holds Rate Steady

Thailand's central bank held interest rates steady despite a fast decelerating economy caused by ongoing political tensions.



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Soap Maker Turned Revolutionary Rules Over Separatist Hub

The metamorphosis in Slovyansk captures the speed and the bizarre quality with which the pro-Russian separatist revolt has upended life in parts of eastern Ukraine.



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Ukraine Official: Kiev Took Back Eastern City Council

Ukraine regained control of the city council in the port city of Mariupol, as Kiev restarted a military operation to drive out pro-Russian militants who took over cities in the eastern part of the country, the Interior Minister said Thursday.



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Gazprom Bills Ukraine's Naftogaz $11.4 billion

The move puts further pressure on Ukraine's already battered economy and finances, as a ballooning debt brings Kiev closer to a possible default on a loan provided by Russia.



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ECB Would Consider Asset Purchases, Says Draghi

The European Central Bank would consider broad-based purchases of assets if the outlook for future consumer-price growth weakens too much, ECB President Mario Draghi said Thursday.



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Battles Escalate in South Sudan

As fighting escalates in South Sudan, firsthand accounts of a massacre of more than 200 civilians are drawing renewed international scrutiny of the conflict threatening to tear apart the world's youngest nation.



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Obama: U.S. Ready to Ramp Up Russia Sanctions

Saying Russia hasn't abided by either the spirit or letter of an agreement to de-escalate tensions in Ukraine, President Obama warned that the U.S. is prepared to impose additional costs.



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Three Americans Shot Dead in Kabul Hospital

An Afghan policeman opened fire on doctors at a hospital run by a U.S. charity in Kabul, killing three Americans.



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IMF: South Africa Slows Region's Growth

Tense mining sector relations, tight electricity supply and weak consumer and investor confidence are hobbling what until this month was region's biggest economy, the International Monetary Fund said.



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South Africa Faces Capital Flight Risk

South Africa's central bank warned that yawning deficits and labor turmoil have made the economy vulnerable to capital flight as investors pull back from risky markets.



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Spain's Economy Picks Up Steam

Spain's economy picked up steam during the first quarter, helped by rising consumer spending and corporate investment, the Bank of Spain said.



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Australian Central Banker Warns Against Deep Budget Cuts

Australia's government needs to be careful not to cut spending too deeply in next month's budget, warns Reserve Bank of Australia board member John Edwards.



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Edoardo Cignoli : Light Goes Out on U.K. Coal Industry

The British coal industry is on the point of fizzling out, following the planned closure of two of its three remaining deep mines in northern England. Among the beneficiaries: Russian exporters of the commodity.



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Edoardo Cignoli : Volvo Increases Capacity in Gothenburg

Volvo Car Corp. is increasing the manufacturing capacity at its Swedish production facility in Gothenburg from approximately 200,000 cars a year to around 300,000 a year.



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Edoardo Cignoli : Anglo American Output Rises

Globally diversified miner Anglo American reported higher output in the first quarter, boosted by iron ore and copper production, but warned its platinum unit continues to suffer amid protracted industrial action in South Africa



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Edoardo Cignoli : Pernod Looks to U.S. for Growth

France's Pernod Ricard is looking to bolster its presence in the U.S. with further acquisitions to make up for faltering growth in some emerging markets, Chief Executive Pierre Pringuet said.



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Edoardo Cignoli : Heineken Hit by Currency Losses

Dutch beer maker Heineken reported a 37% drop in first-quarter net profit as revenue fell on divestments and currency losses.



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Edoardo Cignoli : Unilever First-Quarter Sales Fall

Unilever reported a fall in first-quarter sales as currency weakness across emerging markets continued to weigh on its performance.



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Edoardo Cignoli : Generics Dent AstraZeneca Profit

AstraZeneca posted a 67% fall in first-quarter profit, below analysts' expectations, as sales of its best-selling drugs continued to be dented by generic competition.



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Edoardo Cignoli : Alstom Denies GE Takeover Bid

Alstom said it wasn't aware of any potential takeover bid for the company from General Electric.



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Edoardo Cignoli : Swedbank Robur Accepts Volkswagen's Scania Bid

The acceptance by the Scania shareholder makes it likely Volkswagen's bid for total control of the Swedish truck maker will succeed by Friday's deadline



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Edoardo Cignoli : Novartis Profit Rises

Novartis said first-quarter net profit rose about 23% from a year earlier, though it missed analyst expectations.



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Edoardo Cignoli : Strong Won Weighs on Hyundai

Hyundai Motor's first-quarter net profit fell as a stronger South Korean currency hurt its competitiveness in overseas markets.



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Edoardo Cignoli : Fandango Evolves, Buys Movieclips

Fandango plans to announce the acquisition of Movieclips, a Zefr Inc.-owned outfit that produces movie-related video programming and stores movie trailers and indexed movie clips.



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U.S., Japan to Push Ahead With Trade Talks

President Barack Obama and Prime Minister Shinzo Abe have instructed their chief trade negotiators to push forward in efforts to reach a deal seen as crucial to the Trans-Pacific Partnership.



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Ratings Firms Ride Bond Resurgence

The revival is due largely to the absence of any major changes to the industry since the financial crisis, including a business model that is blamed for contributing to the meltdown.



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Investors Embrace 'Catastrophe Bonds'

Insurance companies are taking advantage of the appetite for high-yielding debt by selling bonds that can force investors to help pay for the cost of natural disasters.



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Obama, Abe Deliver Common Message

U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe began their meeting in Tokyo by stressing that their alliance is an asset not only for their two countries, but for the entire Asian-Pacific region.



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Edoardo Cignoli : Amazon to Stream Older HBO Shows

HBO agreed to license older episodes of its programming library to Amazon's Prime Instant Video streaming service, the first time it has struck such a deal.



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Edoardo Cignoli : Two Small Firms Adapt to ACA

Small businesses are finding both benefits and costs as they attempt to navigate the Affordable Care Act.



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Edoardo Cignoli : Delta's Profit Surges Despite Weather

Delta Air Lines continued to cruise along financially, posting record first-quarter earnings and projecting better results ahead.



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Edoardo Cignoli : Dr Pepper Snapple Profit Soars

Dr Pepper Snapple Group Inc. reported first-quarter profit rose 46%, helped by stronger sales and lower commodity costs.



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Edoardo Cignoli : Short-Seller Accuses Chinese Rubber Recycler of Doctoring Financials

Short-seller Glaucus Research Group California LLC on Thursday accused Taipei-listed foam-rubber recycler Asia Plastic Recycling Holding of doctoring its financials.



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Lenovo to Raise $1 Billion With Dollar Bond Issue

Lenovo Group plans to raise $1 billion by issuing U.S. dollar bonds, as it works to complete two deals.



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Short-Seller Accuses Chinese Rubber Recycler of Doctoring Financials

Short-seller Glaucus Research Group California LLC on Thursday accused Taipei-listed foam-rubber recycler Asia Plastic Recycling Holding of doctoring its financials.



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Edoardo Cignoli : Primark to Expand in U.S.

Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.



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Edoardo Cignoli : Adidas Is Diversifying China Suppliers

German sportswear company Adidas is diversifying suppliers in China to decrease the effect of a factory labor dispute on the availability of sneakers it sells.



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U.S. Seeks Stronger Mexico Defense Ties

U.S. Defense Secretary Chuck Hagel said he is exploring ways to strengthen U.S.-Mexican defense ties, including the possibility of training exercises with Mexican forces.



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Edoardo Cignoli : Barrick Gold Sent Revised Terms to Newmont Mining

Barrick Gold has sent an email outlining revised terms to Newmont Mining for a deal between the two gold mining giants, according to people familiar with the matter, but has yet to receive a response.



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Obama-Abe Meeting Could Set Trip's Tone

Obama arrived in Japan for the first state visit by an American leader in nearly two decades, kicking off a weeklong tour that will give the U.S. a chance to reassert itself in Asia.



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China Factory Activity Still Weak

A still-weak but relatively stable outlook for factory activity in China could ease pressure on Beijing to step up targeted stimulus measures.



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Lack of Opportunity Frustrates South African Voters

South Africa's ruling African National Congress is expected to win national elections in May, but public frustration is growing over widening income disparity and the government's perceived inability to address the issue.



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New Zealand Raises Rates

New Zealand on Thursday raised interest rates for the second consecutive month as the nation's economic expansion gains momentum and inflationary pressures increase.



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Edoardo Cignoli : TE Connectivity Profit Rises 31%

TE Connectivity said its fiscal second-quarter earnings rose on sales growth driven by its transportation and industrial segments as well as stronger margins.



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Australia to Take 'Black Boxes,' if Found

Australia has received a draft agreement prepared by Malaysian officials outlining plans to handle wreckage from Malaysia Airlines Flight 370, while authorities examine objects that washed ashore in Australia.



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China Lifts Ban on New Refining Projects

China's environmental watchdog on Wednesday lifted a nearly eight-month ban on new projects at the country's two largest refining companies after it determined they met pollution targets last year.



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Thailand Holds Rate Steady

Thailand's central bank held interest rates steady despite a fast decelerating economy caused by ongoing political tensions.



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South Korea Expands Ferry Probe

Prosecutors expanded their investigation into the owner of the sunken South Korean passenger ferry as they struggle to pinpoint the cause of the tragedy.



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Pirates Rob Singapore Tanker

Pirates stopped a Singapore-owned tanker in the Malacca Strait and stole several million liters of diesel fuel on Tuesday.



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Edoardo Cignoli : Lilly to Pay $5.4 Billion for Novartis Animal-Health Unit

Drug maker Eli Lilly is making a bet on rising global demand for animal drugs and vaccines with a deal to acquire Novartis AG's animal-health business for $5.4 billion.



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