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Business - Asian stocks creep ahead, tech sector a drag

By Wayne Cole SYDNEY (Reuters) - Asian share markets crept higher on Thursday as dovish comments from the head of the U.S. Federal Reserve lifted Wall Street while weighing on the dollar, with trade light heading into the Easter holidays. Disappointing results from Google and IBM had also knocked their shares lower after the bell and put a crimp on technology stocks in the region. The tech and telecoms sectors in Japan`s Nikkei duly lost ground, leaving it to end flat for the session following a 3 percent jump the previous day. Other markets made modest gains with shares in Australia up 0.5 percent and MSCI`s broadest index of Asia-Pacific shares outside Japan adding 0.33 percent.

Thursday, April 17, 2014  07:31


Business - Citi received mixed signals from the Fed on `stress test`: WSJ

(Reuters) - The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain `stress test` planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company. The Fed had agreed to give Citigroup a 2015 deadline to address a series of shortcomings identified by the regulator in the wake of the 2013 test, the report said.

Thursday, April 17, 2014  07:07


Business - Samsung Applies Advanced, Eco-friendly Packaging to the Galaxy Series

Summary: Samsung has developed and expanded applications for eco-friendly package to the Galaxy Series, reducing energy use and supporting the recycling of unused resources. Continuing from Galaxy S4 and Galaxy Note 3, Samsung maintained its …

Thursday, April 17, 2014  06:32


Business - Argentina`s fight with bondholders reaches U.S. top court

By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday wades into Argentina`s multi-billion dollar legal fight with bond investors who turned down two debt restructuring offers after the country`s 2002 default. The relatively narrow case that the nine justices are due to hear concerns whether the investors can force banks in New York with which Argentina does business to disclose information about the country`s non-U.S. assets as the investors seek repayment. A bigger case, in which Argentina is challenging a court judgment ordering it to pay $1.33 billion to the so-called `holdout` bond investors or face a potential default if it refuses to do so, waits in the wings. Argentina has been battling for a decade with the bondholders led by hedge funds NML Capital Ltd, a unit of billionaire Paul Singer`s Elliott Management Corp, and Aurelius Capital Management.

Thursday, April 17, 2014  06:20


Market - Ousted Yahoo exec gets $58 million golden parachute

Former chief operating officer Henrique de Castro left Yahoo with an severance package worth $58 million.

Thursday, April 17, 2014  05:56


World - Japan to face tight power supply in summer; blackouts not expected

Japan`s power supply will be tight this summer if all its nuclear reactors remain shut, although blackouts are not expected as long as there are no problems at the thermal fuel plants now providing the bulk of the country`s electricity. Overall, the nine local power monopolies will have a supply surplus of 4.6 percent in August, barely above the 3 percent minimum required, if their nuclear reactors remain shut due to the prolonged safety checks by the nuclear regulator, the trade ministry panel on power projected on Thursday. Japan`s power companies have been struggling to provide stable supplies despite efforts to maximize output from costly fossil fuel plants and build new coal- and gas-fired units. Utilities in western Japan that relied on nuclear energy for as much as half of their power supply in the past are the worst off.

Thursday, April 17, 2014  05:32


World - Asia stocks fail to match Wall Street gains

HONG KONG (AP) — Asian stock markets were mostly lower Thursday, with Japan`s Nikkei leading the retreat as investors locked in profits after a strong rally.

Thursday, April 17, 2014  04:56


America - World Briefing | The Americas: Haiti: Housing Effort Said to Lag

A post-earthquake housing program in Haiti financed by the United States Agency for International Development has delivered only a quarter of the planned number of houses.

Thursday, April 17, 2014  04:08


Business - Ernesto Zedillo: Director of the Day

Co-authored with Arthur Phillips, research associate at the Center for Economic and Policy Research. Directorships, 2008 - 2012: 5* Total director compensation, 2008 - 2012: $3,626,109** Average annual director compensation, 2008 - 2012: $725,222 Average compensation per full year of service as director: $244,276 *Zedillo was a director of the Electronic Data Systems Corporation from October 2007 to August 2008; however, compensation for his service in 2008 is not available and therefore not included in the above calculations. ...

Thursday, April 17, 2014  02:57


Top Stories - John Edwards returns to courtroom as trial lawyer

John Edwards is back in courtroom for first time since 2012 acquittal on campaign finance charge.

Thursday, April 17, 2014  02:09

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