TOKYO, April 24- For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.
MOSCOW— The founder of Russia's leading social media network— a wunderkind often described as Russia's Mark Zuckerberg— has left his post as CEO and fled the country as cronies of President Vladimir Putin have made steady inroads into the company's ownership.
WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern time. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
LONDON— The rundown, overcrowded Terminal 2 at London's sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year. The new facility was hailed as a cornerstone of Heathrow's revitalization when shown to reporters Wednesday ahead of the June 4 opening.
LONDON, April 23- European shares edged down on Wednesday after three days of gains as signs of a still stuttering Chinese economy and rising worries about Ukraine offset a reassuring set of European economic numbers.
FRANKFURT, Germany— A closely-watched survey has found business activity across the 18- country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum.
Led by good news from Greece, the eurozone on Wednesday notched up several key milestones that together indicate stronger government finances amid a modest but increasingly sustainable recovery.
LONDON, April 23- European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index numbers.
By early afternoon in Europe, U.S. crude for May delivery was down 22 cents to $101.53 a barrel in electronic trading on the New York Mercantile Exchange. The report from the Energy Department's Energy Information Administration— the market benchmark— will be out later Wednesday.
LONDON- Bank of England will release the minutes of April Monetary Policy Committee meeting- 0830 GMT. HELSINKI- Finnish Prime Minister Jyrki Katainen, Finance Minister Jutta Urpilainen and The Finns Party leader Timo Soini participate in a election debate- 1300 GMT.
*Q1 hit by weaker Russia, China, currency effects. FRANKFURT, April 22- Philips warned on Tuesday it would struggle to post a rise in operating profit for 2014 after slowing demand in China and Russia, combined with the impact of a strong euro, wiped out its first-quarter sales growth.
BERLIN— Germany's Finance Ministry says the government's tax income rose sharply in March and saw a healthy overall first-quarter rise as Europe's biggest economy picked up momentum.
Federal Reserve, Ben Bernanke, will give a speech entitled "Eight Years of Crisis Management at the Federal Reserve and the Way Forward"- 1545 GMT. HALIFAX, Canada- Canadian Finance Minister Joe Oliver will speak at a Halifax Chamber of Commerce lunch in Nova Scotia- 1545 GMT.
SANTIAGO, April 21- A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd, allowing the agreed deal to clear a hurdle.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
*Japan logs largest-ever trade deficit, nudges up dollar/yen. TOKYO, April 21- Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent.
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.
It's the story of the documentary "1971," premiering Friday at the Tribeca Film Festival, a film about a little-known but hugely important break-in on March 8, 1971. A group of eight calling themselves the Citizens' Commission to Investigate the FBI broke into a laxly guarded satellite FBI office in Media, Pennsylvania, outside Philadelphia.
WASHINGTON— National Association of Realtors releases existing home sales for March, 10 a.m.. WASHINGTON— Commerce Department releases new home sales for March, 10 a.m..