The onward march of discount U.K. retailer Primark will continue with its first U.S. store, in the Boston building previously occupied by Filene’s.» Read More
NEW YORK, April 23- Texas businessman Sam Wyly told jurors on Wednesday he relied on the advice of his former lawyer in determining whether he needed to disclose stock holdings in offshore trusts at the center of a fraud case brought by the U.S. Securities and Exchange Commission.
Apple increases stock buyback, raises dividend. CUPERTINO, Calif.— Apple Inc. plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth.
*Heavy stop-loss orders possible if $1,275 support breached. NEW YORK/ LONDON, April 23- Gold prices edged up on Wednesday, holding above a technical stronghold at $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said.
*Wall Street edges lower after six-day S&P rally. In Europe, rising worries over Ukraine also weighed, offsetting data that showed Germany continued to power the euro zone's recovery. Strong results from Boeing failed to inspire Wall Street investors to keep pushing equities higher.
*FDI fell to $3 billion in year to June 2013. CAIRO, April 23- A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.
In Europe, rising worries over Ukraine also weighed, offsetting data that showed Germany continued to power the euro zone's recovery. Strong results from Boeing failed to inspire Wall Street investors to keep pushing equities higher.
LONDON, April 23- British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at 3 billion pounds, two sources familiar with the matter said on Wednesday.
The ban on exports of unprocessed minerals by Indonesia, the world's biggest nickel ore supplier, was felt sharply last month when its shipments to top buyer China fell to less than a million tonnes from an average of 3.4 million tonnes a month last year.
NEW YORK/ LONDON, April 23- Gold prices were little changed on Wednesday, holding above a key technical support near $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said.
LONDON— Four centuries after his death, William Shakespeare is probably Britain's best-known export, his words and characters famous around the world. Some suspect it's impossible, and Amnesty International has weighed in to point out the "dark irony" of taking a play about power and regicide and to authoritarian North Korea.
NEW YORK, April 23- The U.S. dollar weakened against the euro and yen on Wednesday, undermined by a decline in U.S. equity prices and Treasury yields and finding little support from a slower-than-expected expansion in the U.S. manufacturing sector.
HARRISBURG, Pa.— U.S. prosecutors have charged a Pennsylvania man and two foreign citizens with conspiring to illegally export chemical warfare detection devices and laboratory equipment to Syria, authorities said in a case that was under seal for 17 months until Wednesday.
*Ukraine says' Easter truce' is over. *Survey shows China manufacturing decline slows. LONDON, April 23- Brent oil fell below $109 on Wednesday after weekly data showed U.S. crude inventories hit a record high, though prices found some support from the unfolding crisis in Ukraine.
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.
LONDON, April 23- ARM Holdings, whose chip technology powers Apple's iPhone, said demand for smartphones would pick up in the second half after a disappointing end to 2013 resulted in first-quarter profit rising less than in previous years.
*But has set up Singapore desk, hopes for more business in SE Asia. HONG KONG, April 23- The harsh climate for metal brokers is getting worse amid rocketing costs for trading which some firms have been passing on to customers, said an executive at a unit of Japan's Mitsubishi Corp..
*Ukraine says' Easter truce' is over. LONDON, April 23- Brent crude oil edged higher above $109 a barrel on Wednesday after stronger-than-expected economic data from China and Europe reinforced the outlook for global demand growth, and as the unfolding crisis in Ukraine deterred sellers.
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.
LONDON— Lackluster economic data out of China and the U.S. offset a string of positive developments in Europe to keep a lid on global stock markets on Wednesday following a strong run, particularly on Wall Street. In Europe, the FTSE 100 index of leading British shares closed down 0.1 percent at 6,674.74 while Germany's DAX fell 0.6 percent to 9,544.19.