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Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
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KHARTOUM, April 5- Egypt and Sudan want to launch joint farming, livestock and biofuel projects to help double bilateral trade, Egypt's President Mohamed Mursi said on Friday during his first visit to Khartoum.
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LONDON/ SEOUL- North Korea has asked embassies to consider moving staff out and warned it cannot guarantee the safety of diplomats after April 10, Britain said, amid high tension and a war of words on the Korean peninsula.
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NEW YORK-- Israeli technology company Radware is lowering its first-quarter earnings and revenue forecasts due to weaker-than-expected sales in China and Europe, the Middle East and Africa. Radware Ltd. said that it now expects adjusted earnings of 30 cents per share, down from its prior guidance of 40 cents to 43 cents per share.
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MILWAUKEE-- The parents of an American journalist kidnapped in Syria more than four months ago said Thursday that his latest disappearance is more upsetting than an earlier one in Libya because they don't know who is holding him.
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NEW YORK-- Shares of a variety of networking equipment and other information technology companies took a hit Friday after F5 Networks Inc. cut its outlook for the January-March quarter, citing disappointing results from its North American business.
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TOKYO, April 5- Japan's Nikkei share average is expected to scale new heights on Friday, possibly head above 13,000 for the first time in nearly 5 years, after the Bank Of Japan announced a bold plan the previous day to pump well over $1 trillion dollars into the economy to reignite growth.
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NEW YORK-- F5 Networks Inc. said Thursday that its second-quarter net income and revenue will fall short of its expectations, primarily because of disappointing results from its North American business. The Seattle company's stock tumbled $13.77, or 15.2 percent, to $76.65 in after-hours trading.
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*Tele2 says deal is closed, eight days after unveiled. *Vimpelcom, a Fridman investment, has bid for Tele2 unit, alongside MTS. Fridman is linked with two bids for the Russian unit of Nordic operator Tele2- one from his A1 vehicle and the other, at a higher price, from MTS and Vimpelcom, in which he is a leading investor.
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LONDON, April 4- The International Energy Agency will invite China and other emerging economies to take part in key strategic talks, sources in the IEA said, in a bid to strengthen ties with non-members whose share in global oil demand has rapidly grown.
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NEW YORK, April 4- If you read just one book this spring to understand how the world is changing, it should be Mohsin Hamid's new novel, "How to Get Filthy Rich in Rising Asia." Asia's rise is a story of the eastward tilt of global gross domestic product, but behind those numbers are billions of individual lives that are being radically transformed.
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*Sugar aided by potential for rising inflation in Far East. Cocoa prices were lower, weakened partly by origin selling while arabica coffee futures also fell. May raw sugar futures rose 0.13 cent or 0.7 percent to 17.63 cents a lb by 1403 GMT.
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Cocoa prices were lower, weakened partly by origin selling while arabica coffee was little changed. May raw sugar futures rose 0.15 cent or 0.9 percent to 17.65 cents a lb by 1232 GMT. We have the potential to come down to 17 cents on May, "said VTB Capital analyst Andrey Kryuchenkov.
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A judge has formally named the King of Spain's youngest daughter as a suspect in a high-profile fraud investigation, dealing a fresh blow to the royal family at a time of growing popular discontent with the ageing monarch, the Financial Times reports.
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*Sugar aided by potential for rising inflation in Far East. NEW YORK/ LONDON, April 4- Raw sugar futures on ICE turned higher on Thursday as hopes that monetary stimulus in Japan will spur more buying lifted prices that had dropped to nearly three-year lows on the expectation that more Indian supplies will reach the global market.
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April 4- China's influence in Africa goes so deep that African leaders are starting to shape their own agendas after China's. In welcoming Xi Jinping, China's new president, to South Africa last month for a BRICS conference, Zuma gushed, "We view China's success as a source of hope and inspiration."
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BANGKOK, April 4- The annual maintenance shutdown of gas fields in Myanmar doesn't normally make headlines in Thailand, but this year shows the failure of Thai electricity generation to keep up with economic growth.
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DUBAI, April 3- Sudan hopes to collect up to $1.2 billion in transit fees in 2013 after oil starts to flow from South Sudan, and is considering a new tax on gold trade, Finance Minister Ali Mahmoud said on Wednesday.
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MADRID, April 3- Spain's Princess Cristina, daughter of King Juan Carlos, was charged on Wednesday in a corruption inquiry against her husband, the latest in a spate of high-level graft cases that have angered Spaniards suffering in a severe recession.
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CAIRO, April 3- After buying gold plates for 100,000 Egyptian pounds, Naer Wahid is considering whether to use the rest of his savings to acquire, with his sisters, an apartment or plot of land outside Cairo.
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*Medical tourism on the rise in Turkey. ISTANBUL, April 3- Sitting in a private clinic in an upscale neighbourhood of Istanbul, Saleh, a human resources executive from Qatar, is preparing to leave Turkey with a smile on his face and more hair on his head.