• Olivia Wilde, Jason Sudeikis welcome baby boy

    Associated Press - 5 hours ago

    LOS ANGELES (AP) — It's a boy for Olivia Wilde and Jason Sudeikis. More »Olivia Wilde, Jason Sudeikis welcome baby boy

  • LME says up to quarter of its electronic trade comes from Asia

    Reuters - 5 hours ago

    By Melanie Burton HONG KONG (Reuters) - Up to a quarter of electronic trading volume on the London Metal Exchange (LME) comes from Asia-based participants, the bourse's head said on Thursday. That marks the first time the LME, the world's biggest marketplace for industrial metals such as copper and aluminium, has disclosed the size of electronic trade from Asia and comes as it is looking to boost its business in top metals consumer China. "Ten-25 percent of outright trading on the electronic system comes from Asia," LME Chief Executive Garry Jones said at a conference in Hong Kong. Jones also said that the exchange may accept yuan-denominated collateral for its London-listed products after the launch of its new clearing system, LME Clear, in September, although it has no plans to introduce yuan listed products in London. More »LME says up to quarter of its electronic trade comes from Asia

  • Venezuela's Maduro promises importers overdue hard currency

    AFP - 5 hours ago

    Member of the national police clash with demonstrators during a protest against the government of Venezuelan President Nicolas Maduro in Caracas on April 20, 2014 More »Venezuela's Maduro promises importers overdue hard currency

  • Top Asian News at 3:00 a.m. GMT

    Associated Press - 5 hours ago

    TOKYO (AP) — President Barack Obama is seeking to reassure Japanese leaders Thursday that he can deliver on his security and economic pledges to Asia even as the crisis in Ukraine demands U.S. attention and resources elsewhere. The ominous standoff between Ukraine and Russia is threatening to overshadow Obama's four-country Asia swing that began Wednesday. He may decide during the trip whether to levy new economic sanctions on Moscow, a step that would signal the failure of an international agreement aimed at defusing the crisis. More »Top Asian News at 3:00 a.m. GMT

  • Obama in Japan says 'Senkaku' islands covered by security treaty

    AFP - 5 hours ago

    US President Barack Obama Thursday told a press conference in Japan that islands at the centre of a bitter territorial dispute with China are covered by a defence treaty that would oblige Washington to act if they were attacked. More »Obama in Japan says 'Senkaku' islands covered by security treaty

  • Spooked by immigration, disgruntled voters turn to UKIP

    Reuters - 5 hours ago

    By Kylie MacLellan GRIMSBY, England (Reuters) - Like many in the once thriving fishing town of Grimsby, Dave thinks an influx of east European migrants has made it harder to find work and he plans to register his anxiety by voting in an election for the first time in 18 years. But the 36-year-old docker will not be voting for Labour party, traditionally the dominant force in the area's local politics. In the run-up to next month's elections for the European Parliament, Dave says he intends to back the anti-EU UKIP. "They seem like the only ones who want to do something about immigration," said Dave, who declined to give his surname, as he enjoyed a beer in a pub on Freeman Street, formerly a bustling shopping area and popular haunt of fishermen now dotted with boarded-up shops, pawnbrokers and at least two Polish grocers. More »Spooked by immigration, disgruntled voters turn to UKIP

  • Strong 6.7 earthquake strikes off Canada's Vancouver island

    AFP - 5 hours ago

    A strong earthquake measuring 6.7 struck late Wednesday off Canada's Vancouver island in the Pacific, the US Geological Survey said. More »Strong 6.7 earthquake strikes off Canada's Vancouver island

  • UN considering sanctions over South Sudan massacre

    Associated Press - 5 hours ago

    NAIROBI, Kenya (AP) — The U.N. Security Council on Wednesday viewed "horrific pictures of corpses" from the scene of last week's massacre in South Sudan and discussed taking actions that could include sanctions, diplomats said. More »UN considering sanctions over South Sudan massacre

  • US court rejects death row inmates' claims

    Al Jazeera - 5 hours ago

    Oklahoma Supreme Court lifts stay of execution on death row inmates who questioned drug secrecy. More »US court rejects death row inmates' claims

  • Qualcomm's quarterly revenue growth dwindles, shares fall

    Reuters - 5 hours ago

    By Noel Randewich SAN FRANCISCO (Reuters) - Qualcomm Inc on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower. With expansion in the smartphone industry moving away from wealthy markets such as the United States and toward China and other developing countries, where consumers favour less expensive devices, Qualcomm's once-impressive revenue growth is tapering off and it is focusing on costs to preserve its profitability. It was far lower than the quarterly growth rates of over 20 percent that Qualcomm investors until recently have been accustomed to. Less growth than expected in recent months in China, where China Mobile is preparing to launch a new, faster network with 4G, or LTE, technology, hurt Qualcomm's results in the quarter, Chief Executive Steve Mollenkopf told Reuters. More »Qualcomm's quarterly revenue growth dwindles, shares fall

  • Qualcomm faces China bribery allegations from U.S. regulator

    Reuters - 5 hours ago

    By Noel Randewich SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China. With smartphone sales tapering off in the United States, China is a major market for Qualcomm, but doing business there has included disagreements over royalties and an antitrust investigation. In its fiscal second-quarter report, Qualcomm said it has received a notice from the Securities and Exchange Commission's Los Angeles office advising it of a preliminary determination to recommend an enforcement action against the company for violating the Foreign Corrupt Practices Act (FCPA). Qualcomm said the civil action could seek remedies including "disgorgement of profits, the retention of an independent compliance monitor to review the company's FCPA policies and procedures, an injunction, civil monetary penalties and prejudgment interest." Qualcomm said it first learned of and disclosed the SEC investigation in 2012. More »Qualcomm faces China bribery allegations from U.S. regulator

  • Court won't review Michael Jackson doctor's case

    Associated Press - 5 hours ago

    LOS ANGELES (AP) — The California Supreme Court refused Wednesday to review the involuntary manslaughter conviction of Michael Jackson's doctor, rejecting his lawyer's petition without comment. More »Court won't review Michael Jackson doctor's case

  • Mexico's Slim, Telekom Austria reach ownership deal

    Reuters - 5 hours ago

    By Georgina Prodhan and Dave Graham VIENNA/MEXICO CITY (Reuters) - Mexico's Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him effective control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas. Slim's telecoms group, America Movil, agreed to back a 1 billion euro capital increase for Telekom Austria and to pay 7.15 euros a share for the company's outstanding stock, in a co-ownership deal combining its stake with that of Austrian state holding company OIAG. The agreement is a coup for America Movil, which is facing increasing regulation and competition in Latin America, especially in its home market of Mexico. Rudolf Kemler, the head of OIAG, said in a statement the accord guaranteed a blocking minority and key posts at the state holding company and would enable Telekom Austria to embark on "massive growth" in Eastern and Central Europe. More »Mexico's Slim, Telekom Austria reach ownership deal

  • Putin foe faces threat of jail in new trial

    AFP - 5 hours ago

    Prominent Russian opposition leader Alexei Navalny goes on trial Thursday in a major case that his supporters fear will end in a lengthy jail sentence for President Vladimir Putin's top critic. More »Putin foe faces threat of jail in new trial

  • Initiative seeks to legalize pot in Nevada

    Associated Press - 5 hours ago

    A pro-marijuana group hoping to ride a wave of mounting acceptance for cannabis filed an initiative petition Wednesday seeking to legalize recreational pot use in Nevada. The measure backed by a group ... More »Initiative seeks to legalize pot in Nevada

  • UK employers agree average 2.5 percent pay rise in first quarter - survey

    Reuters - 5 hours ago

    Employers from both services and manufacturing agreed a median 2.5 percent pay rise with staff in the first quarter, unchanged from the same period a year ago, according to Incomes Data Services (IDS). They employ staff on salaries benchmarked to the national minimum wage, which increased 1.9 percent in October. Retail price inflation, widely used as a reference for pay deals, fell in March to 2.5 percent, its lowest since the end of 2009. IDS said pay deals could soon run ahead of this measure for the first time in many years. More »UK employers agree average 2.5 percent pay rise in first quarter - survey

  • Facebook first-quarter revenue grows 72 percent on rising mobile ads

    Reuters - 5 hours ago

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 (37.57 pounds) in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period. Facebook's overall revenue grew 72 percent year-on-year to $2.5 billion in the first quarter, above the $2.36 billion expected by analysts polled by Thomson Reuters I/B/E/S. "They've got the right products for what advertisers are looking for and that's manifesting itself in the results you're seeing," said JMP Securities analyst Ronald Josey. More »Facebook first-quarter revenue grows 72 percent on rising mobile ads

  • Moving oil by rail safely major industry concern - Buffett

    Reuters - 5 hours ago

    By Luciana Lopez NEW YORK (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt additional purchases of tank cars at Berkshire railroad unit BNSF. COCA-COLA COMPENSATION PLAN Buffett also said, in an interview with CNBC the same day, that he thinks Coca-Cola's equity compensation plan was excessive, but that Berkshire Hathaway abstained in a shareholders vote. Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan. More »Moving oil by rail safely major industry concern - Buffett

  • Top Asian News at 2:30 a.m. GMT

    Associated Press - 6 hours ago

    TOKYO (AP) — President Barack Obama is seeking to reassure Japanese leaders Thursday that he can deliver on his security and economic pledges to Asia even as the crisis in Ukraine demands U.S. attention and resources elsewhere. The ominous standoff between Ukraine and Russia is threatening to overshadow Obama's four-country Asia swing that began Wednesday. He may decide during the trip whether to levy new economic sanctions on Moscow, a step that would signal the failure of an international agreement aimed at defusing the crisis. More »Top Asian News at 2:30 a.m. GMT

  • Red Sox win 5-1 after Yanks pitcher Pineda ejected

    Associated Press - 6 hours ago

    BOSTON (AP) — Michael Pineda was ejected for using a foreign substance less than two weeks after appearing to get away with it in another game against Boston, and the Red Sox beat the New York Yankees 5-1 on Wednesday night. More »Red Sox win 5-1 after Yanks pitcher Pineda ejected

  • Facebook's next growth engines still warming up

    Reuters - 6 hours ago

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc has a message for Wall Street: Don't expect new revenue streams anytime soon. The world's No. 1 Internet social network delivered its strongest revenue growth in several years during the first quarter, as its mobile ad business gained steam. But even as Facebook gave investors the good news, buoying its stock by roughly 3 percent in after-hours trading, the company made it clear that other money-making efforts such as video ads and ads within its Instagram photo-sharing app would not bear fruit in the near future. "Many folks were anticipating a next leg of growth." Facebook Chief Operating Officer Sheryl Sandberg told analysts on a conference call on Wednesday that Instagram ads, video ads and a nascent mobile ad network were all still in experimental phases and that none of them would make a meaningful contribution to revenue in 2014. More »Facebook's next growth engines still warming up

  • Convicted murderer arraigned in prison escape

    Associated Press - 6 hours ago

    IONIA, Mich. (AP) — A convicted murderer who broke out of a Michigan prison in February was arraigned on escape, carjacking and kidnapping charges Wednesday. More »Convicted murderer arraigned in prison escape

  • Obama offering Japan security, economic assurances

    Associated Press - 6 hours ago

    TOKYO (AP) — President Barack Obama is seeking to reassure Japanese leaders Thursday that he can deliver on his security and economic pledges to Asia even as the crisis in Ukraine demands U.S. attention and resources elsewhere. More »Obama offering Japan security, economic assurances

  • Australia's Beale needs surgery, but will keep playing

    Reuters - 6 hours ago

    Kurtley Beale needs surgery to remove a bone spur from his foot but the Australia utility back plans to delay the operation and keep on playing until he gets some off from rugby or the pain becomes unbearable. The 25-year-old limped off during last week's New South Wales Waratahs' 19-12 victory over South Africa's Bulls with what many suspected was an ankle injury that forced him to miss training on Tuesday. More »Australia's Beale needs surgery, but will keep playing

  • US states of Missouri, Florida execute two couple-killers

    AFP - 6 hours ago

    Two Americans were executed, one in the state of Missouri and the other in Florida, each for the murder of a couple. More »US states of Missouri, Florida execute two couple-killers

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