Japan's Skymark submits bankruptcy plan despite creditor opposition

Japan's failed budget carrier Skymark Airlines Inc (SKALF.PK) submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion yen ($2.4 billion) debt.

Strong sales could shift Ford, GM to higher gear

Shares of U.S. automakers may finally be able to accelerate. Investors are closely awaiting next week's May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector - among the cheapest in the market - putting the sting of product recalls and tepid recent growth in the rear view mirror.

Modi speeds up capital spending in April to push growth

Prime Minister Modi ramped up spending on roads, railways and rural infrastructure in April to boost economic growth, after $19 billion in cuts brought public investment shuddering to a halt at the end of the last fiscal year.

China's slowing economy may steady later this year: state think tank

Short term policies could stabilize China's slowing economy in the second half of this year, but for growth to make a lasting recovery Beijing should foster new sectors and innovation, a government think tank's chief economist was reported as saying on Saturday.

Wall St. ends down after weak economic data but gains in May

U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.

Fingerprint Cards shares at record after Google tie-up

Swedish fingerprint sensor firm Fingerprint Cards said it had cooperated with Google on fingerprint recognition in the new Android software platform, as the U.S. software group looks to boost the use of fingerprint sensors on mobile phones.

India Inc seeks better pricing, FX relief to sell rupee bonds offshore

India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules.

Dollar, Chinese shares steady as Europe wobbles

The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world's second largest economy.

U.S. economy likely shrank in first quarter, but fundamentals strong

The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.

Greek drama weighs on sentiment; yen off, euro up

The euro rose on Thursday as Greece fought to reach an agreement with its lenders to avoid an imminent default, but mixed signals on the state of the negotiations kept other markets little changed.

U.S. housing data, sturdy jobs market buoy growth outlook

Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy.

Avago to buy Broadcom for $37 billion in biggest-ever chip deal

Avago Technologies Ltd (AVGO.O) agreed on Thursday to buy Broadcom Corp (BRCM.O) for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players.

Wall St. inches down on Greece, China worries

U.S. stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.

Bayer CEO says cannot comment on Monsanto-Syngenta

The chief executive of German drugs and chemicals group Bayer (BAYGn.DE), Marijn Dekkers, said on Wednesday he could not comment on the possible takeover of Syngenta (SYNN.VX) by Monsanto (MON.N).

China markets plunge in record turnover as margin traders take fright

China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.

Oil rises as dollar dips, eyes on U.S. stocks data

Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies.

China May official factory PMI seen lackluster despite stimulus moves

China's factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.

Dollar momentum wanes, China stocks take heavy tumble

The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, and stocks stuttered as high-flying Chinese shares tumbled and European officials downplayed talk of an imminent deal to keep Greece afloat.

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