Bernanke offers no hint of pullback in Fed stimulus
US Federal Reserve needs to see further signs of traction before taking its foot off the gas, Fed chairman Ben Bernanke says
Europe
European leaders tackle tax avoidance by large companies
Britain, France, Germany call for stricter rules to stop companies aggressively avoiding taxes in austerity-bitten Europe
Middle East
Hague warns of increased backing for Assad
British Foreign Secretary William Hague says outside forces — pointedly Iran and Hezbollah — are increasingly ‘propping up’ Syrian regime in civil war
Middle East
Ahmadinejad to challenge aide’s ban from election
President Mahmoud Ahmadinejad says he will ask Iran’s supreme leader to reverse a ban preventing his aide from running in next month’s presidential poll
Asia-Pacific
Bank of Japan targets bonds
Japanese central bank vows to take steps to reduce volatility in bond markets that has threatened government efforts to end deflation
Americas
US tax official uses Fifth Amendment
Official at centre of tax scandal tells congressional hearing she asserts her constitutional right not to answer questions
National
Zuma discusses SA investment opportunities with Canada
South Africa offers good opportunities for Canadian investors, says President Jacob Zuma after talks with Canadian Governor-General David Johnston
African News
Obama’s African itinerary questioned in Kenya
US President Barack Obama to visit SA, Senegal and Tanzania next month but will shun Kenya, birthplace of his father
Foreign banks battle to crack tough Russian market
State banks are dominant, though the former communist country remains relatively underbankedEurope
Ireland denies it is to blame for Apple’s low tax rate
US Senate says Apple paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries
Americas
Guatemala court overturns dictator’s genocide conviction
Top court upends genocide case of former dictator Efrain Rios Montt, ordering that trial be taken back to middle of proceedings
Asia-Pacific
China and India promise détente over persistent border dispute
India and China agree to accelerate talks as they seek to draw a line under a military standoff along part of disputed border
Europe
Gay marriage bill intensifies divisions in Britain
Rebels in British Prime Minister David Cameron’s Conservative Party on course to oppose him again over plans to introduce gay marriage
Middle East
Security crisis deepens in Iraq
Two days of bombings, attacks on police and a botched hostage rescue kill 50 people in Iraq
International companies
MTN cracks top 100 in most valuable brands survey
MTN ranked 79th in the annual Millward-Brown BrandZ Top 100 Most Valuable Global Brands surveyEurope
Cost-cutting plan gives Britvic a fillip ahead of AG Barr merger decision
British soft drinks maker Britvic announces plans to cut costs and expand in India
African Business
Nigeria growth ‘fails to curb poverty’
Nigeria’s poverty rate should be falling faster given its economic growth this decade, says IMF official
Americas
School dropout’s $253m Tumblr pay day
Tumblr CEO says company will retain its distinctive and irreverent character under a new owner
Europe
Vodafone to retain Verizon payout as sales slide
Vodafone says it will not distribute £2.1bn dividend from Verizon Wireless to investors
Asia-Pacific
Sprint gets SoftBank waiver for Dish talks
Sprint Nextel says Japanese suitor granted it waiver to consider $25.5bn rival bid by Dish Network
Europe
Burberry profit rises on China, Hong Kong retail growth
UK luxury-goods maker reports full-year profit that beats estimates, boosted by strong demand in China and Hong Kong
Americas
Apple CEO Cook defends tech giant’s tax compliance
Apple CEO Tim Cook defends his company’s use of offshore tax shelters before US senators
Business
German company feels sting of labour unrest in SA
Mercedes-Benz SA nips strike in the bud as Lanxess workers lay down tools over bonus
Americas
Chinese firms look to escape US markets
Blackstone leads bid for Nasdaq-listed Chinese computer company — latest in string of deals to delist mainland groups roundly abandoned by US investors
Europe
Louis Vuitton’s lead over rivals narrows
Louis Vuitton losing ground as most valuable luxury brand as competitors gain, new research report shows
Europe
Marks & Spencer plans to focus on paying shareholders
UK’s largest clothing retailer to spend less on bringing business up to speed with competitors as it moves beyond recovery
NEWS ANALYSIS: Waiting for the bubble to burst
Signs are that cautionary messages European central bankers have been issuing for months are finally starting to get through, writes David MarshAsia-Pacific
Signs of an upturn in Japan’s exports, factory output
Upturn in exports, factory output add to growing evidence that Prime Minister Shinzo Abe’s aggressive polices are beginning to re-ignite growth
Europe
UK fiscal policy debate ‘overblown’
Bank of England governor Mervyn King says debate on fiscal policy has 'really got overblown' and the government’s plan to aid home buyers should not become permanent
Americas
Hi-tech seed planters assist US farmers in a race against time
Farms opt for monster agricultural machines as sowing season is off to a slow start due to weather, write Tom Polansek and Mark Weinraub
Europe
Drug maker Elan looks to deals as defence
Irish drug firm announces second large pharmaceutical deal inside a week
Europe
Aide’s gaffe places Cameron in tight spot
Furore threatens to further alienate British prime minister and his inner circle from the core of his party, with whom ties are already almost at breaking point
Asia-Pacific
Japan warns of shaky future on its public debt
Japanese government panel warns there is 'absolutely no guarantee' that domestic investors will keep financing the country’s large public debt
Americas
Oklahoma lowers tornado death toll amid frantic search
Emergency workers search for survivors in rubble of homes, schools and hospital in Oklahoma town hit by massive tornado
Asia-Pacific
Bank of Japan keeps policy on hold
Board member fails to loosen central bank’s commitment to achieving 2% inflation target within two years
Americas
Goldman ‘selling $1.1bn stake in Chinese bank’
Goldman Sachs seeking to end a seven-year investment in Industrial & Commercial Bank of China, says a person with knowledge of the matter
African Business
China vice-premier set for Harare talks
Chinese Vice-Premier Wang Yang expected in Harare bilateral talks with President Robert Mugabe ahead of AU summit meeting in Addis Ababa
Europe
Greece’s rescue fund to sell two banks
Fund will aim to sell Hellenic Postbank and Proton by mid-July, with big banks continuing to absorb small ones
In depth: Brics
News, views, analysis and multimedia coverage of the Brics
nations and their annual summit in Durban
SA-China partnership
An in-depth look at the history, meaning and development of relations between SA and China
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