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A.P. Moeller-Maersk A/S Chief Executive Officer Nils Smedegaard Andersen said he’ll be forced to prolong cost cuts at the world’s biggest container line as a policy of capacity restraint fails to lift shipping rates.
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Japan’s Topix index tumbled almost 7 percent, the most since the aftermath of the March 2011 tsunami and nuclear disaster, as financial firms slid amid rising bond yields. Nikkei 225 Stock Average futures traded in Osaka and Singapore fell in after-hours trade, signaling further declines.
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European stocks dropped the most in almost seven weeks after the Federal Reserve signaled it will scale back its stimulus if the U.S. economy improves and as data showed Chinese manufacturing shrank. U.S. index futures and Asian shares also fell, with Japan’s Topix plunging the most in two years.
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Asian stocks sank, with the regional benchmark index headed for the biggest drop since September 2011, as Japanese shares plummeted after preliminary China manufacturing data unexpectedly signaled a contraction and the yen strengthened.
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John Constable’s “Salisbury Cathedral From the Meadows” has been bought for the U.K. for the equivalent of 40 million pounds ($60 million) by a new partnership of galleries, backed by the Heritage Lottery Fund.
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China’s manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.
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A Florida man was shot dead in a confrontation with law-enforcement officers who were questioning him about a triple murder two years ago that has been linked to a Boston Marathon bombing suspect, according to two officials familiar with the matter.
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David Cameron met security chiefs this morning following the murder in London of a soldier, which the prime minister called a “sickening” attack that had “strong indications” of being a terrorist incident.
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The restructuring administrator of Suntech Power Holdings Co.’s Wuxi unit, which was forced into bankruptcy in March, has confirmed 3.32 billion yuan ($541 million) of debt claims, the Wuxi city government said.
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Neanderthals breastfed their children in line with modern pediatric recommendations on when to supplement mother’s milk with other food, scientists said.
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Say what you will about Microsoft’s Windows 8, it has certainly inspired personal-computer makers to shake up their offerings.
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The $63,000 2014 Jeep Grand Cherokee SRT is a strange creation. The interior is as nice as you’ll find on many fancy European cars. It can tow up to 7,200 pounds. It has 470 horsepower. It’s capable of speeds up to 160 miles per hour (without towing).
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Bayern Munich versus Borussia Dortmund isn’t the only all-German contest on the hallowed turf of London’s Wembley Stadium this weekend.
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Nomura Holdings Inc., Japan’s largest securities firm, said it plans to increase fixed-income sales staff in Asia, the Americas and Europe even as it continues to cut costs.
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