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Asian stocks end up on Wall Street lead
HONG KONG – Asian markets rose on Monday, following a positive lead from Wall Street as dealers look ahead to the release of key economic data and European elections over the next week.
Spain falls back into recession
MADRID: Spain has tipped back into recession, an official estimate confirmed Monday, even as the government pressed ahead with unpopular spending cuts to rein in burgeoning debt.
Adidas warns of irregularities in Indian business
FRANKFURT: German sportswear maker Adidas reported Monday a strong rise in first-quarter profits but warned full-year earnings would be hit by the discovery of irregularities in its Indian business.
Standard & Poor's downgrades top Spanish banks
MADRID: Standard & Poor's on Monday downgraded the ratings of the top Spanish banks, including Santander and BBVA, after slashing the country's credit standing because of worsening deficit and growth problems.
China shuts Coke plant over chlorine
SHANGHAI: Coca-Cola has been ordered to temporarily halt production at a bottling plant in northern China, after media reports of chlorine in its products, according to a government statement.
Asian markets edge higher on Wall St lead
HONG KONG: Asian markets rose on Monday, following a positive lead from Wall Street as dealers look ahead to the release of key economic data and European elections over the next week.
National Australia Bank to slash 1,400 jobs in Britain
SYDNEY: National Australia Bank on Monday said it plans to restructure its struggling British business, slashing more than 1,400 jobs at the loss-making arm by 2015.
ILO warns of 202m unemployed in 2012 as austerity bites
GENEVA: The International Labour Organisation warned Monday that austerity measures are hurting job markets worldwide and predicted global unemployment of 202 million people in 2012, up six million from last year.