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International

China employment resilient despite slow pace of growth
The urban unemployment rate was at 4.05 per cent at the end of March, little changed from 4.1 per cent at the end of 2014.
Eropean Union, Greece lock horns
No economic reforms, no more cash, Athens warned
World equities hit all-time high as Nasdaq extends record
US giants Amazon, Microsoft and Google led Wall Street higher, prepping the Nasdaq for a second straight record closing high.
China fines Mercedes $56.5m for price fixing
The regulator said the luxury German carmaker had pressured dealers to set minimum sales prices on some of its cars and spare parts, and given warnings to dealers who did not comply.
Facebook mobile ad revenue surges but stocks decline 2%
Access on mobile devices at least once a month grew 24% .
EBay profit rises as revenue from PayPal business jumps
Increasing competition and slowing customer additions have hurt the company’s marketplace business, which reported a four per cent fall in quarterly revenue.
Obama trade agenda faces House fight after Senate win
Finance committee endorses request for ‘fast track’ legislation.
Greek cash seen lasting into June, no EU deal imminent
Greece has to make two IMF repayments totalling €950m in May
Japan logs first monthly trade surplus in almost three years
Finance ministry data showed exports rose 8.5 per cent while imports fell 14.5 per cent, leaving a surplus of ¥229.3 billion.
Bank capital discretion for supervisors curbed by Basel unit
Regulators have found wide variations in the amount of capital banks hold against a similar set of loans, denting investor confidence in published capital ratios and hit valuations in the sector.
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