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HuaweiLONDON - European shares fell back on Wednesday, hurt by banking stocks, after weak euro zone data threw the region’s debt problems into focus, offsetting upbeat corporate earnings news ahead of a European Central Bank meeting on Thursday.
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LONDON - Copper slipped on Wednesday after a contraction in the manufacturing sectors in Europe and China raised fresh concerns about economic slowdown and prospects for demand, and as the euro fell.
DUBAI - Egypt needs to do more to secure a $3.2 billion loan from the International Monetary Fund, including gathering broad political support and identifying other sources to finance its funding gap of up to $12 billion, an IMF official said on Wednesday.
NEW DELHI — Factory activity picked up pace in Asia with China showing stronger momentum and India also gathering steam, according to business surveys released on Wednesday, buoying recovery hopes in the region.
NEW YORK - U.S. stocks were set for a lower open on Wednesday as a weaker euro zone report sparked new concerns about the region¡¯s fiscal health and new data on the U.S. labor market missed forecasts.
NEW YORK — MasterCard’s first-quarter profit rose 25 percent on a big spike in card use overseas.
LONDON - Gold prices eased on Wednesday along with the euro after a downbeat survey of euro zone manufacturing activity contrasted with a stronger U.S. reading, though the metal pared losses after soft U.S. jobs report pulled the dollar from highs.
NEW YORK — U.S. stock market futures fell Wednesday after disappointing data on Europe’s economy and a report showing slowing job growth at home.
KUALA LUMPUR, Malaysia — Budget carrier AirAsia and state-owned Malaysia Airlines said Wednesday they have terminated a share swap deal signed last year but will continue plans to collaborate in areas such as procurement, training and aircraft maintenance.
COPENHAGEN - Vestas, the world’s biggest wind turbine maker, plunged to a larger than expected first-quarter loss due to delayed deliveries and rising costs, the latest blow to the renewable energy sector and piling pressure on its embattled boss.