Asian stocks fell after an unexpected drop in U.S. home sales signaled a housing recovery in the world’s largest economy is running out of steam, while investors weighed better-than-estimated earnings from Apple Inc. and Facebook Inc.
South Asia, home to a quarter of the world’s population, will probably get less monsoon rainfall than normal this year as odds increase for the emergence of the El Nino weather phenomenon that has previously caused droughts.
Google Inc.’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. against some of Apple Inc.’s patent claims.
The submarine scouring the Indian Ocean for a missing Malaysian Air plane has completed more than 90 percent of its search area without success while a study of debris that washed ashore turned out to be a false lead.
U.S. index futures rose after Apple Inc. reported higher-than-estimated earnings and boosted its investor payout program. New Zealand’s dollar climbed to a one- week high after the central bank raised interest rates.