Asian stocks advanced, led by the first gain in eight days by Japan’s Topix index, after the Standard & Poor’s 500 Index rebounded on better-than-estimated retail sales and earnings from Citigroup Inc. The South Korean won weakened while oil fell from a six-week high.
A submarine scouring the floor of the Indian Ocean for the missing Malaysian passenger jet had to abort its mission after descending too deep, providing investigators with just six hours of data to study.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, bought the Clos des Lambrays vineyard to expand into Burgundy, adding to its holdings in Bordeaux, Champagne and the New World.
The parent company of Yorkshire Water Services Ltd., which supplies 1.9 million households in northern England, has sold a 10 percent stake in the utility to Australia pension fund State Infrastructure Holdings 1 Pty Ltd.