China is looking beyond its decades- old territorial dispute with Taiwan as it modernizes its military, according to the U.S. Defense Department’s annual report on military developments in the Asian nation.
Ence Energia & Celulosa SA is mulling acquisitions abroad after profit and cash climbed and regulatory changes in Spain deter the paper-pulp producer from investing at home, a person familiar with the matter said.
Telefonica SA, Europe’s most indebted telephone company, is reviving a plan to sell its Madrid headquarters five years after failing to find a buyer for the buildings, according to five people familiar with the matter.
Emerging stocks advanced, sending the benchmark gauge to a seven-week high, as Malaysian equities rallied after the ruling coalition won elections to extend its 55-year rule and higher oil fueled gains in energy shares.
Chinese equities rose to the highest level in almost two months in New York, led by Renren Inc. and Qihoo 360 Technology Co., on speculation the Internet companies’ first-quarter sales will exceed their own estimates.
The Ibovespa fell as homebuilders dropped and planemaker Embraer SA led industrial stocks lower after economists in a central bank survey cut their forecasts for growth in Brazil’s manufacturing output.