U.K. stocks fell for a second day as Associated British Foods Plc headed for its biggest decline since May and investors weighed escalating tension between the U.S. and Russia over the future of Ukraine.
The U.S. government nominated Derek Mitchell, the state department special envoy to Myanmar, as the first U.S. ambassador to the country since 1990, the Financial Times reported, without saying where it got information.
Leaders of the 10-member Association of Southeast Asian Nations agreed that Myanmar will chair the group in 2014, a move they say will provide further momentum for reform in the former military dictatorship.
The Pakistan Air Force today received its first three of 18 Lockheed Martin Corp. F-16s that the U.S. hopes will give the Afghan neighbor nation a crucial edge against Taliban and al-Qaeda fighters in its northwest.
Myanmar’s government granted legal status to Aung Sang Suu Kyi’s political party in a further sign of reforms before planned by-elections in which the democracy advocate will run for parliament for the first time.
The U.S. government loosened a ban on American investments in Myanmar in the strongest acknowledgment yet of the political and economic transformation put in motion by a new government of former army generals.
British Sky Broadcasting Group Plc’s board of directors faces a dilemma over a potential 2.6 billion- pound ($4.2 billion) payout to shareholders that would also go to Rupert Murdoch’s News Corp., the company whose bid for BSkyB collapsed because of a phone-hacking scandal.
Myanmar President Thein Sein is seeking to reconcile with political opponents to expand the economy and prompt Western nations to reconsider sanctions that have hurt the country’s poor, one of his advisers said.