Asian stocks fell after an unexpected drop in U.S. home sales signaled a housing recover in the world’s largest economy is running out of steam, while investors weighed better-than-estimated earnings from Apple Inc. and Facebook Inc.
LG Household & Health Care Ltd., a South Korean cosmetics and beverages company, is considering a bid for fragrance maker Elizabeth Arden Inc. as it looks to expand locally and overseas by buying rivals.
As spying disclosures lead to questions about U.S. stewardship of the Internet, Brazil is trying to steer a new direction of governance for a technology responsible for one-fifth of the developed world’s economic growth over the past five years.
India’s Congress party is claiming credit for a stock-market rally that sent the S&P BSE Sensex index to record highs. Much of the evidence suggests the real catalyst is Narendra Modi, the leader of the opposition party projected to win the national elections.
President Barack Obama arrived in Japan to start a four-country tour of Asia aimed at advancing a Pacific-nations trade pact and reassuring allies the U.S. will back their security interests, including in territorial disputes with China.