Emerging-market stocks recovered from their steepest drop in 10 months, led by utilities and consumer- discretionary companies. Hungary’s benchmark index headed for a three-month high on a report the nation is poised to exit the European Commission’s excessive-deficit procedure.
Treasuries headed for a fourth weekly decline as a government report showed durable goods orders rose more than forecast in April, backing the case for the Federal Reserve to slow the pace of bond buying.
Wolfson Microelectronics Plc survived three “innovate or die moments” four years ago, said Chief Executive Officer Mike Hickey. Now, the semiconductor developer has a vision of its future in voice-activated consumer products including smartphones, fridges and washing machines.
Asian stocks declined, extending losses from the biggest decline in a year and a half, as Australian banks fell. Japan shares rose on a volatile day of trading after the biggest rout since the March 2011 earthquake.
A North Korean envoy told a top Chinese official his country is willing to return to dialogue, as the U.S. and China press the totalitarian state to come back to the negotiating table over its nuclear weapons program.
Google Inc. is facing a new antitrust probe by the U.S. Federal Trade Commission into whether the company is using its leadership in the online display- advertising market to illegally curb competition, people familiar with the matter said.