Malaysian Airline System Bhd. said that one of its aircraft with 239 people on board lost contact while flying to Beijing overnight, sparking a regional search to locate the plane as anxious relatives and friends waited for news and Australia’s government said that it feared the worst.
Asian stocks rose this week, with the regional gauge capping its longest streak of weekly gains since September, as U.S. data signaled resilience in the world’s biggest economy and concern about the Ukraine crisis eased.
U.S. efforts to speed natural gas exports as a way to loosen Russia’s grip on European energy supplies may be thwarted by lengthy reviews and developer reluctance to proceed with multibillion-dollar projects.
Asian currencies had the best week since September 2012, led by Indonesia’s rupiah and India’s rupee, as signs the U.S. economic recovery is losing pace fueled speculation the Federal Reserve will slow further stimulus cuts.
DuPont Co.’s secrets for cleanly manufacturing the ubiquitous white pigment found in paper and plastics were stolen and sold to a Chinese company by a California engineer, a jury said, handing a conviction to U.S. prosecutors cracking down on economic espionage.