President Barack Obama is intensifying his campaign for higher taxes on top U.S. earners by casting the issue against Republican opposition as one of fairness and support for the middle class.

Obama enlists millionaires in Buffett rule campaign

Business Standard

Apple Inc and two publishers, Macmillan and Penguin, were accused by the US Justice Department of conspiring to fix prices of digital books to undermine Amazon.com Inc&rsquo;s dominance of the industry.

US files lawsuit against Apple 

Sugar traders are bearish for a seventh consecutive week, the longest stretch since at least 2007, on prospects for the first supply glut in four years.

Sugar surplus prompts traders' bear streak

A tall, muscular figure silhouetted against a palm-studded city block shoulders a rocket-propelled grenade launcher, aims and fires at a Syrian armored vehicle in the distance.

Why YouTube is an intelligence source

The US Federal Communications Commission is seeking a $25,000 fine from Google Inc for not cooperating with an investigation of the company's collection of personal data from wireless networks.

FCC seeks $25,000 fine from Google in wireless data privacy case

A Spanish minister called on the European Central Bank to do more to stem the sovereign debt crisis as the cost of insuring the country's bonds against default surged to a record.

Spanish minister asks ECB to buy bonds

Talks on Iran's nuclear program resumed today after a gap of more than a year, with Israel and the US threatening military strikes to prevent the Islamic Republic from developing atomic weapons.

Iran N-talks 'constructive' after 15-month breakdown

Google Inc&rsquo;s latest move has raised concerns among corporate-governance watchdogs, who say the new stock structure cuts shareholders out of the loop. For investors, the result is a lack of input on decision making, said Charles Elson, director of the University of Delaware&rsquo;s John L Weinberg Centre for Corporate Governance.

Move irks governance watchdogs

European officials travel to Washington this week seeking a bigger global war chest to combat the debt crisis as Spain&rsquo;s government battles to quell renewed market turmoil over its finances.

Euro area seeks bigger IMF war chest on Spanish concerns

As Hong Kong establishes itself as a hub for offshore trade and investment in China's currency, the city's family-owned banks can be acquired at some of the lowest valuations since the global financial crisis.

Hong Kong takeovers loom large with banks lending in yuan

China's decision to widen the yuan's trading band against the dollar for the first time since 2007 signals a drive toward a convertible currency that also saw overseas investors get bigger investment quotas this month.

China doubling yuan band signals drive for convertibility

Facebook Inc is acquiring the team of developers behind customer-loyalty  application Tagtile, adding to its expertise in mobile software.

Facebook acquires team behind Tagtile

India's steel demand is expected to grow 8 per cent this financial year, faster than last year, as demand rises for homes, offices and automobiles amid optimism interest rates will fall, a steel ministry official said. Demand is likely to expand from last year's growth of 5.5 per cent, G K Basak, executive secretary at the steel ministry's joint plant committee, said.

Steel demand to grow 8%

Commodity futures trading in India, the world&rsquo;s biggest gold and sugar user, surged 52 per cent in value to a record last year, driven by bullion and farm goods.

Commodity futures trading rises 52% in FY12

The European Central Bank will restart its controversial government bond purchases rather than offer banks another round of unlimited three-year loans as the sovereign debt crisis worsens, a survey of economists shows.

ECB favours buying bonds over bank loans

Lawmakers in the European Parliament may seek a ban on banker bonuses that exceed fixed pay, as part of a draft law on Basel capital rules.

EU lawmakers may seek ban on bank bonuses 

State Bank of India (SBI), the country's largest lender, plans to buy loans from banks in the US and Europe to boost its credit assets abroad and profitability.

SBI may buy loans from European lenders

Samsung Electronics, the South Korean company may have shipped about 92 million mobile phones, including basic types, in the first quarter, according to the median of five estimates in a Bloomberg News survey.

Samsung probably overtook Nokia in handset sales

Nokia Oyj&rsquo;s loss reporting has prompted analysts&rsquo; suggestions that the Finnish phone maker sell its low-end phone business, whose revenue slumped by a third last quarter.

Analysts say Nokia should sell low-end phone biz

Policy makers in developing Asia can refrain from further monetary and fiscal stimulus because growth will remain robust, while oil-price spikes can revive the threat of inflation, the Asian Development Bank said.

ADB: Asia growth to be robust

Lehman Brothers Holdings Inc, which is preparing its first payment to creditors after more than three years in bankruptcy, said the initial distribution will be $22.5 billion, or 53 per cent more than it previously estimated was possible.

Bloomberg

Bloomberg

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