CHINA

India Bows To US Pressure, Will Cut Iranian Oil Imports

How U.S. trying to wean China off Iranian oil
In a major victory for the US-EU led sanctions on Iran, the Indian government has asked top two importers of Iranian crude to cut their imports by at least 15 percent this year, the Wall Street Journal WSJ reported, quoting industry sources.
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A woman browses job openings at a job fair in Los Angeles

US Unemployment Rate Likely To Hold At 8.2% In April

Hiring in the U.S. probably picked up somewhat in April after a disappointing showing in March renewed fears of another spring slump in the labor market, economists said in anticipation of the April non-farm payroll report due Friday.
Sanduk Ruit and his team of doctors at the center have developed a simple surgical technique to remove cataracts involving little equipment and instruments that can be used manually. No stitches are needed, and the technique can be used on a simple table

Sanduk Ruit: Nepal's Magic Surgeon Brings Light Back To Poor

Sanduk Ruit and his team of doctors at the center have developed a simple surgical technique to remove cataracts involving little equipment and instruments that can be used manually. No stitches are needed, and the technique can be used on a simple table in field camps.
Tourists stand outside the Wynn Casino in Macau

Wynn Resorts Gets Gov't OK For Macau Cotai Casino

Wynn Resorts, Limited (Nasdaq: WYNN) received approval to begin breaking ground at its 51-acre casino sight on Macau's Cotai strip, an approval that has been in limbo since March, the company said Wednesday.
Worker at work during a night shift in Foxconn's new factory in Zhengzhou, Henan province in central China

Chinese Manufacturing Weaker in April: Markit PMI Report

The Chinese manufacturing sector continued to weaken in April, although its rate of deterioration slowed from March, as demand remained low and new business declined, according to HSBC and Martkit's China Manufacturing PMI survey Wednesday.
Nikkei Stock Exchange

Asian Stocks Rise On US, China Data

The Asian stock market advanced on Wednesday as sentiment was buoyed following the release of improved manufacturing data in both the U.S. and China.
ConocoPhillips

ConocoPhillips Fined $257M For Chinese Oil Spill

Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.
An NYSE is seen over the trading floor of the New York Stock Exchange

DJIA Spikes To 4-Year High On Manufacturing Data

The Dow Jones Industrial Average closed at the highest level since December 2007, lifted by a better-than-expected national manufacturing report that provided a welcome relief from a slew of disappointing regional manufacturing measures.
US Stock Exchange

May Day Bull Run: Daily Markets Wrap

The news of the day centered on a better-than-expected U.S. manufacturing report for April, which sent ripples across the markets, boosting stocks as investors moved away from bonds and giving a bump to the dollar and crude oil. Investors are hoping this good news will be matched in Friday?s April U.S. jobs report.

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