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Asian companies and sovereigns sold no dollar-denominated bonds last week for the first time since January after yields surged on the deepening debt crisis in Europe and slowing industrial output in China.
China Petrochemical Corp., the refiner known as Sinopec Group, sold the last securities in the U.S. currency on May 10, before the slowest […]

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Financial markets are becoming unhooked from economic fundamentals, officials warned in Japan and South Korea, as policy makers monitor the dangers posed by any Greek exit from the euro region.

Coty Inc. says it is withdrawing its $10.7 billion offer to buy Avon.
Coty announced its decision in a letter to Avon’s board a day after Avon said it would consider the offer. The letter was made public late Monday.
Avon’s response Sunday came two months after Coty made its original offer and Avon executives asked for […]

A bad European week for Chancellor Angela Merkel looks likely to end with more electoral woes _ this time, the likely re-election of a center-left government in Germany’s most populous state, which Merkel has sought to portray as irresponsibly addicted to debt.
But despite the prospect of an embarrassing loss for her conservatives, Merkel still looks […]

Partial results and polling agency projections suggest Socialist Francois Hollande has won France’s presidential election against conservative incumbent Nicolas Sarkozy.
A Hollande victory could change how Europe tackles its debt crisis _ with more stimulus and less austerity.
With about half of the nationwide votes counted in Sunday’s race, official results showed Hollande with 50.8 percent to […]

French President Nicolas Sarkozy, speaking to the biggest rally of his re-election bid, said the European Central Bank should do more to promote economic growth, reviving an issue he raised in his 2007 campaign.

The U.S. Department of Justice has filed suit against technology giant Apple and several publishing firms, claiming they colluded to fix the price of e-books.
The suit, filed in federal court in New York, says Apple colluded with publishers including HarperCollins, Simon & Schuster and MacMillan to fix the price of e-books. The government said it […]

After a stellar first-quarter performance, investors are hoping the stock market can maintain its momentum into the holiday-shortened week ahead.
The major indexes all posted gains last week, closing out a blockbuster quarter.

In the first three months of 2012, the Dow Jones industrial average gained 8.1%, the S&P rose 12% and the Nasdaq advanced 19%.
It […]

Pinnacle Airlines Corp., a regional carrier that flies under contract for Delta, United, Continental and US Airways, has filed for bankruptcy protection to deal with its mounting debt.
The Memphis, Tenn.-based airline said late Sunday its current business model isn’t sustainable. In its filing Sunday, it lists $1.42 billion in debt and $1.54 billion in assets. […]