WASHINGTON (REUTERS) - United States (US) inflation showed signs of stabilising in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating bout of deflation.
(REUTERS) - Japan's Toshiba Corp plans to cut about 10 billion yen (S$132.3 million) in costs this fiscal year by reorganising its network of television factories in Indonesia, China and Poland, the Nikkei said, citing company sources.
NEW YORK (REUTERS) - Chinese network equipment and cellphone maker Huawei Technologies Co said it "has no plans to acquire Nokia", responding to a Financial Times report that it would consider buying the Finnish phone maker.
SYDNEY (REUTERS) - Malaysian gambling giant Genting Bhd has increased its stake in Australia's Echo Entertainment Group, just weeks after rival casino company Crown Ltd sold its 10 per cent stake in Echo.
WASHINGTON (REUTERS) - A coalition of US business groups on Tuesday demanded President Barack Obama's administration increase pressure on India to change trade policies that they said threaten US exports, jobs and innovation.