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CAIRO (AP) — An Egyptian court on Tuesday banned leaders of the country's former ruling party under ousted President Hosni Mubarak from running in any elections, a vague ruling that could bar former officials of that regime from returning to politics for the time being.
Saudi Arabia said on Tuesday it had uncovered an al Qaeda militant group with links to "extremist elements" in Syria and Yemen that had been plotting to assassinate officials and attack government and foreign targets.
Defense attorneys for accused Boston Marathon bomber Dzhokhar Tsarnaev called on a federal judge late Monday to block law enforcement agents from monitoring jailhouse meetings between the suspect, his attorneys and his sisters. "Only real time monitoring of social visitors' conversations with Tsarnaev by someone familiar generally with terrorist tradecraft and specifically with the facts of this case can ensure that those conversations are not being used as a vehicle to convey forbidding messages," they argued in a prior court filing.
NEW YORK (AP) — Stocks are opening lower as corporate earnings wind down and as investors hold back ahead of testimony from Federal Reserve Chair Janet Yellen.
BERLIN (AP) — The European Aviation Safety Agency is proposing to improve aircraft flight recorders and underwater locating devices in response to the disappearance of Malaysia Airlines Flight 370.
(Reuters) - Canadian stocks looked set to open lower on Tuesday after data showed Canada's trade surplus plunged in March. June futures on the S&P TSX index down 0.22 percent at 0850 ET after being down 0.12 percent just before the data was released. Canada's trade surplus fell to just C$79 million in March from C$847 million in February as exports dropped and imports rose, Statistics Canada said. PMI data is due at 1000 ET. The index dropped on Monday as disappointing economic data from China and violence in Ukraine spurred declines in almost every major sector. ...
Canada's trade surplus plummeted to just C$79 million ($72 million) in March from C$847 million in February as exports fell and imports rose, Statistics Canada data said on Tuesday. Although the March figure was lower than expected, Canada has now posted two consecutive surpluses for the first time since November and December 2011. Since the end of the recession, Canada's exporters have struggled with weak markets and a stronger Canadian dollar. Bank of Canada Governor Stephen Poloz - who has long complained that weak exports are holding back the economy - said last month he was more hopeful than before about a recovery.
TEHRAN, Iran (AP) — Iran will target American aircraft carriers in the Persian Gulf should a war between the two countries ever break out, the naval chief of Iran's powerful Revolutionary Guard warned Tuesday as the country completes work on a large-scale mock-up of a U.S. carrier.
There is no quick fix for Europe's energy dependence on Russia, Germany's Economic Affairs and Energy Minister said on Tuesday as G7 energy ministers readied a statement on the need to diversify energy supplies. "Everyone agreed with me that, given the current conflict, there will be no quick solution," Sigmar Gabriel said on the margins of a meeting of Group of Seven energy ministers in Rome. The G7 energy meeting, called to discuss energy security as Europe seeks ways to wean itself off its dependency on Russia, follows a weekend of violence that killed dozens in Ukraine, a major transit route for Russian gas into the European Union.
By Susan Taylor TORONTO (Reuters) - WestJet Airlines Ltd , Canada's second-largest carrier, reported a better-than-expected quarterly profit on Tuesday, as a sizeable tax recovery helped offset the impact of a weaker Canadian dollar. "While it was likely a tough quarter with harsh winter weather an impact, costs do appear to be trending higher as WestJet rolls out new initiatives," RBC Capital Markets analyst Walter Spracklin said in a client note. "However, the demand environment appears to be healthy ... As such, we view the results as largely in line with a negative bias on the cost front." WestJet said that net earnings for the quarter ended March 31 fell to C$89.3 million ($81.5 million), or 69 Canadian cents per share, from C$91.1 million, or 68 Canadian cents per share, a year earlier. WestJet had said in February that it increased ticket prices to compensate for higher expenses caused by a weaker Canadian dollar.
LAGOS, Nigeria (AP) — The girls in the school dorm could hear the sound of gunshots from a nearby town. So when armed men in uniforms burst in and promised to rescue them, at first they were relieved.
Switzerland's largest lender has overhauled its business since the financial crisis, cutting back on risky debt trading made more expensive by tougher regulations and putting it a step ahead of rivals such as Barclays which is still grappling with how to retool its investment bank at the center of a drop in profits in the first quarter. Chief Executive Sergio Ermotti said UBS's success in shrinking its investment bank and focusing on its less-risky private bank would help it to drive returns for shareholders. However, the jump, due to cost cuts and a lower tax rate, masked a drop in earnings from wealth management and investment banking. "The investment bank missed our forecasts.
By Alastair Sharp TORONTO (Reuters) - BCE Inc , Canada's largest telecommunications company, reported a better-than-expected adjusted profit, helped by the inclusion of results from TV and radio content producer Astral Media and strong growth in its wireless business. BCE's net income attributable to shareholders rose to C$615 million ($561 million), or 79 Canadian cents per share, in the first quarter from C$566 million, or 73 Canadian cents per share, a year earlier. Analysts on average had expected earnings of 76 Canadian cents per share on revenue of C$5.12 billion, according to Thomson Reuters I/B/E/S. But analyst Dvai Ghose of Canaccord Genuity said the earnings per share (EPS) included non-operating gains without which the company would have just missed estimates.
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