Iran expects next payment under nuclear deal, confirming compliance


VIENNA - Iran expects to get a fifth instalment this week of previously blocked overseas funds, a senior official was quoted as saying, a payment that would confirm Iranian compliance with a landmark deal with world powers to curb its nuclear programme.


Burberry revenue jumps, sees profits hit by strong pound 10:52am BST

LONDON - British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.


China shadow looms large over bid to scrap Tiananmen crackdown museum in Hong Kong 10:32am BST

HONG KONG - A planned museum dedicated to the brutal crackdown on China's Tiananmen Square pro-democracy protests has run into a legal challenge in Hong Kong that some say is motivated by pro-China interests ahead of the 25th anniversary of the bloodshed.


China denies U.S. warning of undervalued currency 9:21am BST

BEIJING/WASHINGTON - China rejected on Wednesday a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to "perfect and regulate" the exchange rate system.


Global shares up on China relief, Ukraine strains remain 9:09am BST

LONDON - Share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.


Small is beautiful for Coca-Cola as volumes soar in China 8:10am BST

- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.


China economic growth slows to 18-month low in first-quarter 7:28am BST

BEIJING - China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity. | Video

Danone first-quarter baby food sales fall less than expected 7:18am BST

PARIS - Danone , which is aiming to rebuild its position in China after an infant formula product recall in Asia last year, said first-quarter sales fell 7.7 percent at its high-margin baby food division, less than analysts had expected.


China stresses need for stability at first meeting of new security council 4:42am BST

BEIJING - Chinese President Xi Jinping held the first meeting of a new national security commission on Tuesday, saying China needed a coordinated approach to domestic and foreign challenges, including social unrest, in "the most complex time in history".


China blames France's Veolia for supervision flaws in tap water pollution case 4:23am BST

BEIJING - China has blamed French utility Veolia Environnement for "supervision problems" in its water quality standards after authorities said a cancer-inducing chemical had been found in tap water supplied by the firm at 20 times above national safety levels, state media said on Wednesday.

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