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U.S. issues rule requiring banks to identify shell company owners

WASHINGTON/NEW YORK The Obama administration is issuing a long-delayed rule requiring the financial industry to identify the real owners of companies and proposing a bill that would require companies to report the identities of their owners to the federal government, U.S. officials said on Thursday.

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Digging for growth in China? Not quite yet, say excavator makers

BEIJING/HONG KONG The makers of China's excavators and bulldozers should be rejoicing: after two years of consecutive monthly declines, overall sales were up in the first three months of the year, while property sales and construction activity revived.

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Pakistan woos Renault and Nissan in push for auto investment

ISLAMABAD Pakistan is wooing foreign car makers like Renault and Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about the country's long-term political stability and security.

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Stocks steady, U.S. Treasury yields fall ahead of jobs data

NEW YORK U.S. stocks ended steady on Thursday as a mixed quarterly earnings season winds down, but Treasury yields fell to two week lows as investors hedged positions ahead of the monthly U.S. government employment report due on Friday.

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