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Updated: 7 min 4 sec ago
May 14 - Contemporary art is hot. Barnett Newman's "Black Fire I" pulled off an upset of the night, selling for more than $84 million, in a record auction for Christie's. Fred Katayama reports.
May 14 - 1,000 strikers have gathered outside Lonmin's Marikana platinum mine in South Africa preventing workers from breaking the longest and costliest bout of industrial action in the sector's history. As Hayley Platt reports the strike has halted 40 percent of normal global output.
Maryland biotech firm Novavax reports success in early trials of a vaccine to fight Middle Eastern Respiratory Syndrome, which has killed more than 120 people in Saudi Arabia and continues to spread.
May 14 - The strength of the euro is something we can’t control, says Allianz CFO Dieter Wemmer as the company posted a 28 percent fall in operating profit at its asset management arm due to outflows at Pimco.
May 14 - Japan’s economy takes center stage with Q1 GDP growth figures due, while a prestigious international art fair opens in Hong Kong with dealers keen to cash in on China’s growing cultural appetite.
May 14 - The global rise of China's yuan currency is 'inevitable' but will have to be accompanied by serious reforms, according to ASIFMA CEO Mark Austen's 'road map' for yuan internationalization.
May 14 - Market reaction to a crackdown on card payments in the gambling enclave of Macau has shown casino shares' sky-high valuations leave no room for vulnerability, says Breakingviews' Peter Thal Larsen.
May 14 - Chinese police have charged the British former China head of drugmaker GlaxoSmithKline and other colleagues with corruption. As Hayley Platt reports it follows allegations the drugmaker made billions of yuan from bribing doctors and hospitals.
May 14 - Disoriented airport travellers might soon be able to look to the floor to help them navigate their way to their departure gate. Two Dutch companies have collaborated to produce what they call a 'magic carpet', fitted with LED lights designed to guide pedestrians on their way. Jim Drury reports.
May 13 - Movie studios are moving up the start of the traditional summer blockbuster season, hoping the cash keeps coming in from digital platforms once ticket sales slow, says Rentrak's Paul Dergarabedian. Conway G. Gittens reports.
May 13 - The traditional Hollywood summer blockbuster season is getting a few weeks longer as studios look to extend the most lucrative time of the year in the face of a shorter box office cycle. Conway G. Gittens reports.
Google took reporters on a test drive of their prototype driverless car, this one a Lexus hybrid. The firm would not let journalists film inside the vehicle.
May 13 - PIMCO deputy CIO Scott Mather says the new neutral policy rate for central banks will be close to 0% and expects 3% annual returns on bonds and 5% on stocks.
May 13 - Summary: Another record day for stocks; PIMCO's new neutral note; Retail sales disappoint; AT&T in talks to buy DirecTV-sources. Bobbi Rebell reports.