- Japanese stocks hit a 15-year high as foreign investors bought into the world's third largest economy on hopes of a recovery and strengthening company earnings. Japan recorded its first trade surplus in almost three years in March, when exports of cars and electronics picked up.
- Eurozone officials have decided not to set any new deadlines for Greece to come up with reforms to get more funding, a senior official said quoted by Reuters. In the past weeks, Greece has not been providing the creditors with the financial data they seek or saying clearly what reforms it plans.
- Tesco (TSCDY), the biggest supermarket in the U.K., reported a record annual loss of nearly 6.4 billion pounds ($9.55 billion), primarily due to charges because of the fall in value of its stores in Britain.
- Teva Pharmaceutical Industries (TEVA) made a $40 billion bid for Mylan (MYL), two weeks after Mylan itself bid to acquire Perrigo (PRGO).
- Yahoo! (YHOO) is looking to sell a stake in its Japanese affiliate, which at current market prices is valued at $9 billion.
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