Germany's DAX Index Declines; Siemens, Allianz Shares Pace the Slide

(Bloomberg) -- Germany's benchmark stock index fell for a second day, paced by Siemens AG after a report that supervisory board members are considering replacing Chief Executive Officer Klaus Kleinfeld. Allianz SE also declined.

The benchmark DAX Index lost 32.60, or 0.4 percent, to 7303.02 as of 10:43 a.m. in Frankfurt. DAX Futures expiring in June dropped or 0.4 percent. The HDAX Index of the country's 110 biggest companies retreated 0.5 percent.


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FACTBOX: Challenges of mining in geologically rich Indonesia

(Reuters) - INVESTMENT:

-- Mining investments in Indonesia, home to some of the world's largest deposits of coal, copper, tin, nickel and gold, averaged some $800 million annually from 2001 to 2005.


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GLOBAL MARKETS-Carry trade in question, oil rises, stocks slip

(Reuters) - Oil prices were above $68 a barrel with traders nervous about possible further disruption to Nigerian output following controversial election results.

The Australian dollar fell around one percent against both the yen and the U.S. dollar and weakened the high-flying New Zealand currency, bringing the carry trade into question.


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AB Foods H1 up, Primark and sugar to drive H2

(Reuters) - LONDON, April 24 - Associated British Foods Plc , owner of Primark discount clothes stores and the Silver Spoon sugar refiner, posted a 5 percent rise in half-year profit on Tuesday and forecast further growth in its second half.

The London-based food and retailing group, 55 percent owned by the family of its Chief Executive George Weston, reported adjusted pretax profit of 268 million pounds


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UPDATE 2-OMX Q1 profit just below forecast, mum on mergers

(Reuters) - STOCKHOLM, April 24 - Stock exchange group OMX reported first-quarter operating earnings just below market expectations on Tuesday, but was tight-lipped on any tie-up talks with other bourses.

OMX said this month it was in cooperation talks with several exchanges, but had not received any bids, after Swedish media reported it was in talks with U.S. exchange Nasdaq .


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Toyota inches past GM in Q1 global vehicle sales

(Reuters) - Toyota, maker of the Camry sedan -- the United States' most popular car -- said on Tuesday its global vehicle sales rose 9 percent in the quarter to 2.35 million units.

That compared with 2.26 million units, up 3 percent, for GM, which sells cars and trucks under a dozen brands including Chevrolet, Buick, GMC, Cadillac, Opel and Saab.


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FTSE edges up in flurry of results; Yell weighs

(Reuters) - The FTSE 100 of Britain's leading shares edged up on Tuesday, as Aviva supported but Yell Group fell sharply on a busy day on the corporate calendar.

At 0731 GMT, the UK's leading share index was 10.9 points, or 0.17 percent, higher at 6,490.6.


Read more at Reuters Africa