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Nikkei leads gains in Asia to touch new 15-year peak

Asian shares advanced early Thursday, with Japan's Nikkei 225 scaling a new 15-year high, on the back of gains offshore and encouraging Greece headlines.
Source: CNBC.com | By: See Kit Tang
Brazil sees expanded private role in nuclear power - minister

SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...
Source: Reuters
Shanghai Comp, Nikkei outperform lackluster Asia

Shanghai and Japan markets eked out marginal gains to touch fresh multi-year highs on Wednesday, while other bourses in the region stumbled following an unimpressive lead from Wall Street.
Source: CNBC.com | By: See Kit Tang
UPDATE 1-Former Petrobras executive sentenced to five years in jail

SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a...
Source: Reuters
Former Petrobras executive sentenced to five years jail

SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former...
Source: Reuters
UPDATE 1-El Nino seen bringing drought to Brazil's north, heavy rains to south

SAO PAULO, May 26- Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. El Nino can lead to scorching weather across Asia and east Africa, but heavy rains and floods in parts of South...
Source: Reuters | By: Caroline Stauffer
SFX CEO Sillerman taking dance music promoter private

NEW YORK- Electronic dance music promoter SFX Entertainment said Tuesday that it plans to go private, as Chairman and CEO Robert Sillerman will buy the company in a deal valuing SFX at around $490 million. Sillerman offered to buy the New York company for $4.75 per share, valuing SFX at about $390 million, in February. Shares of SFX Entertainment Inc. rose 88 cents,...
Source: The Associated Press
World Series of Poker starts this week with new events

The Colossus represents the lowest buy-in in 35 years with players ponying-up $565 each to win their share of a $5 million prize pool, with the winner likely walking away with nearly $600,000. The 45- year-old event now owned by Caesars Interactive Entertainment Inc. is also spreading the wealth for its $10,000 no-limit Texas Hold' em main event and hosting an...
Source: The Associated Press | By: By KIMBERLY PIERCEALL, Associated Press
China's bid to lock in cheap iron ore

With iron ore prices still at multi-year lows, a reported interest by China's biggest steelmaker for indebted Australian iron ore miner Fortescue Metals makes business sense for both parties, depending on how much the deal is worth, analysts say.
Source: CNBC.com | By: Mia Tahara-Stubbs
UPDATE 1-Fortescue says unaware of any approach to Australian regulators

MELBOURNE, May 26- Fortescue Metals Group said on Tuesday it was not aware of any parties seeking permission from Australia's regulators to take a stake in the company, after its shares jumped 15 percent on a media report that Chinese firms had applied to buy a stake. The Australian Financial Review reported that Chinese-linked companies had sought permission...
Source: Reuters | By: Sonali Paul