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TEXAS / Bloomberg President Barack Obama said that smartphones — like the iPhone the FBI is trying to force Apple Inc. to help it hack — can’t be allowed to be “black boxes,” inaccessible to the government. The technology industry, he said, should work with the government instead of leaving the issue to Congress. “You cannot take an absolutist view ...

Bloomberg Peru’s sol surged the most in almost seven years as a rally in emerging-market currencies erased its losses for this year and prompted traders who had wagered on declines to reverse their bets. The sol rose 2.1 percent to 3.354 per dollar at the close of trading in Lima, its biggest one-day advance since May 2009, according to Datatec ...

Ottawa / AFP The Canadian economy lost 2,300 jobs in February, with fresh losses in the oil-producing provinces raising unemployment to 7.3 percent, the highest level seen in three years, official data showed Friday. The results fell short of analysts’ expectations of 10,000 new jobs and unemployment holding steady at 7.2 percent. Although there was a slight increase in the ...

RIO DE JANEIRO / Bloomberg Brazil’s real advanced for the third week, the longest rally since November, amid growing speculation that a change in government would boost local assets. The currency gained 1.1 percent to 3.5856 per dollar, the strongest level on a closing basis since Aug. 28, bringing its weekly advance to 4.7 percent. It’s up 12 percent this ...

BLOOMBERG U.S. gas drillers battered by the lowest prices in 17 years have found another release valve for their output: Canada. Over the past five years, the shale boom that unlocked vast supplies of natural gas across North America has tripled pipeline shipments from the U.S. to Mexico, and spurred the first seaborne exports from the lower 48 states. Now, ...

BEIJING/ Bloomberg China’s industrial production and retail sales both slowed in the first two months of the year, highlighting the pressure leaders will face to meet this year’s annual growth target even as the central bank governor said major stimulus wasn’t needed. Industrial output rose 5.4 percent from a year earlier in January and February, the National Bureau of Statistics ...

Bloomberg Nestle SA recalled 12 types of products under the DiGiorno, Lean Cuisine and Stouffer’s brands in the US because they may contain small pieces of glass, a setback for brands that the Swiss food company has been trying to revitalise. No injuries have been reported, according to the Vevey, Switzerland-based company, which announced the recall of a “limited” number ...

Bloomberg Ulta Salon, Cosmetics & Fragrance Inc. rallied the most since 2014 after its first-quarter forecast topped analysts’ estimates, helped by growing demand for beauty products. Earnings will be $1.25 to $1.30 a share in the period, the Bolingbrook, Illinois-based company said in a statement. Analysts’ had estimated $1.22 on average, according to data compiled by Bloomberg. The company, which ...

Bloomberg South Korea’s Lotte Group is among suitors that submitted bids for French retailer Casino Guichard-Perrachon SA’s Vietnam grocery business, which could fetch as much as $800 million, people with knowledge of the matter said. Billionaire Charoen Sirivadhanabhakdi’s TCC Holding Co. and Central Group, controlled by Thailand’s Chirathivat family, also submitted first-round offers by the March 10 deadline, the people ...

Bloomberg A leak discovered on a Buckeye Pipe Line Company LP pipe that is the primary source of jet fuel for John F. Kennedy (JFK) International Airport hasn’t affected operations at the hub, according to the Port Authority of New York and New Jersey. “JFK has enough jet fuel for three days, so the airport is equipped to respond to ...