Embattled Rupert Murdoch on Wednesday vowed News Corp. would bounce back from the phone-hacking scandal, saying he would never tolerate such behaviour at his global empire. “I want all of you to know that I have the utmost confidence that we will emerge a stronger company,” he said in a message to staff, seen by AFP. “It will take time for us to rebuild trust and confidence, but... 

Asian stocks were mixed Monday as news that fewer than expected European banks failed stress tests was tempered by fears US lawmakers will not agree a budget that will help avoid a catastrophic default. Hong Kong gained 0.66 per cent and Seoul fell 0.56 per cent while Sydney, Shanghai and Taipei were all flat. Tokyo was closed for a public holiday. The European Banking Authority said on Friday that...