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ANSAN, South Korea - The altar of the memorial is a wall of white and yellow flowers and greens, surrounding photos of 47 students and teachers whose bodies have been identified after being recovered from the ferry Sewol. A big screen on the left of the altar showed pictures of students, one face after another, all in school uniforms, while another screen on the right showed a stream of text messages from the public expressing condolences.
By Marc Jones LONDON (Reuters) - European shares edged down on Wednesday after three days of gains as signs of a still stuttering Chinese economy and rising worries about Ukraine offset a reassuring set of European economic numbers. U.S. stock futures pointed to a flat start for Wall Street on what will be another heavy day of company earnings as well as U.S. PMI readings.. Data compiler Markit's equivalent readings for Europe, seen as good indicators of future growth, showed that while France's economy was still lagging, Germany continued to power the euro zone's recovery.
By Nishant Kumar HONG KONG (Reuters) - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up. The Goldman unit was biggest firm serving Asia's $159 billion hedge funds industry last year, according to tracker AsiaHedge. The sources said that Jason Berry, who had moved to Goldman in Hong Kong in 2007 and was part of the hedge fund consulting group, is moving to London to join Bank of America Corp .
By Jonathan Cable and Kevin Yao LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, the bloc's second biggest, momentum waned. "Given the problems the euro zone faces, to get even a modest rate of positive growth this year is a good sign. But there is an increasing concern that two of the larger economies - Italy and France - are struggling to gain any traction," said Peter Dixon at Commerzbank.
Municipal councillors in the Cape Breton region are unhappy the Sydney Ports Corporation will hire non-union workers to tie up cruise ships at the marine terminal, work that had been done by unionized stevedores.
We are looking at 0.5 percent quarter-on-quarter GDP growth if we continue to see this level," said Chris Williamson, chief economist at Markit. Inflation fell to just 0.5 percent in March, its sixth straight month in what European Central Bank President Mario Draghi has called a "danger zone" below 1 percent and keeping pressure on the ECB to intervene. However, Markit's flash Composite Purchasing Managers' Index, which is widely regarded as a good gauge of growth, suggested the economic support, at least, may not be necessary.