BEIJING (Reuters) – Yum Brands Inc will tighten its monitoring of suppliers and improve testing of poultry as it aims to reverse a steep drop in business at its KFC restaurants in China after a chicken safet y scare. In a statement ahead of a media briefing in Beijing on Monday, the company also said it would look to improve its communications with the Chinese government and people in the wake of the scare. … Japan likely to nominate ADB's Kuroda as Bank of Japan head: sources
TOKYO (Reuters) – Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of ag gressive monetary easing, as its next central bank governor, sources told Reuters on Monday. Prime Minister Shinzo Abe is also seen filling one of two deputy governor posts with Kikuo Iwata, an academic critical of Bank of Japan policy and an advocate of unorthodox monetary easing steps, the Nikkei newspaper reported. … White House warns states of looming pain from March 1 budget cuts
WASHINGTON (Reuters) – With five days left before $85 billion is slashed from government budgets, the White Hou se issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states. The estimates show how many teachers could lose their jobs in each state, how many toddlers could be kicked out of subsidized preschool programs, and how many children could lose funding for vaccines for measles and mumps. … Downgrade pressures reluctant Osborne to change course
LONDON (Reut ers) – Chancellor George Osborne said he would not flinch from his austerity drive, despite increasing pressure to change course after the loss of the country's 'AAA' credit rating and with elections approaching in two years. Moody's dealt Britain its first sovereign rating downgrade on Friday, saying the $2.5 trillion economy faced years more sluggish growth and debt would continue to rise until 2016. … First female SKorean president faces NKorea crisis
SEOUL, South Korea (AP) -- Park Geun-hye became South Korea's first female president Monday, returning to the presidential mansion where she grew up with her dictator father. Egypt's Morsi calls for dialogue on elections
CAIRO (AP) -- Egypt's Islamist president has invited political forces to join him in a dialogue to find ways to ensure the "integrity and transparency" of upcoming parliamentary elections. First female South Korean president takes office
SEOUL, South Korea (AP) -- Park Geun-hye has become South Korea's first female president and returned to the presidential mansion where she grew up with her dictator father. Cuban leader Raul Castro says he will retire in 2018
HAVANA (Reuters) – Cuban President Raul Castro announced on Sunday he will step down from power after his second term ends in 2018, and the new parliament named a 52-year-old rising star to become his first vice president and most visible successor. "This will be my last term," Castro, 81, said shortly after the National Assembly elected him to a second five-year term. In a surprise move, the new parliament also named Miguel Diaz-Canel as first vice president, meaning he would take over if Castro cannot serve his full term. … Grounding, budget woes cloud F-35 warplane sales push in Australia
CANBERRA/WASHINGTON (Reuters) – This year's second grounding of Lockheed Martin Corp's va unted F-35 warplane, plus looming U.S. defense cuts, are likely to complicate a push this week by Lockheed and U.S. officials to convince wary Australian lawmakers and generals to stick to a plan to buy 100 of the jets. Australia, a close American ally, is considering doubling its fleet of 24 Boeing Co F/A-18 Super Hornets amid delays and setbacks in Lockheed's $396 billion F-35 project. … 
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