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By Alexandria Sage CANNES (Reuters) - A film about baby-switching by Japan's Kore-eda Hirokazu that ponders nature versus nurture premiered at the Cannes film festival on Saturday, joining an Iranian challenger as contenders for the top prize. "Soshite Chichi Ni Naru" ("Like Father, Like Son") is one of two Japanese films out of the international roster of 20 vying to take home the Palme d'Or prize on May 26 from the world's largest film festival being held on the French Riviera. Japan has won four times before, most recently in 1997 with Shohei Imamura's "Unagi" ("The Eel"). ...

By Sujata Rao LONDON (Reuters) - A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust. What is evolving is in effect, a two-speed asset class. Profits in emerging markets have been sharply squeezed in recent years, leading stocks to underperform their developed world peers and slashing return on equity, a measure of how well firms use shareholders' equity to make profits. Emerging markets ROE is a fifth below pre-2008 levels. ...

By Iain Rogers MADRID (Reuters) - Atletico Madrid coach Diego Simeone invited fans to gather in the centre of the Spanish capital later on Saturday after he engineered one of the greatest nights in the club's history in Friday's stunning King's Cup final win against Real Madrid. The combative Argentine has transformed Atletico since taking over midway through last season and the 2-1 comeback triumph, made all the sweeter as it was at Real's Bernabeu arena, was their first success against their vastly wealthier and more prestigious neighbours in 14 years. ...

By Gennady Fyodorov MOSCOW (Reuters) - CSKA Moscow sealed the Russian title with a game to spare following a scrappy 0-0 home draw with Kuban Krasnodar on Saturday. The lone point was enough to give the army side their first league crown since 2006 and 11th in the club's history as they now lead last season's champions Zenit St Petersburg by six points. Zenit, who have two games left and face Volga Nizhny Novgorod on Sunday, could not overtake CSKA because they have a fewer number of total victories. CSKA coach Leonid Slutsky paid tribute to his team's fans. ...

By Ed Osmond LONDON (Reuters) - England's pace attack sliced through the New Zealand tail to dismiss the touring side for 207 on the third morning of the first test at Lord's on Saturday. James Anderson, fresh from taking his 300th test wicket on Friday, completed figures of five for 47 and Steven Finn took four for 63 as England secured a first-innings lead of 25 runs. Alastair Cook survived a huge appeal for caught behind off the second ball of England's second innings bowled by Trent Boult and he and Nick Compton took the hosts to lunch at 12 for no wicket. ...

RAMADI, Iraq (Reuters) - Suspected Sunni Muslim militants killed four state-backed Sunni fighters in Iraq on Saturday, security sources said, apparently viewing them as collaborators with the Shi'ite-led government of a nation plagued by sectarian hatred. Sunni-Shi'ite tensions in Iraq have been amplified by the conflict between mostly Sunni rebels and President Bashar al-Assad's Alawite-dominated forces in neighbouring Syria. ...

CAIRO (Reuters) - Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again on Saturday, stranding hundreds of Palestinian travellers, witnesses said. The protest began on Friday when police strung barbed wire across the Rafah border post and chained up the gates, local residents said, a day after the abductions. Gunmen demanding the release of jailed Islamist militants had seized seven policemen and soldiers on a road between the Sinai towns of el-Arish and Rafah. ...

By Miriam Arghandiwal and Ibrahimi Aziz KABUL (Reuters) - Afghanistan's parliament failed to pass a law on Saturday banning violence against women, a severe blow to progress made in women's rights in the conservative Muslim country since the Islamist Taliban was toppled over a decade ago. President Hamid Karzai approved the law by decree in 2009 and parliament's endorsement was required. But a rift between conservative and more secular members of the assembly resulted in debate being deferred to a later date. ...

Reuters Market Eye - The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday. Earnings will be key, with Coal India Ltd , State Bank of India Ltd and Jet Airways Ltd set to report next week. Investors will also be eyeing whether strong foreign buying continues. Overseas investors were net buyers for 21 consecutive sessions as of Thursday, bringing their net purchases for the year to about $13 billion, according to regulatory data. ...

By Swati Pandey and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Global banks that ship work to be processed in India, either in-house or to big IT services vendors, were already under pressure to step up oversight of back-office functions after a series of scandals last year. Last week, U.S. ...

By Iain Rogers MADRID (Reuters) - Real Madrid and Jose Mourinho were sifting through the debris of what the Portuguese coach termed a "disastrous" 2012-13 campaign after Friday's King's Cup final defeat left the world's richest club without a major trophy for the season. The 2-1 reverse to Atletico Madrid at their own Bernabeu stadium meant Mourinho, widely expected to move on at the end of this term, finished a season without significant silverware for the first time in his otherwise glittering career. ...

MUMBAI (Reuters) - Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018. The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday. Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said. ...

By Angie Teo KUALA LUMPUR (Reuters) - Badminton's world governing body (BWF) will create a separate commission to deal with match-fixing problems, Poul-Erik Hoyer Larsen said after being elected president on Saturday. Denmark's 1996 Olympic men's singles gold medallist Hoyer Larsen beat Indonesian Justian Suhandinata to claim the role after an election at the BWF headquarters in Kuala Lumpur. The 47-year-old, the only European to win a badminton gold at the Olympics, will replace South Korea's Kang Young-joong who vacated the post after eight years at the helm. ...

Mumbai, May 18 (IANS) Actress Nimrat Kaur, who features in Ritesh Batra's "The Lunchbox", says she is not surprised to see that the film has been selected for the ongoing 66th Cannes International Film Festival.

Kolkata, May 18 (IANS) Days after submitting an affidavit in the court opposing a Central Bureau of Investigation probe, Saradha chit fund scam's suspected kingpin Sudipta Sen Saturday said he was happy with the course of the investigation being carried out by the West Bengal Police.

Thiruvananthapuram, May 18 (IANS) Congress vice president Rahul Gandhi Saturday praised Kerala Chief Minister Oommen Chandy and asked the CPI-M to introspect and rethink its ideology.

New Delhi, May 18 (IANS) The government is earmarking 15 percent of the total outlay of all projects in any district for proper sanitation and clean drinking water, officials said Saturday.

Kolkata, May 18 (IANS) The country's largest lender, State Bank of India (SBI), Saturday the Reserve Bank of India (RBI) should become the sole regulator for all home loan institutions - banks as well as housing finance companies.

Mumbai, May 18 (IANS) While shooting a TV commercial in Kuala Lumpur, actor-filmmaker Farhan Akhtar constantly feared 'Don' might emerge out of somewhere. He reminisced the days when he shot his 2006 film "Don" in the city.

Ghaziabad, May 18 (IANS) The Ghaziabad Development Authority (GDA) has liberalised its policies to benefit small land holders, farmers and economically deprived section of the society, an official said Thursday.

Melbourne, May 18 (IANS) Cricket Australia (CA) is investigating a Twitter rant by cricketer David Warner, who launched a scathing attack on reputed Australian cricket writers Robert Craddock and Malcolm Conn.

New Delhi, May 18 (IANS) Arjun Kapoor-starrer "Aurangzeb" has drawn a decent response at the box office with an opening day collection of Rs.3.75 crore.

Bangalore, May 18 (IANS) Renowned automobile designer Dilip Chhabaria Saturday unveiled his design studio here to showcase his award-winning and innovative designs.

Hyderabad, May 18 (IANS) On a high after a comprehensive win against Rajasthan Royals, Sunrisers Hyderabad will looking to ensure their place in the Indian Premier League (IPL) play-offs when they take on Kolkatta Knight Riders here Sunday.

Mumbai, May 18 (IANS) Actor Ranbir Kapoor says he would love to face the camera for films for the next 15 to 20 years, and that he also desires to direct movies in the future.

Tabo (Himachal Pradesh), May 18 (IANS) Chief Minister Virbhadra Singh Saturday said more micro and mini hydropower projects would be set up in Spiti Valley to usher an era of prosperity and provide employment opportunities to the youth of the area.