Japanese videogame giant Nintendo said Wednesday it logged a $229 million loss for its fiscal year to March as sales of its Wii U console disappointed.

The company said its net loss came in at 23.2 billion yen ($229 million) -- reversing a net profit of 7.1 billion yen a year ago -- on sales of 571.7 billion yen, which were down 10.0 percent on the year.

A delegation from the troika of international lenders Tuesday began its fourth assessment of Cyprus's economy and troubled banking system to see whether Nicosia is meeting its obligations under the bailout.

Cyprus has completed three similar reviews by the troika, which is made up of the European Commission, European Central Bank and International Monetary Fund.

International creditors are back in Cyprus to measure the country's progress in implementing the terms of its 10 billion euro ($13.87 billion) rescue.

Officials from the European Union and the International Monetary Fund began talks with Cypriot authorities on Tuesday. Three earlier reviews found that the country's bailout program remained on track.

Solid returns from its wealth management and investment banking divisions helped Switzerland's biggest bank, UBS AG, post a 7 percent profit advance in the first quarter.

But the bank, based in Zurich, sounded a cautionary note Tuesday about the global economy.

The International Monetary Fund called Tuesday on Dubai to take "stronger measures" to avert another property bubble, after prices rocketed at a rate reminiscent of the 2009 crisis.

Authorities in the Gulf emirate have already doubled sales duties to four percent, and the central bank of the United Arab Emirates has tightened lending facilities.

Iran's annual oil and gas fair opens in Tehran on Tuesday, with 600 foreign companies seeking to position themselves for a return to large-scale operations if international sanctions are lifted.

With some of the world's biggest oil and gas reserves, the industry is the cornerstone of Iran's economy, but it was heavily hit by an American and European embargo on the energy and banking sectors in 2012.

Syria's tourism minister has forecast a "prosperous tourist season" for the central province of Homs, despite three years of raging conflict that has flattened much of the provincial capital.

In remarks carried by the state news agency SANA, Bisher Yazigi pledged help for the area, predicting a prosperous tourism season because "various activities are planned... during the summer".

Employees at the government-run Rafick Hariri University Hospital were up in arms on Monday about the delay in receiving their salaries for the months of March and April, the state-run National News Agency reported.

“The month of May is about to end, and so far we have not yet received our salaries for the months of March and April,” the employees and contract workers at the hospital said in a statement.

Indonesian growth slowed more than expected in the first quarter, official data showed Monday, as weak exports and tight monetary policy weighed on Southeast Asia's top economy.

Growth in the archipelago nation has been easing over the past year as Chinese demand for key commodities slows, foreign investors are put off by policies perceived as nationalistic and interest rate hikes curb lending.

China's manufacturing sector contracted for a fourth consecutive month in April, HSBC said Monday, the latest sign that the world's second-largest economy is slowing.

The British banking giant's purchasing managers index (PMI) came in at 48.1 for last month, a tad up from 48.0 in March but weaker than the 48.3 reported in its preliminary report on April 23.