Category Archives: business

Asian shares edge up slightly after strong U.S. data

TOKYO (Reuters) – Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious.

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Japan transport ministry says raided 2 Nissan plants over improper checks

TOKYO (Reuters) – Japan’s Transport Ministry said on Wednesday it had conducted raids at two plants producing Nissan Motor Co cars as part of a probe into unauthorized vehicle inspections.

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Fed's Yellen says AIG's threat to stability is reduced after downsizing

WASHINGTON (Reuters) – American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of releasing the company from stricter oversight.

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Oil prices edge lower after strong third-quarter

TOKYO (Reuters) – Oil prices edged lower on Monday in early Asian trading, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September.

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Uber's Kalanick rekindles power struggle, names two to board

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.

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Uber's Kalanick says he appoints former Xerox, Merrill bosses to board

SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new board members, challenging Uber shareholders who have asked a court to stop the former chief executive from naming directors.

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Asia shares recuperate after rough week, dollar firm

SYDNEY (Reuters) – Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs across the region.

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Stocks, bond yields, dollar up after Trump tax plan

TOKYO (Reuters) – Asian shares were firm on Thursday while U.S. bond yields and the dollar held sizable gains made the previous day after President Donald Trump proposed the biggest U.S. tax overhaul in three decades.

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Dollar, yields rise on hawkish Yellen; Asian shares still weak

SYDNEY (Reuters) – The dollar climbed to a one-month high and bond yields rose on Wednesday as risks grew for a U.S. interest rate hike in December, while Asian stocks hovered near multi-week lows as tensions in the Korean peninsula remain elevated.

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Fed policymakers clash on outlook for inflation

SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) – A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he’s nervous it won’t.

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