Asian shares firm on resurgent oil, Nikkei falls on BOJ

TOKYO - Asian stocks hit a seven-week high on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Tokyo shares fell after the Bank of Japan stood pat on policy.

Recent Business News

Tesco first-half profit more than halves

LONDON - Britain's biggest supermarket Tesco on Wednesday posted a 55 percent slump in first-half profit, showing the scale of the financial damage wrought by discount groups and raising questions over boss Dave Lewis' turnaround plan.

2:20am EDT

UAW threatens strike at Fiat Chrysler U.S. operations

DETROIT - United Auto Workers members are planning to strike at Fiat Chrysler Automobiles NV U.S. plants as soon as Wednesday evening, the first work stoppage since 2007, threatening to bring manufacturing to a halt.

06 Oct 2015

Faint corporate praise for TPP as winners, losers sought

SYDNEY/WASHINGTON - Early industry reaction to a long-sought trade agreement reached between 12 Pacific Rim countries on Monday amounted to faint praise that it could have been worse and umbrage that the United States appeared to be the biggest winner.

Politics, World 06 Oct 2015

U.S. consumer watchdog wants partial ban on arbitration clauses

WASHINGTON - Banks and credit card companies may not force customers to sign away their legal rights to take part in class action lawsuits, under an early-stage U.S. government proposal that is likely to draw ire from Wall Street.

Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

WASHINGTON - The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. | Video

06 Oct 2015


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