Asia shares supported by upbeat China factory survey

SYDNEY - Asian stock markets edged broadly higher on Thursday and the Australian dollar jumped after a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world's second-biggest economy.

Recent Business News

As U.S. strengthens, sluggish wages explain Fed's caution

NEW YORK/SAN FRANCISCO - The U.S. Federal Reserve's policy statement, unchanged for the last four months, will probably stay that way until at least September for one main reason: slow wage growth.

1:09am EDT

Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt

SEOUL - South Korea's Hyundai Motor said its net profit fell by the most in five quarters, as the local currency's sharp gain and higher U.S. discounts to entice customers overshadowed solid April-June vehicle sales in China and at home.

1:33am EDT

Bank settlements create windfall for U.S., and wrangling over how it is spent

NEW YORK - U.S. authorities' $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things.

Judge dismisses suit claiming JPMorgan knew of Madoff fraud

NEW YORK - A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

GM recalls 717,950 vehicles in U.S., not for ignition switches

DETROIT - General Motors Co on Wednesday announced six recalls covering 717,950 vehicles in the United States for varying reasons, although none were related to ignition switch issues.

23 Jul 2014


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