Asia shares retreat, euro subdued on ECB stimulus bets

TOKYO/SINGAPORE Asian shares fell and the dollar held near an 8-1/2-month peak on Friday, while the euro hovered around seven-month lows on expectations of additional stimulus from the European Central Bank next week.

Recent Business News

Mis-selling risks grow with China's insurance sales army

HONG KONG/SHANGHAI Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of mis-selling by inexperienced agents on commission could prove costly to the industry and its customers.

26 Nov 2015

BTG Pactual redemptions rise in day after CEO arrest: source

SAO PAULO Clients stepped up withdrawals from Grupo BTG Pactual SA's money management unit on Thursday, according to a source with knowledge of the bank's strategy, as Latin America's largest independent investment bank tries to contain fallout from the arrest of its top executive.

Bank of America to halt dollar supplies to Angola: sources

LUANDA Bank of America will stop supplying U.S. dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the oil exporter's ailing kwanza <AOA=> currency.

26 Nov 2015

Merck plans to sell its allergy business unit to cut debt: Bloomberg

German drugs and chemicals maker Merck KGaA is planning to sell its allergy business, Allergopharma, Bloomberg reported, citing sources.

26 Nov 2015

VW's Audi suspends two engineers in emissions probe

BERLIN Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States, Audi CEO Rupert Stadler said in a newspaper interview published on Thursday.

26 Nov 2015


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