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Asia shares at one-month peak, bonds bet on ECB support

SYDNEY Asian shares hopped higher on Thursday after Wall Street strode to new records and bonds rallied on wagers the European Central Bank would extend its asset buying campaign at a policy meeting later in the session.

Recent Business News

Airbnb backs off fight with governments, offers policy suggestions

SAN FRANCISCO In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting.

10:23pm EST

Trump vows to bring down drug prices, doesn't say how

NEW YORK President-elect Donald Trump took aim at drugmakers on Wednesday by promising in a magazine interview that "I'm going to bring down drug prices," sending shares of pharmaceutical and biotechnology companies lower.

Health, Drug Pricing 7:36pm EST

Exclusive: Edmond de Rothschild to close Hong Kong operations - sources

HONG KONG Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory.

9:30pm EST

Chevron sets 2017 capital budget, in 4th year of spending cuts

Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.

8:22pm EST

Lululemon quarterly sales top expectations, shares jump

TORONTO Canadian yoga and leisure apparel retailer Lululemon Athletica Inc on Wednesday reported quarterly profit that beat analysts' forecasts, helped by higher-than-expected gross margins and sales.

9:16pm EST


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