Business

Photo

Asian shares tripped up by surprisingly bullish Fed

TOKYO - Asian shares retreated on Thursday after the Federal Reserve unexpectedly lifted its view on the economy, signaling that the U.S. central bank remains firmly on track with plans to raise interest rates this year.

Recent Business News

Oil near six-year lows after U.S. stockpiles hit record high

SINGAPORE - Oil remained weak in Asia on Thursday after data showing record U.S. stockpiles sent prices tumbling to the lowest level in nearly six years in the previous session and analysts said a global glut would continue to keep the market under pressure.

10:31pm EST

IMF sets June deadline for progress on governance reforms

WASHINGTON - The IMF set a June deadline for making progress on reforms that would give emerging countries more say in how the world lender is run, an attempt to break a standoff created by U.S. failure to ratify the changes.

9:13pm EST

Samsung Electronics fourth-quarter profit meets guidance; outlook cautious

SEOUL - Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant's smartphone business.

Tech, South Korea 7:27pm EST

McDonald's CEO Don Thompson leaving after tumultuous run

- McDonald's Corp , fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook.

9:24pm EST

Big banks fail to dismiss U.S. currency rigging lawsuit

NEW YORK - A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary