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Japanese stocks lead sharp Asia rebound as U.S. data reassures

TOKYO - Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.

Recent Business News

Microsoft plans to launch smartwatch within weeks: Forbes

NEW YORK - Microsoft Corp. is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.

19 Oct 2014

Credibility meets compromise in Europe's bank stress test

LONDON - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

19 Oct 2014

Standard Chartered readies to close thousands of UAE accounts as U.S. deadline looms

- Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

19 Oct 2014

Business jet sales to keep rising but some purchases delayed

NEW YORK - Business jet buyers are expected to take delivery of as many as 675 new aircraft worth about $20.5 billion this year, a slight rise over deliveries worth $20 billion 2013, according to a forecast by Honeywell International Inc .

19 Oct 2014

Tesco accounting probe finds 'inappropriate behavior' by staff: reports

LONDON - The investigation into a 250 million pound ($402 million) profit overstatement at supermarket operator Tesco Plc has unearthed evidence of "inappropriate behavior" by staff, two national newspapers reported on Sunday.

19 Oct 2014

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Sector Summary

Should bankers get bigger bonuses?

Morgan Stanley reported strong third-quarter earnings today, up 12 percent to $8.91 billion in quarterly revenue, while rival Goldman Sachs yesterday reported an increase of 25 percent to $8.39 billion.