Asian shares edge down, oil stabilizes after rout

TOKYO - Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve's interest rate increase.

Recent Business News

U.S. Dept of Justice initiates criminal probe against Deutsche Bank: Bloomberg

- The United States Department of Justice is investigating trades worth billions of dollars that Germany's Deutsche Bank AG made on behalf of its Russian clients, Bloomberg reported, citing people familiar with the matter.

Exclusive: Petrobras drags heels on Brazil fuel-price policy - sources

RIO DE JANEIRO - Brazil's state-run oil company, Petrobras, has failed to present its board of directors with a promised plan to bring domestic fuel prices in line with world levels, three sources with direct knowledge of the situation told Reuters.

5:28pm EDT

U.S. construction spending gain smallest in five months

WASHINGTON, - U.S. construction spending barely rose in June as private outlays posted their biggest drop in a year, but the underlying trend suggested the economy remained on solid ground.

10:28am EDT

AIG profit beats estimates, boosts buyback by $5 bln

- American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts' estimates, and boosted its share buyback by up to $5 billion.

6:41pm EDT

See no risks posed by expected Fed, BOE rate hikes: BOJ's Iwata

TOKYO - Bank of Japan Deputy Governor Kikuo Iwata on Tuesday played down any risk that expected interest rate increases by the U.S. Federal Reserve or the Bank of England could pose to financial markets, and dismissed suggestions that the BOJ should raise rates to prevent the yen from falling too fast.

11:00pm EDT


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