Asian shares, dollar up on Fed's optimism; earnings in focus

HONG KONG - Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the economy, but a deepening sell-off in commodities kept gains in check.

Recent Business News

Exclusive: FCA's Chrysler group faces U.S. product drought through 2016

DETROIT - Fiat Chrysler Automobiles NV will face a shortage of new products in North America over the next 18 months, especially hot-selling trucks and crossover vehicles, according to three sources familiar with the company's plans.

29 Jul 2015

ITG sets aside $20.3 million related to dark pool investigation

NEW YORK - Broker dealer Investment Technology Group said on Wednesday it set aside $20.3 million for a probable settlement with the U.S. Securities and Exchange Commission over rule violations related to its private stock trading venue.

Boeing may move work abroad with Ex-Im future uncertain: chairman

WASHINGTON - Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker is actively looking at moving "key pieces" of its operations to other countries given uncertainty about the future of the Export-Import Bank, whose charter expired on June 30.

29 Jul 2015

Merchants seek to void $6 billion Visa, MasterCard, AmEx settlements

NEW YORK - Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc , MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tainting the accords.

House Speaker Boehner supports ending U.S. oil export ban

WASHINGTON - U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber.

29 Jul 2015


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