Asia shares edge up, wary of China volatility

TOKYO - Asian shares inched higher on Friday but were on track for a weekly loss, while the dollar edged away from highs scaled after U.S. GDP data reinforced expectations that the Federal Reserve is on track to raise interest rates this year.

Recent Business News

Amgen profit tops Street view, boosts full-year forecast

- Amgen Inc on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.

4:51pm EDT

Consumer spending bolsters U.S. second-quarter growth

WASHINGTON - U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. | Video

1:32pm EDT

Hedge fund Elliott eyes fresh market turbulence

BOSTON/NEW YORK - Paul Singer's $27 billion hedge fund Elliott Associates is worried about Europe's prospects and is bracing for fresh market turbulence.

8:24pm EDT

Uber to invest $1 billion in India: FT

- Online ride hailing service Uber Technologies Inc [UBER.UL] is set to invest $1 billion in India, which will bring its investment on par with that in China, the Financial Times reported.

Tech, China 9:16pm EDT

GE may ship $10 billion in work overseas as U.S. trade bank languishes

WASHINGTON - General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday.


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