Asian stocks steady after China stimulus, euro hurt by Greek woes

TOKYO - Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt.

Recent Business News

U.S. and Japan narrow gaps substantially in trade talks: USTR Froman

TOKYO - The United States and Japan have made significant progress in trade talks over recent days, adding momentum to multilateral efforts toward a free-trade pact, U.S. Trade Representative Michael Froman said early on Tuesday.

3:29pm EDT

Oil up on drop in U.S. crude stockpiles, Middle East tensions

NEW YORK - Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.

4:18pm EDT

U.S. court hears Chevron's fraud claims in $9.5 billion Ecuador dispute

- Chevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador.A lawyer for Chevron told the 2nd U.S. Circuit Court of Appeals in New York that Steven Donziger, a U.S. lawyer who represented a group of Ecuadorians that sued the oil giant, pursued a case "shot through with fraud."

U.S., Environment 3:21pm EDT

Business group sees thousands of U.S. jobs from Pacific trade deal

WASHINGTON - The 12-nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal's employment impact.

8:24pm EDT

ECB's Nowotny says impact of any Greek exit less now than before: TV

FRANKFURT - Were Greece to leave the euro, it would not have the same impact on the euro zone as it would have had two years ago, an ECB policymaker said on Monday, urging the Greek government to provide "numbers" to qualify for further aid. | Video

4:21pm EDT


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