Asia dips on Wall Street, dollar sags after weak U.S. wage data

TOKYO - Asian shares took cues from a lower Wall Street and dipped early on Monday, while the dollar was on the defensive against the euro and yen following disappointing U.S. wage growth data that dented prospects for an early interest rate hike by the Federal Reserve.

Recent Business News

U.S. wage growth brakes in second-quarter; consumer sentiment slips

WASHINGTON - U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack.

31 Jul 2015

Star Wars meets Uniqlo as Fast Retailing, Disney expand product tie-up

TOKYO - Fast Retailing Co Ltd's Uniqlo clothing chain said on Monday that it was expanding its collaboration with Walt Disney Co to offer a wider range of products and that it would open a flagship store at the Florida Disney World's shopping complex next spring.

10:03pm EDT

Volkswagen overtakes Toyota as world's biggest carmaker

(This July 28 story was corrected to state in sixth paragraph that Toyota is reporting first-quarter, not first-half, results on Tuesday; also corrects day in advisory line to Tuesday)

10:29pm EDT

Iran plans to buy 80-90 Boeing, Airbus planes a year, post sanctions

DUBAI - Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday.

4:33am EDT

German auto makers agree deal to buy Nokia HERE: sources

FRANKFURT - A consortium of German premium carmakers has agreed a deal to buy Nokia's mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected cars.

4:41pm EDT


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