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Asian shares hover near recent highs; China Congress eyed

SYDNEY Asian shares held within striking distance of recent decade highs on Tuesday even as Wall Street fell from record levels, while currencies kept to narrow ranges ahead of key economic events.

Recent Business News

Exclusive: Hedge fund Baupost snaps up claims against Toshiba - sources

Hedge fund The Baupost Group LLC has acquired the biggest chunk of a $2.2 billion claim that two South Carolina utilities had against Toshiba Corp following the bankruptcy of its nuclear power subsidiary, people familiar with the matter said on Monday.

8:18pm EDT

Kobe Steel plant is under inspection by Japan ministry: Kyodo

TOKYO One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is being inspected by Japan's transport ministry, Kyodo News reported on Tuesday.

8:12pm EDT

Cisco buys BroadSoft for $1.71 bln in software push

Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing. | Video

Deals, Tech 2:33pm EDT

U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade

NEW YORK A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.

1:41pm EDT

Boeing signs $13.8 billion deal with Singapore Airlines

WASHINGTON Boeing Co on Monday signed a previously announced deal with Singapore Airlines Ltd to sell it 39 aircraft worth $13.8 billion at list prices during a White House event with Singapore's prime minister. | Video

6:34pm EDT


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