SYDNEY - Asian share markets were in a mixed mood on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and bond yields, pressuring currencies across the region.
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- Walt Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday. | Video
WASHINGTON - Boeing Co is scrambling to find alternate financing for a satellite contract worth "several hundred million dollars" that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday.
- U.S. luxury fashion retailer Neiman Marcus Group Inc filed with U.S. regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
BEIJING - Activity in China's services sector expanded at its fastest pace in 11 months in July, thanks to stronger new business, a private survey showed on Wednesday, a welcome development at a time factories in the world's second largest economy are struggling.
- Italy's Telecom Italia SpA is considering merging its OpenAccess business unit that leases its landline network to rivals with its wholesale business to avoid antitrust charges of as much as 4 billion euros ($4.35 billion), Bloomberg reported on Tuesday.