TOKYO - Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world's second-largest economy.
Recent Business News
- JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.4 percent decline in revenue and profit declines in three of its four main businesses, underscoring how weak trading markets and low interest rates have hurt banks in recent months. | Video
- Intel Corp cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth. | Video
NEW YORK - As a young investment banker in the 1990s, Harry You learned about an obscure General Motors Co security called a 'tracking stock.' As an EMC Corp executive working on selling the data storage company to Dell Inc, he helped revive it.
- Federal Reserve Governor Daniel Tarullo on Tuesday said the Fed should not hike interest rates this year, in comments that point to sharp divisions within the U.S. central bank over America's readiness for higher rates.
WASHINGTON - The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed's discount rate meeting showed.