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Asia stocks slide on Wall Street losses, oil drops on inventory rise

SINGAPORE Asian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar inched down from a seven-month high and oil prices extended this week's losses.

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Recent Business News

Exclusive: Slim in talks with Spanish firms for bid on $3.5 billion Mexico airport terminal - sources

MEXICO CITY/MADRID Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion (2.87 billion pounds) Mexico City airport terminal project, five people familiar with the matter said.

Deals, Mexico, Spain Oct 25 2016

Lighten up: tech firms take on economy-class flight challenge

SINGAPORE Some start-ups are taking on one of air travel's last undisrupted bastions - the economy-class cabin. While first and business class travelers have long enjoyed comfort upgrades, there's been less attention to innovation at the rear of the plane. "We want to make travel memorable and comfortable for all of us, not just the top 1 percent," Alireza Yaghoubi, founder of Singapore-based AirGo, told a recent start-up conference to pitch his superlight economy-class seat. H

Yahoo scanning order unlikely to be made public: sources

WASHINGTON Obama administration officials briefed key congressional staffers last week about a secret court order to Yahoo Inc that prompted it to search all users’ incoming emails for a still undisclosed digital signature, but they remain reluctant to discuss the unusual case with a broader audience.

Tech, Election 2016, Politics Oct 25 2016

Morgan Stanley CEO Gorman takes aim at quarterly reporting

Morgan Stanley Chief Executive Officer James Gorman questioned the need for U.S. companies to report earnings every quarter, calling the practice "asinine."

Oct 25 2016

Oil prices fall as concerns over global fuel glut re-emerge

SINGAPORE Oil prices fell on Wednesday, pulled down by a report of surging U.S. crude inventories, rising output in Nigeria and squabbling among producers about a planned output cut, which together re-ignited concerns over a global supply glut.

Oct 25 2016


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