Dollar retreats after its best day in two years

LONDON - A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years.

Recent Business News

Blocked in China, Twitter still courts Chinese firms for ads

SHANGHAI - Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world.

May's market tremors could reflect fear of 'groupthink'

LONDON - For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.

1:52am EDT

Sony mobile executive: pricing tweaks, cost cuts to cope with dollar's rise

TOKYO - The head of Sony Corp's loss-making mobile telecoms unit plans to tweak handset prices and cut costs if need be to absorb the dollar's sharp rise versus the yen, citing currency shifts as a bigger potential threat to the Japanese electronics maker's efforts to turn the business around than competition.

Tech, Japan 5:07am EDT

Skymark creditor Airbus opposes revival bid, threatens ANA stake deal

TOKYO - Airbus Group may block an attempt by Japanese carrier ANA Holdings to become a key shareholder in Skymark Airlines , people familiar with the matter said, becoming the second major creditor in the failed discount airline to threaten ANA's participation in a revival bid.

Takata faces questions over air bag fix as recalls expand

DETROIT - Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.


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