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Asian stocks at two-week lows as bond woes spread, dollar slips

HONG KONG - A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar stayed on the backfoot dogged by trade deficit concerns.

Recent Business News

DoubleLine's Gundlach sees no Fed rate increase in 2015

NEW YORK - Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.

05 May 2015

News Corp quarterly revenue falls on currency, lower ad sales

- News Corp , owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers.

05 May 2015

Netflix asks FCC to reject AT&T-DirecTV merger unless changes made

WASHINGTON - Netflix Inc has urged the U.S. Federal Communications Commission to reject the pending $48 billion merger of AT&T Inc and DirecTV unless its concerns about the deal are addressed.

Disney revenue gets lift from theme parks, TV networks

- Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. | Video

05 May 2015

Apple's Beats Music deals under U.S. scrutiny: Bloomberg

- Apple Inc's move to line up deals with record labels is under U.S. antitrust scrutiny as the iphone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter.

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