Asia shares swing higher as China nears seven year high

SYDNEY - Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply.

Recent Business News

Exclusive: Fidelity moves to end DuPont proxy battle - sources

NEW YORK - Fidelity Investments, a major investor in DuPont , has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter.

1:06am EDT

Volvo Cars to build U.S. plant to spearhead sales recovery

PARIS - Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership.

12:02am EDT

Oman Air says orders 20 Boeing 737s; to double fleet by 2020

SINGAPORE - Flag carrier Oman Air has ordered 20 Boeing Co 737 aircraft as part of a plan to double its fleet to 70 planes by 2020, Chief Executive Paul Gregorowitsch said on Monday.

12:46am EDT

Juror in gender lawsuit sympathized with Pao, sided with Kleiner

SAN FRANCISCO - To some Silicon Valley watchers, the Kleiner Perkins Caufield & Byers gender discrimination case became a referendum on the challenging state of women in technology. But for the lone woman in technology on the jury, an at times unfriendly workplace did not amount to gender discrimination at the powerful venture capital firm. 

29 Mar 2015

Western banks axed 59,000 jobs last year, more cuts to come in Europe

LONDON - Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation.

29 Mar 2015


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