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Asia stocks near one-year highs; yen slips on BOJ easying bets

HONG KONG Asian stocks climbed to fresh near one-year highs and the Japanese yen weakened on Wednesday as awaited central bank meetings this week that could see fresh stimulus in Japan and provide clues on U.S. interest rates.

Recent Business News

Tesla's Musk sees 'modest' capital raise for next strategic turn

SPARKS, Nevada Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday.

Jul 26 2016

Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

Verizon Communications Inc  disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets.

Jul 26 2016

Australia's big banks team up to challenge Apple on mobile payment apps

SYDNEY Australia's three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones.

1:24am EDT

Malaysia Airlines orders Boeing 737 MAX jets in $5.5 billion deal

KUALA LUMPUR Malaysia Airlines said on Wednesday it had ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more.

2:12am EDT

GlaxoSmithKline invests $360 million in post-Brexit UK manufacturing

LONDON GlaxoSmithKline plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signaling its confidence in the country despite last month's vote to leave the European Union.

2:05am EDT


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