Asian shares on edge as investors brace for Fed

TOKYO - Asian shares fell to 10-week lows on Tuesday as investors braced for a possible hawkish shift in the Federal Reserve's policy stance in the lead-up to the U.S. central bank's two-day policy meeting later in the day.

Recent Business News

Detroit reaches bankruptcy deal with fiercest creditor

DETROIT - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt and obligations.

China August FDI falls to lowest in at least two-and-a-half years

BEIJING - China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy.

15 Sep 2014

Alibaba boosts IPO as demand strengthens

HONG KONG/NEW YORK - Alibaba Group Holding Ltd [IPO-BABA.N] raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year's most anticipated debut and potentially the world's largest-ever IPO. | Video

15 Sep 2014

Exclusive: Colombia may pre-finance 2015 borrowing needs - finance minister

NEW YORK - Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end.

15 Sep 2014

Mitsubishi Motors to invest $600 million in Indonesian car factory

JAKARTA - Japan's Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.

Indonesia, Japan 12:56am EDT


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