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Asia dips as China stocks deepen losses, dollar down after Fed

TOKYO Asian stocks were mostly lower on Thursday as Chinese equities deepened their losses, souring risk sentiment that had improved earlier after the Federal Reserve provided a positive assessment of the U.S. economy.

Recent Business News

In clash of billionaires, Bloomberg calls Trump White House race 'a con'

PHILADELPHIA New York media mogul Michael Bloomberg assailed fellow billionaire Donald Trump on Wednesday, calling his U.S. presidential race a "con" and ripping into his history of bankruptcies and lawsuits. | Video

Election 2016, Politics Jul 27 2016

AstraZeneca earnings hit by waning cholesterol drug sales

LONDON Generic competition to cholesterol fighter Crestor in the key U.S. market hit second-quarter earnings at drugmaker AstraZeneca, which is now banking on new cancer medicines to revive its fortunes.

2:21am EDT

SoftBank first-quarter profit flat, profits at domestic telecoms business solid

TOKYO SoftBank Group Corp reported a 0.2 percent increase in first-quarter operating profit as solid profits in its domestic telecommunications business offset losses at U.S. unit Sprint Corp .

Tech, Deals 2:14am EDT

Venezuela roils corporate profits around the globe

BOSTON U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that has erased more than $10 billion in profits over the past 18 months.

Jul 27 2016

Sony says to sell battery business to Murata Manufacturing

TOKYO Sony Corp said on Thursday it has agreed to sell its battery business to Murata Manufacturing Co for a yet-to-be-determined amount.

2:25am EDT


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