TOKYO Asian stock markets wavered on Wednesday after downbeat U.S. manufacturing data raised questions about how aggressive the Federal Reserve would be when hiking interest rates, while the dollar retreated from 8-1/2-month highs.
Recent Business News
SAN FRANCISCO/BENGALURU The board of Yahoo Inc is weighing a sale of its core Internet business when it meets this week, a source familiar with the matter told Reuters.
Shopping through mobile devices soared on Cyber Monday, accounting for more than a quarter of the $3 billion in sales, but many online retailers struggled to get visitors using smartphones and tablets to shop as much as those using desktops.
SINGAPORE Oil dipped on Wednesday as an unexpected rise in U.S. stockpiles worsened oversupply concerns, stemming from expectations that OPEC will keep its output target unchanged at a policy meeting on Friday.
EAST LANSING, Mich. The Federal Reserve should use the communication tools at its disposal at its December meeting to spell out a gradual pace of rate increases, Chicago Federal Reserve President Charles Evans said on Tuesday.
LONDON JPMorgan has topped investment bank league tables by revenue, with a surge in dealmaking helping it to pull in $18.2 billion in the year so far, a survey found on Wednesday.