TOKYO - Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China.
Recent Business News
WASHINGTON - U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year. | Video
TOKYO - Japan's Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company.
- Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against workers for organizing.
BOSTON - Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China.
TOKYO - Solar power generation contributed to about 10 percent of peak summer power supplies of Japan's nine major utilities, equivalent to more than 10 nuclear reactors, the Asahi newspaper reported on Thursday.