Business

Photo

Asian shares slip, dollar near highs; Hong Kong unrest eyed

TOKYO - Asian shares got off on the back foot on Wednesday as continued civil unrest in Hong Kong sapped confidence, while the dollar index was in sight of a four-year high after marking its best quarterly gain in six years.

Recent Business News

Argentina defies U.S. court order by depositing debt payment

BUENOS AIRES - Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations. | Video

BNY Mellon to shut derivatives sales, trading business

- Bank of New York Mellon Corp will exit the derivatives sales and trading business that operates as part of the company's global markets group.

6:17pm EDT

China's September official PMI steady at 51.1

BEIJING - Growth in China's manufacturing sector held up in September as large state factories benefited from steady domestic demand, welcome news for investors a day after China cut mortgage rates for the first time since 2008 to lift its flagging economy.

10:14pm EDT

Mercer cuts ratings on Pimco funds, more outflows could follow

NEW YORK - Influential pension consultant Mercer Investment Management has downgraded its ratings on five Pimco funds, possibly triggering another wave of institutional investor outflows from the Newport Beach, California, bond fund manager.

7:48pm EDT

U.S. lawsuits related to Fannie Mae, Freddie Mac profits dismissed

- A U.S. federal judge on Tuesday dismissed claims seeking to stop the U.S. government from making Fannie Mae and Freddie Mac pay a quarterly dividend to the U.S. Treasury.

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary