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Asian shares hit two-year high after Fed signals gradual tightening

TOKYO Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.

Recent Business News

Home sales fall as tight supply boosts prices

WASHINGTON U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.

1:27pm EDT

New Ford CEO eligible for $13.4 million in annual compensation

Ford Motor Co said on Wednesday that new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation.

6:19pm EDT

Worker advocacy group report says Tesla's injury rate higher than average

SAN FRANCISCO A California-based workers advocacy group released a report on Wednesday saying that Tesla Inc data showed its workers have been injured at a rate a third higher than the auto industry average.

8:10pm EDT

Software update can fix Fiat Chrysler's U.S. diesel issue: lawyer

WASHINGTON Fiat Chrysler Automobiles NV believes a software update can address U.S. regulators' contention that its diesel vehicles are producing excess emissions, a lawyer for the company said at a court hearing on Wednesday.

6:18pm EDT

Most Japan firms favor cautious approach to any Toshiba delisting: poll

TOKYO Most Japanese firms believe the Tokyo bourse should be cautious in its approach to any delisting of embattled Toshiba Corp , concerned about the potential impact on its clients, subcontractors and financial markets, a Reuters poll showed.

7:07pm EDT

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