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Asia stocks bounce as risk appetite returns after Italy vote

HONG KONG Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum was overdone, with robust U.S. economic data also helping sentiment.

Recent Business News

U.S. services sector activity scales one-year high

WASHINGTON U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week.

12:42pm EST

U.S. retailers value enthusiasm over experience for holiday hires

This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amazon.com Inc.

1:24pm EST

Buffett's Berkshire could get $29 billion Trump tax boost: analyst

Warren Buffett's Berkshire Hathaway Inc could get a $29 billion boost to its book value if President-elect Donald Trump is able to slash the U.S. corporate tax rate to 15 percent from 35 percent, Barclays Capital wrote on Monday.

5:41pm EST

Trump should not spend like economy in crisis: Fed officials

PHOENIX Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects.

7:00pm EST

Korea corporate chiefs questioned over political scandal

SEOUL The heads of South Korea's top conglomerates including the Samsung and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-hye.


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