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Fed caution hits dollar as Japan anticipation builds

LONDON The dollar took its biggest tumble in almost two months on Thursday and stocks crept to nine-month highs as cautious sounds from the U.S. Federal Reserve left the focus firmly on Japan's next round of money-printing measures.

Recent Business News

Fall in Volkswagen brand profit shows lasting effects of scandal

BERLIN Volkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal.

7:01am EDT

AstraZeneca helped by new drugs as cholesterol pill fades

LONDON Generic competition to cholesterol buster Crestor in the U.S. market pushed second-quarter core earnings down by nearly a third at drugmaker AstraZeneca, which is now banking on new cancer medicines to revive its fortunes.

6:48am EDT

In clash of billionaires, Bloomberg calls Trump White House race 'a con'

PHILADELPHIA New York media mogul Michael Bloomberg assailed fellow billionaire Donald Trump on Wednesday, calling his U.S. presidential race a "con" and ripping into his history of bankruptcies and lawsuits. | Video

Election 2016, Politics Jul 27 2016

Roberto Cavalli names former Versace head as new CEO

MILAN Italian fashion group Roberto Cavalli said on Thursday it had named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.

6:27am EDT

SoftBank first-quarter profit flat, signs of sharp Sprint recovery seen

TOKYO SoftBank Group Corp reported flat first-quarter operating profit as solid earnings for its domestic telecommunications business offset losses at U.S. unit Sprint Corp .

Tech, Deals 5:17am EDT


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