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Asia stocks drop as bank concerns smoulder, yen stands tall

TOKYO Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar.

Recent Business News

BMW sales rise 7.5 percent in January on demand in Europe, China

FRANKFURT BMW reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers.

3:04am EST

ESPN casts shadow over 'Star Wars' success at Disney

Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of "Star Wars: The Force Awakens," which lifted the company to record income and topped Wall Street expectations.

09 Feb 2016

Nobel Upstream says buys Shell's stake in Maclure North Sea field

LONDON Nobel Upstream, a privately held British oil explorer, said on Wednesday it had agreed to buy Shell's 7.59 percent stake in the Maclure North Sea oilfield for an undisclosed sum.

3:29am EST

HSBC sued by families of victims in drug money laundering case

HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business.

Nomura CEO aims to finally crack U.S. with shift to M&A advisory

TOKYO Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy.

12:04am EST

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