TOKYO - Equity markets in Asia slipped early on Wednesday as a widespread spike in debt yields dented the allure of risky assets, while the euro stood tall after surging on upbeat euro zone inflation data and hopes that Greece will reach a deal with its creditors.
Recent Business News
WASHINGTON - It may be impossible for the Federal Reserve to raise interest rates until the rest of the world economy improves, Fed board member Lael Brainard said on Tuesday, in the most direct acknowledgement yet of how weak global markets could handcuff the U.S. central bank.
NEW YORK - Several hedge funds have asked U.S. department store company Macy's Inc to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter.
NEW YORK - Voicemail is going the way of the typewriter, at least at JPMorgan Chase & Co .
- Wal-Mart Stores Inc said it would raise minimum wages for over 100,000 U.S. employees including some department managers and deli workers, its second wage hike this year.
BRUSSELS - The United States expects it will be able to clinch an agreement "very soon" with the European Union on a deal allowing companies to easily transfer data across the two blocs, a U.S. government representative said on Tuesday.