Dollar shines, U.S. yields surge on upbeat U.S. data

TOKYO - The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates.

Recent Business News

Some WTO members discussing customs deal without India: sources

- A group of World Trade Organization (WTO) members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday.

12:59am EDT

Samsung Electronics downbeat on third quarter prospects as profits slide

SEOUL - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth.

Tech, Media 12:47am EDT

Target to hire Pepsi executive Brian Cornell as CEO: WSJ

- Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported.

3:07am EDT

Amazon quickens push into tough local services market

SAN FRANCISCO - Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Inc was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor.

Tech, Media 1:01am EDT

BOJ's Kiuchi warns GDP rebound may be weaker than expected

KOBE Japan - Sluggish exports and factory output could mean the Japanese economy's post-tax hike rebound in the third quarter may be weaker than expected, a central bank policymaker has said, warning of clouds hanging over its stimulus programme.

3:12am EDT


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