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Asia dips amid smoldering banking sector concerns, yen stands tall

TOKYO Asian stocks dipped early on Wednesday amid smoldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight.

Recent Business News

Wall Street cuts losses late to end tad lower

U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. | Video

6:12pm EST

Rates markets, at odds with Fed, seek clarity from Yellen

NEW YORK While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans.

6:32pm EST

In cloud stock tumult, investors give valuations a reality check

SAN FRANCISCO Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check.

Tech, Money 4:39pm EST

GM recalling 473,000 SUVs, pickups in North America for brake pedal problems

General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut.

More Americans quitting jobs as labor market strengthens

WASHINGTON U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.

3:28pm EST

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