Asia edges up after China rate cut, euro sags

TOKYO - Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro.

Recent Business News

Ferragamo CEO sees higher 2015 sales after 'excellent' February

MILAN - Italian luxury group Salvatore Ferragamo expects its sales to grow this year after the Chinese New Year contributed to an "excellent" performance in February, Chief Executive Michele Norsa said on Sunday.

12:38pm EST

Exclusive: NXP nears deal for Freescale Semiconductor - sources

- NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, according to two people familiar with the matter.

6:32pm EST

Nokia CEO sees 'business as usual'; no change to outlook

BARCELONA - Nokia, the world's third-largest mobile equipment maker, has seen nothing in its business that would lead it to change its financial outlook, its chief executive said on Sunday.

2:20pm EST

New Internet rules set up industry's next battle

BARCELONA/BRUSSELS - New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritize and earn potentially vast income from some types of data, setting up likely clashes with regulators in the future.

10:47am EST

Bells toll for Europe's largest gas field

WESTERWIJTWERD, Netherlands - Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding the alarm for a new threat: earthquakes linked to Europe's largest natural gas field.

4:05pm EST


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary