Asian shares slip, Aussie dollar volatile after rate cut, China concerns

HONG KONG - Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.

Recent Business News

Pimco Total Return Fund loses world's biggest bond fund title

- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.

04 May 2015

VW working hard to quickly find Piech successor: CEO

HANOVER, Germany - Volkswagen aims to quickly find a successor to Ferdinand Piech who quit as chairman week before last, after 13 years in the position, following a damaging public leadership dispute with Chief Executive Martin Winterkorn, the CEO said.

4:17am EDT

Sheryl Sandberg's husband Goldberg died after hotel gym accident: official

MEXICO CITY/SAN FRANCISCO - SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a resort in Mexico, the local prosecutor's office said Monday. Goldberg, the husband of Facebook Inc Chief Operating Officer Sheryl Sandberg, fell off a treadmill at a private villa in Punta Mita and hit his head, the prosecutor's spokesman said.

Mexico, Tech, Facebook 04 May 2015

Fancy fast food shares surge in US as Shake Shack draws shorts

SAN FRANCISCO - Investors seem willing to pay just about anything for a better burger.

1:20am EDT

Exclusive: Credit Suisse dropped SEC waiver request amid opposition - sources

WASHINGTON - Credit Suisse has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win approval, people familiar with the matter told Reuters.

04 May 2015


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