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Dollar shines, Asia shares slip after Fed signals December rate hike

TOKYO The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.

Recent Business News

Holiday sales forecasts indicate strong growth for retailers

Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market.

Sep 20 2017

Apple concedes new watch has connectivity glitch

Apple Inc on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability to make phone calls and access data without an iPhone nearby. | Video

Sep 20 2017

Albertsons buys meal-kit delivery provider Plated

Albertsons Cos Inc , one of America's biggest supermarket chains, said on Wednesday it would buy meal-kit delivery service Plated, as it looks to attract more customers to its stores amid increased competition.

Sep 20 2017

Oil dips on rising U.S. crude inventories and production

SINGAPORE Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home.

Sep 20 2017

Toys 'R' Us CEO sees future with smaller shops

NEW YORK Toys "R" Us Inc will shrink its stores and revamp its bigger outlets through its bankruptcy process, which may end with the company's return to the public markets, Chief Executive David Brandon said on Wednesday.

Sep 20 2017


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