Asian shares falter, Aussie dollar volatile after rate cut

HONG KONG - Asian stock markets retreated on Tuesday and the Australian dollar briefly fell 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

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WASHINGTON - Credit Suisse has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win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

Greenlight's Einhorn slams oil frackers at Sohn conference

NEW YORK - Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash.

04 May 2015

Morgan Stanley sees $292 million loss from Deutsche Bank lawsuit

- Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm's mortgages.


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