Global stocks enjoy relief rally ahead of ECB, but investors wary

LONDON - World stocks rose on Thursday, lifted by the strong rally on Wall Street the previous day, but investors were cautious ahead of a potentially critical 24 hours that will include a European Central Bank policy meeting and the latest U.S. jobs data.

Recent Business News

Wal-Mart to reopen five U.S. stores at center of union complaint

- Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against workers for organizing.

02 Sep 2015

Japan August PMI survey shows services expand at fastest pace in almost two years

TOKYO, - Activity in Japan's services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back.

02 Sep 2015

Toshiba to post annual net loss of about 10 billion yen: Yomiuri

TOKYO - Japan's Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company.

02 Sep 2015

Tight U.S. labor markets fuel wage gains; China impact looms: Fed

WASHINGTON - U.S. labor markets were tight enough to fuel small wage gains in some professions in recent weeks, though some companies already were feeling a chill from an economic slowdown in China, the Federal Reserve said on Wednesday.

02 Sep 2015

U.S. private payrolls rise steadily; productivity revised up

WASHINGTON - U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year. | Video

02 Sep 2015


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