SINGAPORE Asian stocks edged up on Thursday, while the dollar's gains were limited as U.S. President Donald Trump's struggle to push through a healthcare reform bill raised doubts over whether he can win support for pro-growth economic policy measures.
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NEW YORK If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.
Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances.
U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google's YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.
BEIJING Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.
NEW YORK Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.