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Asian shares rise as markets look to ECB after Italian jolt

TOKYO Asian shares rose on Wednesday as investors covered short positions and looked to the coming policy meeting of the European Central Bank for comfort after a referendum defeat tipped Italy into political turmoil.

Recent Business News

Citi says behaved appropriately in sterling 'flash crash'

LONDON Citi said on Wednesday that its trading operations functioned appropriately in a thin and illiquid market during October's "flash crash" in sterling, responding to a Financial Times report saying a trader at the U.S. bank exacerbated the pound's fall.

4:41am EST

Britain fines Pfizer record $107 million for huge drug price hike

LONDON Britain's competition watchdog has fined Pfizer a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.

4:29am EST

Apple says iPhone 6 battery fires in China likely caused by external factors

BEIJING Apple Inc said external factors were the likely cause of iPhone 6 battery fires detailed in a Chinese consumer protection report that featured widely in state media earlier this week and created a buzz on social media.

Dec 06 2016

LeEco's sports unit cuts 10 percent of staff amid funding crunch

BEIJING/SHANGHAI The sports unit of Chinese technology giant LeEco will cut 10 percent of its staff and restructure its business after the parent firm's billionaire chief executive flagged concerns over spiraling debt and corporate overextension last month.

4:24am EST

Hidden credit card perks can save shoppers

NEW YORK Want to save a few quick bucks on your holiday shopping? Your credit card may offer some little-known perks that could save you money both upfront and after the purchase.

12:17am EST


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