Asia relieved by Wall Street bounce, upbeat Fed

SYDNEY - Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.

Recent Business News

Takata says has sufficient funds to deal with recalls: Nikkei

TOKYO - Air bag maker Takata Corp has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper.

17 Dec 2014

Top Herbalife salesman acknowledges high failure rate in video

BOSTON - A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud.

Boeing to make 754 commercial jet deliveries in 2015: trade group

SEATTLE - Boeing Co will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker.

17 Dec 2014

Airbus reshuffle prepares planemaker for record jet output

PARIS - A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said.

17 Dec 2014

In South Korea, IKEA opens biggest store to lure tiny households

SEOUL - Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice.

2:31am EST


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