Asia stocks drop as bank concerns smoulder, yen stands tall

TOKYO Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar.

Recent Business News

ESPN casts shadow over 'Star Wars' success at Disney

Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of "Star Wars: The Force Awakens," which lifted the company to record income and topped Wall Street expectations.

09 Feb 2016

Nomura CEO aims to finally crack U.S. with shift to M&A advisory

TOKYO Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy.

12:04am EST

HSBC sued by families of victims in drug money laundering case

HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business.

Exclusive: In boost to self-driving cars, U.S. tells Google computers can qualify as drivers

WASHINGTON/DETROIT U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads.

Wall Street cuts losses late to end tad lower

U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. | Video

09 Feb 2016


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