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Asia stocks extend gains, hit one-month peak on upbeat China trade data

SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session.

Recent Business News

Japan Inc warns of global trade contraction under Trump presidency: Reuters poll

TOKYO Corporate Japan is bracing for a rocky ride under incoming U.S. President Donald Trump, a Reuters poll showed, with well over a third of firms seeing a contraction in global trade as concerns about a rise in U.S. protectionism threaten to shatter a fragile economic recovery.

12:01am EST

China's top court rules in Michael Jordan's favor in trademark case

SHANGHAI China's highest court has ruled in favor of former basketball star Michael Jordan in a long-running trademark case relating to a local sportswear firm using the Chinese version of his name, overturning earlier rulings against the athlete.

Sports, China 1:15am EST

Bilfinger CEO says will take time for Iran to regain investors' trust

FRANKFURT Financing is the main hurdle facing companies looking at doing business in Iran, Bilfinger Chief Executive Thomas Blades said in German newspaper Handelsblatt and he also said it would take time for the country to regain investors' trust.

2:37am EST

Ericsson says Swedish staff cuts running ahead of plan

STOCKHOLM Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Nordic home market were running ahead of plan, resulting in higher restructuring costs this year than previously forecast.

4:05am EST

Airbnb backs off fight with governments, offers policy suggestions

SAN FRANCISCO In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting.

Dec 07 2016


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