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Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains

TOKYO Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve's policy decision capping gains.

Recent Business News

Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

Verizon Communications Inc  disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets.

1:05pm EDT

Goldman is sued in U.S. over merger linked to Malaysia's 1MDB

NEW YORK Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister.

1:13pm EDT

Losing the X-factor: Hyundai fumbles in U.S. as former hit car Elantra stalls

SEOUL At last February's Super Bowl, Hyundai Motor hired 'X-Men' movie star Ryan Reynolds for an ad plugging the new version of its Elantra sedan. Not in the script: a slide in first-half sales of the South Korean automaker's U.S. mainstay.

7:41pm EDT

Special Report: In Venezuela's murky oil industry, the deal that went too far

CARACAS/BOGOTA Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. | Video

4:55pm EDT

State Street to pay $530 million to resolve forex fraud claims

Custody bank State Street Corp said it has agreed to resolve all pending litigation and regulatory matters in the United States related to its indirect foreign exchange business.

10:06pm EDT


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