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Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises

TOKYO Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.

Recent Business News

Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo

TOKYO Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday.

Oct 18 2017

U.S. bankers hold onto hopes that Trump will boost profits

NEW YORK Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.

Oct 18 2017

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

BOSTON Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored.

Oct 18 2017

ADP is already making changes Ackman wants: CEO

NEW YORK Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

Tech, Money Oct 18 2017

Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

Oct 18 2017


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