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Asian shares rebound as U.S. rate fears ebb

SYDNEY Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while the safe-haven yen held on to its gains amid heightened volatility across markets.

Recent Business News

U.S. jobless claims near 45-year low as economic outlook brightens

WASHINGTON The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy.

11:33am EST

Trump's call for more gun regulation boosts firearm stocks

SAN FRANCISCO Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school massacre in Florida.

Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner

NEW YORK U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter.

9:30pm EST

Chevrolet Bolt wins top 'green car' from Consumer Reports

WASHINGTON Hyundai Motor Co's Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co's electric Chevrolet Bolt was named top pick for compact green car.

12:53pm EST

Exclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn

CHICAGO/MEXICO CITY Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.

Brazil, Mexico 12:02pm EST

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