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Asian shares rise on U.S. earnings but trade worries rattle yuan

TOKYO Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China's yuan to fresh one-year lows in both the onshore and offshore markets.

Recent Business News

Japan exports to U.S. fall, business mood sours amid fears of trade war

TOKYO Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump's protectionist trade policies.

China, Japan Jul 18 2018

EU's Moscovici warns of hit to markets if trade tensions escalate

BERLIN A further escalation in trade policy tensions between the European Union and the United States would hit financial markets and hurt both sides, said European Commissioner for Economic and Financial Affairs Pierre Moscovici.

Jul 18 2018

IBM gets boost from new businesses, tops estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.

Tech, Cybersecurity Jul 18 2018

Billionaire James Packer quits 22 boards, deepens corporate withdrawal

SYDNEY Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signaling his almost full retreat from public business life.

Jul 18 2018

Amazon.com's stock market value hits $900 billion, threatens Apple

SAN FRANCISCO Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel. | Video

Jul 18 2018

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