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Asian stocks slip after European surge fades, dollar edges up

TOKYO Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged up to pull further away from three-year lows.

Recent Business News

Congress sets sights on federal cryptocurrency rules

WASHINGTON Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.

Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.

Tech, China 4:32am EST

BlackRock upgrades outlook for U.S. stocks on earnings momentum

The world's biggest asset manager BlackRock Inc upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral.

2:00pm EST

Samsung Electronics to slash OLED panel production as iPhone X demand disappoints: Nikkei

TOKYO Samsung Electronics Co will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc's decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday.

10:26pm EST

For timing of Aramco IPO, watch forward oil price curve

LONDON It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?

Feb 18 2018

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