Asian stocks extend gains on firm Wall Street, Fed outlook
Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data.
Panasonic shares plunge after profit warning, Tesla’s Maxwell deal
Panasonic Corp shares fell almost 6.5 percent on Tuesday after the electric vehicle (EV) battery maker reported a drop in quarterly earnings and cut its full-year outlook, just as EV partner Tesla Inc branched out in battery tech.
Asian stocks extend gains on firm Wall St, Fed outlook
Asian stocks extended their gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s dovish turn underpinned risk appetite, while the dollar held firm on last week’s upbeat U.S. data.
Trump to choose Treasury’s Malpass to lead World Bank – sources
The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Mo…
U.S. trade agency sees negotiating new WTO rules to rein in China as futile
Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S….
Exclusive: Boeing aims to speed 737 jet production in early June – sources
Boeing Co is pushing to speed up assembly of its best-selling 737 jetliner the first week in June, two people familiar with the plan said on Monday, as it tries to keep up with soaring global demand and its European rival.
Most Asian stocks extend gains, dollar still backed by U.S. data
Recent U.S. data and the Federal Reserve’s dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals.
Citi says prosecution delay hampers defense in Australia cartel case with ANZ, Deutsche
Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank cannot properly respond to criminal cartel charges because they are still waiting for the prosecutor to detail its full case, a barrister for Citi told a packed …
Millions in cryptocurrencies frozen after Canadian founder’s death
About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December.
GE to complete spin off of transportation unit on February 25
General Electric Co said on Monday it expects to close the merger of its transportation business with Wabtec Corp on Feb. 25 and set a record date for distribution of shares.
