Euro crawls up from six-week lows on Italy budget speculation
The euro pulled ahead from a six-week low on Wednesday after a report that Italy plans to reduce its budget deficit in the coming years provided some relief to the battered currency.
Asia shares turn up, euro rebounds as reports temper Italian debt fears
Asian shares reversed early losses while the euro rebounded from six-week lows on reports Italy will cut its budget deficit at a faster pace than expected, raising hopes Rome could stave off a problematic debt blow-out.
Sharp makes long-awaited OLED foray, wary of big spending
Japan’s Sharp Corp unveiled its long-awaited move into the organic light-emitting diode (OLED) market on Wednesday as the Apple Inc supplier looks to catch rival Samsung Electronics Co Ltd .
Oil firm on Iran sanctions, but rising US supply and strong dollar drag
Oil prices were firm on Wednesday on expectations of a tighter market once U.S. sanctions start targeting Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains.
Asian shares ease, euro near six-week lows on Italian woes; gold jumps
Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy’s mounting debt and Rome’s budget plan set it on a collision course with the European Union.
Oil prices dip on rising U.S. supply, but Iran sanctions still loom
Oil prices dipped on Wednesday, weighed down by a report of rising U.S. crude inventories and an expected increase in production.
Hilton to double hotels in Africa in next five years: CEO
Hilton Worldwide Holdings plans to more than double its hotels in Africa in the next five years by mainly striking deals with existing hotels for conversion into its brand, its chief executive said.
Dollar near one-month high as Italy woes take toll on euro
The dollar stood near a one-month high against its peers on Wednesday as concerns as political wrangling over Italy’s budget plan rattled market sentiment and weighed on the euro.
Tesla must defend lawsuit alleging abuse of foreign workers
A federal judge has ruled that Tesla must defend itself at a trial over allegations it knew foreign workers at its California assembly plant were threatened with deportation if they reported an injury and worked long shifts that violated forced labor l…
Trade pact clause seen deterring China trade deal with Canada, Mexico
China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday….
