Dollar gets altitude sickness as BOJ disappoints
LONDON (Reuters) – The dollar sank as much as half a percent against a basket of major currencies on Friday, hurt by a resurgence of the yen after the Bank of Japan opted for tweaks rather than an outright expansion of its monthly asset purchase target…
Fosun Chairman Guo Guangchang in United States: sources
SHANGHAI (Reuters) – Fosun International’s Chairman Guo Guangchang has traveled to the United States, two company executives said on Friday, suggesting that Chinese authorities were not restricting the movement of the billionaire.
Asian shares dip but on track for weekly gain
SINGAPORE/TOKYO (Reuters) – Asian shares took their cue from Wall Street and slipped on Friday, and Japanese stocks slumped after briefly jumping on the central bank’s statement that it would expand parts of its stimulus program.
Mainstream organic food hurts specialty grocers; Fairway hardest hit
NEW YORK (Reuters) – Two years after going public as a fund managers’ favorite, New York City-area specialty grocer Fairway Group Holdings Corp now sees its shares selling for less than a pack of organic gum.
Exclusive: CACI in the lead to buy Lockheed’s IT business – sources
(Reuters) – Defense contractor CACI International Inc has emerged as the top contender for Lockheed Martin Corp’s government information technology (IT) business, as the interest of rival bidders fades, people familiar with the matter said.
Las Vegas Sands CEO Adelson says Macau gaming market near bottom, sees 2016 turnaround
MACAU (Reuters) – Gambling giant Las Vegas Sands Corp’s Chief Executive Sheldon Adelson said on Friday that a long-term slide in Macau’s gaming market is close to bottoming out, with a turnaround in sight in 2016 after 18 consecutive months of declines…
Shell calls for tougher regulation of Dubai oil benchmark
HOUSTON/BENGALURU (Reuters) – Royal Dutch Shell PLC on Thursday called for tougher regulation of the Dubai crude benchmark, the Middle East’s most important oil-pricing mechanism, after record trade volumes skewed prices.
Equities drop on energy weight; dollar climbs
NEW YORK (Reuters) – U.S. stocks led a decline in most equity markets around the globe on Thursday, a day after the Federal Reserve’s first interest rate hike in nearly a decade, as continued pressure on oil weighed on the energy sector.
Vilified for drug pricing, CEO Shkreli busted for securities fraud
NEW YORK (Reuters) – Martin Shkreli, the boyish pharmaceutical entrepreneur who caused a public uproar after he drastically raised the price of a life-saving prescription drug, was arrested on Thursday for engaging in what U.S. prosecutors said was a P…
Dollar gains traction, BOJ next up to the plate
SYDNEY (Reuters) – The U.S. dollar stood at its highest in two weeks against a basket of currencies early on Friday, having made a decisive move a day after the Federal Reserve delivered a long-awaited hike in interest rates.
