Business

SYDNEY (Reuters) – Asian shares rose on Wednesday, tracking Wall Street’s rally to all-time highs, while the euro hovered near a 10-day peak after Catalonia’s leader talked down immediate plans to secede from Spain, easing near-term concerns about euro zone instability. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS nudged 0.24 percent higher to
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SYDNEY (Reuters) – Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in
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WASHINGTON (Reuters) – The U.S. Commerce Department has notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent, affirming Boeing Co’s complaint that the Canadian company received illegal subsidies and dumped the planes at “absurdly low” prices. The decision underscored the defensive trade policy of U.S. President Donald Trump, and could
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WASHINGTON (Reuters) – U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. The Labor Department said on Friday nonfarm payrolls decreased by 33,000 jobs last month
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PARIS (Reuters) – French carmaker Renault (RENA.PA) pledged to deliver a 44 percent sales increase by 2022 as it expands its car lineup for emerging markets and extends its low-cost edge into hybrid and electric cars. Renault is expected to grow faster than Nissan (7201.T), according to the mid-term plan unveiled on Friday, as it
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(Reuters) – Costco Wholesale Corp’s (COST.O) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading. Investors are wary that Costco’s business model, which mainly generates revenue through a niche membership
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