TOKYO (Reuters) - Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.53% to the highest
MILAN/PARIS (Reuters) - Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Fiat Chrysler (FCA) and PSA
TOKYO (Reuters) - Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks. Brent crude futures were up
By Andrea Shalal, Steve Holland and Lusha Zhang WASHINGTON/BEIJING/SINGAPORE (Reuters) - Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was canceled because
SYDNEY/CHICAGO (Reuters) - Qantas Airways Ltd (QAN.AX) and Southwest Airlines Co (LUV.N) are stepping up checks for structural cracks on Boeing Co (BA.N) 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said. The cracks are on what is
NEW YORK/KUALA LUMPUR (Reuters) - The U.S. Justice Department on Wednesday reached its biggest civil forfeiture deal in agreeing to recover almost $1 billion in funds Malaysian financier Jho Low and his family had allegedly misappropriated from Malaysian state fund 1MDB. U.S. authorities say about
KUALA LUMPUR (Reuters) - Fugitive financier Jho Low is ready to address issues related to the 1MDB scandal in Malaysia or elsewhere, a spokesman from the Wells Haslem Mayhew Strategic Public Affairs agency who handles press matters on behalf of Low said on Thursday. The
HONG KONG/NEW YORK (Reuters) - Alibaba Group Holding Ltd (BABA.N) is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on
WASHINGTON (Reuters) - The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn
WASHINGTON (Reuters) - Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another. For a while on Wednesday afternoon reporters and investors did just that, as they parsed the Federal Reserve’s statement
