China consumer day show skewers Nike shoes, Muji foods China consumer day show skewers Nike shoes, Muji foods:– China's annual consumer rights day TV show turned its spotlight on U.S. sports brand Nike Inc (NKE.N) for misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part […]
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Business
Dollar crunched by cautious Fed, bonds and commodities cheer Dollar crunched by cautious Fed, bonds and commodities cheer:- The dollar nursed painful losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signaled no pick-up […]
Fed raises rates as job gains, firming inflation stoke confidence Fed raises rates as job gains, firming inflation stoke confidence:- The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation […]
Oil drops to 3-month low, U.S. erases all gains since OPEC output cut Oil drops to 3-month low, U.S. erases all gains since OPEC output cut:- Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, […]
U.S. oil jumps after data shows surprise U.S. stock draw U.S. oil jumps after data shows surprise U.S. stock draw:- U.S. oil prices rose more than 2 percent in early Asian trade on Wednesday, recovering from a three-month low after industry data showed a surprise drawdown in U.S. crude stockpiles. […]
McDonald's, late to mobile ordering, seeks to avoid pitfalls McDonald's, late to mobile ordering, seeks to avoid pitfalls:- McDonald's Corp this month will begin testing its long-awaited U.S. mobile ordering app with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as […]
Asian stocks slip, Fed's decision day makes investors wary Asian stocks slip, Fed's decision day makes investors wary:- Asian stocks slipped on Wednesday as investors took profits before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with […]
Fed expected to raise rates as U.S. economy flexes muscle Fed expected to raise rates as U.S. economy flexes muscle:- The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally […]
Sterling slips as Brexit talks get green light, stocks advance before Fed Sterling slips as Brexit talks get green light, stocks advance before Fed:- Sterling slipped on Tuesday after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks advanced […]
Intel's $15 billion purchase of Mobileye shakes up driverless car sector Intel's $15 billion purchase of Mobileye shakes up driverless car sector:- Intel Corp (INTC.O) agreed to buy Israeli autonomous vehicle technology firm Mobileye (MBLY.N) for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into […]
