Today's Top Story
Asian shares rattled by rising U.S. yields, cost worries
TOKYO (Reuters) - Asian shares fell on Wednesday as a rise in U.S. bond yields above 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that a boom in corporate earnings may be near its peak. Read More
Business News
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Shire willing to back $64 billion Takeda bid but market signals doubts
LONDON/NEW YORK/TOKYO (Reuters) - Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company this year.
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Amazon.com plays catch-up in Brazil as local rivals thrive
SAO PAULO (Reuters) - Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted a bargain-priced sandwich press from local retailer Magazine Luiza SA.
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GM, South Korea weigh raising investment plan in unit from $2.8 billion: source
SEOUL (Reuters) - General Motors
and South Korea are considering increasing the size of their investment in the U.S. automaker's local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. - More Business News»
Economic News
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Asian shares rattled by rising U.S. yields, cost worries
TOKYO (Reuters) - Asian shares fell on Wednesday as a rise in U.S. bond yields above 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that a boom in corporate earnings may be near its peak.
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Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.
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Oil dips away from late-2014 highs as rising U.S. supply clouds bull-run
SINGAPORE (Reuters) - Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.
- More Economic News»
Money News
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Global banks fear China will limit JV control through new rules
HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
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Credit Suisse delivers best quarter since Thiam's revamp
ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business.
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DoubleLine's Gundlach says U.S. Treasuries 'not attractive'
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield
- More Money News»
