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.
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.
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.
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.
Mexico's senate ratifies sweeping Asia-Pacific trade deal
MEXICO CITY (Reuters) - Mexico's Senate on Tuesday voted to ratify a Asia-Pacific trade agreement, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.
After Carney surprise, chance of May BoE rate hike down but not out
LONDON (Reuters) - Bank of England Governor Mark Carney surprised investors last week when he hinted that interest rates might not go up next month - but economists say it would be wrong to rule out an increase.
Kering, Credit Suisse earnings fail to boost European shares
LONDON (Reuters) - European shares declined on Wednesday in early deals as worries over rising bond yields trumped a slew of well-received earnings updates from Kering and Credit Suisse, while Shire bounced after accepting an improved offer from Takeda.
'Small-town kids' shape future of China's consumption
XINXIANG, China (Reuters) - The bright lights of Beijing or Shanghai have never held much allure for Wu Tongxu, a 24-year-old civil servant earning a modest salary in the nondescript city of Xinxiang in China's central Henan province.
ECB has room to move away from bond buys: Vasiliauskas
FRANKFURT (Reuters) - Solid growth provides room for the European Central Bank to transition away from bond purchases but normalization should be gradual and policy moves should be well telegraphed, Lithuanian policymaker Vitas Vasiliauskas said in a magazine article.
World Cup may boost Russia GDP by 150-210 billion rubles: organizing committee
MOSCOW (Reuters) - The soccer World Cup could boost Russia's gross domestic product (GDP) by 150 billion to 210 billion rubles ($2.43 billion-$3.40 billion) over the next five years, according to a study by the tournament's organizing committee released on Wednesday.