Asian shares ease from highs, reaction to impeachment muted
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed U.S. crude inventories had dropped while output cuts by major producers kept supply snug.
The dollar took in stride the impeachment of U.S. President Donald Trump on Thursday while its Australian counterpart rallied after a surprise fall in the country's unemployment rate.
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker.
The dollar rose on Tuesday amid concerns about Britain's setting a hard deadline to reach a new trade deal with the European Union, while global equity markets gained, lifted by a resurgent U.S. housing market that bodes well for the economy.
House lawmakers were able to set aside their differences late Monday and revive a package of expired tax breaks known as "tax extenders." Here are the deductions and credits that might be back in play.
As ESG or socially responsible investing grows in popularity, SEC Commissioner Hester Peirce is among those calling for greater oversight.
Wall Street stocks inched higher on Tuesday, extending their record-setting rally, as strong housing and manufacturing data bolstered investors' confidence in the U.S. economy.
Boeing Co's decision to stop production of its best-selling 737 MAX aircraft involved in two fatal crashes will impact U.S. economic growth and employment, but the pain may be brief and concentrated in areas where suppliers are located, analysts and executives say.
The U.S. Federal Aviation Administration (FAA) needs to improve its oversight to address maintenance issues at Allegiant Air, the 11th largest U.S. carrier, according to a report seen by Reuters on Tuesday.
China's Dongfeng Motor will have a reduced stake of around 4.5% in the new group resulting from the merger between Peugeot owner PSA and rival Fiat Chrysler , two sources said on Tuesday.
Half a million washing machines manufactured by Whirlpool Corp and sold in Britain are to be recalled following an order from the country's safety regulator which found they pose a fire risk.
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Lawmakers are poised to severely curtail the "stretch IRA," a strategy allowing wealthy Americans to leave sizable inheritances to beneficiaries who can then tap those assets for decades.
The House on Tuesday passed a $1.4 trillion spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and the amount they put away.