U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a supply glut.
Country
China offers ASEAN friendship, loans as South China Sea tension bubbles
China's Prime Minister Li Keqiang proposed a friendship treaty with Southeast Asian countries and offered $20 billion in loans on Thursday but held firm on the line that Beijing will only settle South China Sea disputes directly with other claimants.
Orix to buy software maker Yayoi for over $691 million
Japanese financial services provider Orix Corp (8591.T) said it would buy accounting software maker Yayoi Co from private equity firm MBK Partners for more than 80 billion yen ($691 million), as it tries to expand its customer base into smaller companies.
Japan firms overwhelmingly want Abe to delay tax hike - Reuters poll
Japanese companies overwhelmingly want Prime Minister Shinzo Abe to delay or scrap a planned tax increase, a Reuters poll shows, highlighting concerns that it could derail a fragile economic recovery.
Ukraine must buy coal from Russia to get through winter: energy ministry
Ukraine will be forced to buy coal from Russia to get through the winter, a serious setback to the country's efforts to lessen energy dependence on its powerful neighbor, Ukrainian Energy Minister Yuri Prodan said on Wednesday.
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Comcast Corp's (CMCSA.O) merger with Time Warner Cable Inc (TWC.N) is going "full steam ahead" despite uncertainty around new rules governing net neutrality, Comcast Chief Executive Officer Brian Roberts told reporters on Wednesday.
President Barack Obama plans to nominate Antonio Weiss, a top official at investment bank Lazard (LAZ.N), to be under secretary of the Treasury for domestic finance, the White House said on Wednesday.
Network equipment maker Cisco Systems Inc forecast current-quarter profit below analysts' average estimate, weighed down by capital budget cuts at telecom service providers and weak sales in emerging markets.
Asian shares slipped slightly on Thursday as investors looked to a run of Chinese economic indicators due later in the day, while Wall Street shares ended a five-day winning streak as falling oil prices hurt energy stocks.
Charles I. Plosser , President and Chief Executive Officer of Federal Reserve Bank of Philadelphia spoke on The US Economic Outlook and Monetary Policy at UBS European Conference, London, England today.
At least two top-10 Yahoo Inc (YHOO.O) shareholders are so unhappy with Chief Executive Marissa Mayer's turnaround efforts that they are making a direct plea to AOL Inc (AOL.N) CEO Tim Armstrong to explore a merger and run the combined company.
The United States and China announced a largely symbolic plan on Wednesday to implement new limits on carbon emissions, the highlight of a summit between Barack Obama and Xi Jinping in which both leaders played down suggestions of differences and rivalry.
Alibaba Group Holding Ltd's (BABA.N) finance services arm "will definitely go public," Executive Chairman Jack Ma said on Tuesday, eyeing a mainland China listing for the e-commerce company's crown jewel.
American Airlines Group Inc (AAL.O) will not add seats to the largest jets flown by its regional carriers, saying it is more important for new management to build trust with pilots than to increase revenue, Bloomberg reported.
