Asian shares turn lower on guarded Fed, yen rises after BOJ

Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury yields rose broadly and the... Read More

Trump and California go to war over clean cars

Trump and California go to war over clean cars
WASHINGTON (Reuters) – U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers. In a morning flurry of tweets, Trump confirmed he will revoke... Read More

Asian shares edge higher after Fed, investors await BOJ

Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2,... Read More

Purdue Pharma seeks to halt opioid suits against company, Sacklers

Purdue Pharma seeks to halt opioid suits against company, Sacklers
FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, U.S., May 9, 2019. REUTERS/George Frey/File Photo (Reuters) – OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the... Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon On Wednesday, a major... Read More

AT&T explores parting ways with DirecTV unit: Wall Street Journal

AT&T explores parting ways with DirecTV unit: Wall Street Journal
The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid (Reuters) – AT&T is exploring parting from its DirecTV unit, the Wall Street Journal reported, citing people familiar with the matter. The wireless carrier’s shares rose 1.5% in after-market trading. AT&T... Read More