Category Archives: Business

Asia jumps as cautious Fed lifts risk appetite, dollar on defensive

By Shinichi Saoshiro TOKYO (Reuters) – Asian shares gained across the board on Thursday & the dollar was on the defensive after suffering substantial losses as risk appetite revived after…

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Fed seen holding rates steady as it faces fine balancing act

By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns approximately the health of the global…

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Drugmaker Valeant faces debt default risk; shares plunge 50 percent

By Rod Nickel & Caroline Humer (Reuters) – Valeant Pharmaceuticals International Inc's <VRX.TO> shares plunged 50 percent on Tuesday after the company said a delay in filing its annual report…

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Yen gains, Asian stocks at session lows after BOJ holds steady

By Saikat Chatterjee HONG KONG (Reuters) – The yen advanced against the dollar & Asian stocks languished near the day's lows on Tuesday, after the Bank of Japan held policy…

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Bill Gross is cleared to pursue $200 million Pimco lawsuit

By Jonathan Stempel & Jennifer Ablan (Reuters) – Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment…

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