Business

TOKYO (Reuters) – Asian stocks gained on Wednesday, while the dollar advanced as traders near-term focus shifted to the minutes of the Federal Reserve’s last policy meeting for hints on the future pace of U.S. monetary tightening. But spreadbetters expected European stocks to follow Wall Street’s lead and open lower, with Britain’s FTSE slipping 0.3
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TOKYO (Reuters) – Stock markets dipped after a long winning run on Wall Street ended overnight, while the dollar gained momentum on Wednesday as yields on U.S. Treasury debt headed for highs not seen in four years. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.15 percent. Japan’s Nikkei .N225 shed 0.2 percent.Australian
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NEW YORK (Reuters) – The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark. Walmart (WMT.N), the world’s biggest brick-and-mortar retailer, reported a lower-than-expected profit and posted a
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NEW YORK (Reuters) – A sharp drop in Walmart shares weighed heavily on the Dow and the S&P 500 on Tuesday to put a six-session winning streak in jeopardy, but gains in Amazon and technology stocks helped lift the Nasdaq. Walmart (WMT.N), the world’s biggest brick-and-mortar retailer, reported a lower-than-expected profit and posted a sharp
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(Reuters) – A steep fall in Walmart shares put the skids on the blue-chip Dow’s six-day winning streak, but gains in Amazon and technology stocks propped up the S&P 500 and the Nasdaq. The world’s biggest brick-and-mortar retailer (WMT.N) reported a lower-than-expected profit and posted a sharp drop in online sales growth during the holiday
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HONG KONG/LONDON (Reuters) – HSBC Holdings (HSBA.L) reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. Gulliver is stepping down after more than seven years at the helm of
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TOULOUSE, France (Reuters) – Airbus (AIR.PA) is not planning a larger A350 jet and will focus on developing existing versions of the widebody aircraft, an executive said on Tuesday. Last summer, the European planemaker shelved tentative plans for a bigger A350 that would compete more directly with Boeing’s (BA.N) new 777X plane currently under development.
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(Reuters) – Home Depot Inc’s (HD.N) quarterly profit beat market estimates for the sixth straight quarter as the No.1 U.S. home improvement chain drew in more shoppers who spent more on average amid an improving housing market. The company also increased its quarterly dividend by 15.7 percent to $1.03 per share. Sales at stores open
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LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox has strengthened its offer to protect the independence of Sky’s loss-making news channel in a bid to overcome regulatory concerns about the takeover of the parent company. Britain’s competition regulator has said that Fox’s $15.7 billion deal to buy the 61 percent of Sky it does not
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PARIS (Reuters) – Fashion labels may be falling over themselves to court young, smartphone-wielding shoppers, but there’s one millennial-inspired trend that is only catching on slowly: catwalk shows where clothes are available to buy instantly rather than months later. The timing of product drops is becoming an experimental battlefield for luxury goods companies juggling a
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HOUSTON (Reuters) – Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and gas production has spawned billions of dollars of new transport, gathering and storage projects. But the companies most responsible for these projects can allocate up to 50
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