Asia stocks struggle as global woes persist, oil near two-month lows
TOKYO (Reuters) - Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Saudi crown prince proclaims investment conference despite boycott
RIYADH (Reuters) - Saudi Arabia's crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as "great - more people more money".
Fed's Bostic says comfortable with fourth rate hike following strong data
BATON ROUGE, La. (Reuters) - Falling stock prices, uncertainty around global trade and other possible "headwinds" are not enough yet to throw the U.S. economy off course or force the Fed to alter its intent for continued gradual rate increases, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.
Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder
CHICAGO/LONDON/ZURICH (Reuters) - A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors & Fragrances Inc
over two years, becoming the company's top shareholder, Reuters has learned.
Oil prices claw back previous losses as Iran sanctions return to focus
SINGAPORE (Reuters) - Oil prices on Wednesday clawed back some of their hefty losses from the day before as the looming U.S. sanctions against Iran came back into focus.
Inside S&P 500, most stocks in correction or bear market
(Reuters) - The S&P 500 may not yet be in correction territory, but the vast majority of the index's components have already gotten there.
For Fed, sell-off could point to fading Trump stimulus
NEW YORK/BATON ROUGE, La. (Reuters) - A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes.
Tariffs begin to take bite out of U.S. corporate earnings growth
NEW YORK (Reuters) - The easy money may be over.
Yen gives up early gains on improved risk appetites, May speech awaited
SINGAPORE (Reuters) - The yen relinquished Wednesday's early gains and weakened as risk appetites returned with Asian equity indices rising, despite trade tensions and weak U.S. corporate earnings
China inks free trade agreement MOU with Palestine
SHANGHAI (Reuters) - China has signed a free trade agreement memorandum of understanding (MOU) with Palestine, China's commerce ministry said on Wednesday in a statement posted on its official website.