Business News
Asian stocks, dollar slip as Trump caution outweighs China GDP1/20/2017 2:44:47 AMSINGAPORE - Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.Fed's Yellen says unwise to allow U.S. economy to run 'hot'1/20/2017 2:32:07 AMPALO ALTO, Calif. - With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Federal Reserve Chair Janet Yellen said on Thursday.IBM revenue fall dims upbeat profit forecast1/19/2017 11:46:42 PM - International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.China GDP beats expectations but debt risks loom1/20/2017 5:22:58 AMBEIJING - China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent year.Investors curb their enthusiasm ahead of Trump era1/19/2017 9:49:48 PMNEW YORK - A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations.Bain, Permira interested as Toshiba flags chip business stake sale: Kyodo1/20/2017 2:24:34 AMTOKYO - Japan's struggling Toshiba Corp has started the process to sell a minority stake in its flash memory chip business worth several billion dollars, and funds Permira and Bain Capital have expressed interest, Kyodo news agency reported.Exclusive: Aon nears $4.5 billion sale of benefits outsourcing unit - sources1/19/2017 3:54:58 PM - Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday.AmEx profit misses estimates on higher marketing spend1/19/2017 11:14:00 PM - American Express Co posted a lower-than-expected quarterly profit on Thursday as the credit card issuer boosted spending on marketing and promotion to fend off rising competition.China extends Hollywood push with $1 billion Paramount investment1/20/2017 4:41:35 AMNEW YORK - Viacom Inc's Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, giving the U.S. studio much-needed cash and support as it attempts to grow.Indonesian watchdog says former Garuda CEO a bribery suspect1/20/2017 3:22:01 AMJAKARTA - Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case.