Reuters Asia Business

By Stephen Culp NEW YORK (Reuters) – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last …

Wall Street rallies on economic data, crude falls as stockpiles jump Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while hawkish comments from Federal Reserve officials this week also supported the greenback. The Institute for Supply Management said its non-manufacturing PMI rebounded last month …

Dollar rises vs yen; U.S. economic data, Fed officials’ comments supportive Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices slid about 4% on Wednesday, with losses accelerating after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd). Brent crude futures settled down $3.76, or 3.7%, at $96.78 a …

Oil falls 4%, pressured by surprise U.S. crude, gasoline build Read More »

By Maha El Dahan and Ahmad Ghaddar DUBAI/LONDON (Reuters) – OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback to U.S. President Joe Biden after his trip to Saudi Arabia to ask the producer group’s leader to pump more to help the United …

OPEC+ agrees tiny output rise in setback for Biden Read More »

By Satoshi Sugiyama TOKYO (Reuters) -A major affiliate of Japan’s Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed on Tuesday. The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on …

Toyota unit falsified emissions data from at least 2003, probe finds Read More »