Asian shares wobbled on Monday after dismal Chinese trade figures fueled concern over a slowdown in the world's second largest economy, while solid U.S. jobs data were a mixed blessing as they raised chances of a U.S. interest rates hike mid-year.
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Commodity-dependent currencies hold gains, eyes on Greece
Commodity price-dependent currencies such as the Australian dollar and Norwegian crown were the main movers on major foreign exchange markets on Tuesday, gaining up to a third of a percent on talk of more economic stimulus in China.
Asia slips amid Greek exit worries, dollar flags
Asian equities slipped on Tuesday as nervousness over Greece potentially withdrawing from the euro and escalating conflict in Ukraine sapped risk appetite, while the dollar lost steam after its payrolls-inspired rally.
Wall St. ends down on Greece, China worries
U.S. stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.
Alibaba places China smartphone business bet with $590 million Meizu deal
China's Alibaba Group Holding Ltd is taking a $590 million stake in an obscure domestic smartphone maker as the e-commerce giant tests ways to expand its mobile operating system in a shrinking, cut-throat handset market.
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Several top investors in Twenty-First Century Fox Inc are pressing for the right to swap their voting shares for ordinary shares, which are trading at an unusual premium, even though the move could hand even more control of the company to Rupert Murdoch, according to people familiar with the matter.
The dollar and U.S. government debt yields jumped on Friday as a strong American labor market report raised expectations that the Federal Reserve will increase interest rates by mid-year.
The good news from Friday's jobs report may already be reflected in the prices of the smallest U.S. stocks. With nearly all of their revenue coming from the United States, the companies in the Russell 2000 should be the most obvious beneficiaries of a growing U.S. economy.
Wall Street stocks fell on Friday as a better-than-expected U.S. jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece's debt negotiations added to the bearish tone.
European stocks dipped on Friday, with regional indexes pausing just below recent multi-year highs as investors looked to the January U.S. non-farm payrolls report due later in the session.
Hyundai Motor Co's chairman and his son sold $1.1 billion worth of shares in logistics firm Hyundai Glovis Co Ltd, finding success in their second attempt at a sale after committing to a long lock-up period for their remaining stakes and slashing the price.
News Corp (NWSA.O), owner of the Wall Street Journal and HarperCollins, reported quarterly revenue and a profit just above analysts' consensus forecast as its book publishing and real estate businesses offset dwindling print revenue.
Asian shares edged higher in early trade on Friday and oil prices continued to rebound, even as investors remained wary ahead of the key U.S. nonfarm payrolls report for January later in the session.
Ireland's finance minister said on Wednesday Goldman Sachs (GS.N) is advising the Irish state free of charge on the sale of one of its banks in order to boost its reputation and was one of five investment banks to offer to work pro bono.
