Business

Asian stocks mostly rise on hopes for higher United States rates

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as traders looked to August US nonfarm payrolls due on Friday after a run of strong economic data and hawkish comments from Fed officials. Housing credit rose 0.5%, unchanged from June. The euro inched up 0.1% to $1.1158, down 0.1% for August. A weaker yen boosted Japan's exporters, sending the Nikkei stock index 2.3 percent higher at the close.

Business

Applications for unemployment benefits slipped last week

More broadly, jobless claims touched a four-decade low in April and have hovered modestly above the level for most of the spring and summer. This represents a decrease of 4,000 from the prior week's 263,000 reading. The four-week moving average for claims now sits at 261,250, down from last weeks' 263,000. With the labor market near full employment and the economy's recovery from the 2007-09 recession showing signs of aging, the slowdown in job growth is normal.

Business

HP waves goodbye to its software side in $8.8 billion deal

HPE CEO Meg Whitman is trying to create a company better able to compete with Dell Technologies, following its just-completed acquisition of EMC, as well Cisco and IBM , as large companies shift spending to cloud computing services. The accord with Micro Focus, a multinational software firm based in Newbury, United Kingdom, was reported together with HPE's recent quarterly earnings.

Business

Videocon Mobiles ties up with Reliance Jio to the Welcome Preview Offer

There has been a war of words going on between the industry body COAI and Jio, since Reliance announced its full fledged services roll out. "Freebies can not be extended beyond 90 days". This will result from a potentially double traffic from Jio, than their own network. Ambani is said to have constructed almost 100,000 telecoms towers across India and estimates that Jio already covers some 18,000 cities and 200,000 villages.

Business

Walgreens (WBA) Stock Climbs on Rite Aid Deal Asset Sale

The next fiscal year earnings is scheduled to be released on 2017-05-09. Latest analyst recommendations could offer little help to investors. Walgreens Boots Alliance (WBA) is the first global pharmacy-led, health and wellbeing enterprise.

Business

Chancellor Hammond confirms Autumn Statement date

Yet he also hinted that any fiscal stimulus may be limited. "I don't think that needs to strike fear into the heart of Japanese financial institutions". In July, he prompted speculation that he might be planning a major increase in spending big tax cuts when he made the comment about a possible reset of fiscal policy.