Asia Stocks Hit Five-Week High After Cautious Yellen Remarks
Even though traders speculated that a rate hike in June or July was unlikely, a largely upbeat assessment of the U.S. economy cheered markets.
Brent Crude Down From Seven-Month High, But Momentum Seen Strong
Brent oil prices inched lower on Tuesday after hitting a seven-month high a day earlier.
Genentech, OSI To Pay $67M Over Drug Claims: US Justice Department
The pharmaceutical companies will resolve allegations they made misleading claims about the lung cancer drug Tarceva, the U.S. Justice Department said.
US Fighter Jets Bomb 16 More ISIS Targets In Syria, Iraq: US Admiral
Now in their fourth day, the strikes from the Mediterranean have opened a new front in the U.S. air campaign against the militant group.
T-Mobile US Inc. (TMUS) Giving Customers Company Stock, Free Pizza, In Latest Promotion From ‘Un-Carrier’
The “T-Mobile Tuesdays” app gives customers free weekly gifts such as food, movie tickets and ride shares.
EU Sees Progress On Greek Reform, ‘95 Percent’ Of Work Done To Unlock Funds
To qualify for funds, lawmakers approved tax rises and pension reforms, and freed up the sale of bad loans.
Supreme Court Rejects Google Appeal In Class Action Dispute
The court’s decision not to hear the case leaves in place a lower court ruling that the litigation could move forward as a class action representing advertisers who used the service between 2004 and 2008.
Obama Close To Endorsing Clinton For Democratic Presidential Nominee: Media
The expected Obama endorsement, reported by The New York Times and CNN, would come as a welcome boost to Clinton and to Democrats.
Martin Shkreli, Ex-Turing Pharmaceuticals CEO, Pleads Not Guilty To Additional Criminal Charge
On Friday, prosecutors accused Shkreli of trying to conceal from investors his control over shares in Retrophin Inc.
Supreme Court To Hear Appeals By Two Black Texas Death Row Inmates
Both cases involve convicted murderers in Texas, the state that executes more death row inmates than any other.
Brexit Worries Drag UK Pound To Fresh Lows After Polls Show Growing Support For UK Leaving EU
New polls show growing support for the United Kingdom leaving the European Union.
US-Backed Force Says Islamic State Fleeing Syrian City
U.S.-backed groups have reportedly advanced to within 4 miles of Manbij city in an attack that has killed more than 150 militants.
US Navy Slaps Drinking Ban On 18,600 Sailors In Japan, Ends Liberty
The move comes after police arrested a U.S. sailor on the island of Okinawa on suspicion of drunk driving following a car crash.
Taiwan Says Won't Recognize Chinese Air Defense Zone Over South China Sea
Beijing has reportedly planned an air defense zone over the disputed South China Sea, a move that Taiwanese officials said would usher in a wave of regional tension.
Mexico Ruling Party Takes Early Lead In Regional Election Battle
Deep discontent over graft scandals and a sluggish economy have made a fiery leftist former mayor of Mexico City looking like the man to beat.
Stumbling Dollar, Nigeria Sabotage Push Brent Crude To $50 Per Barrel
Traders said frequent attacks on oil infrastructure in Nigeria, which has already pulled the country's output to over 20-year lows, were also supporting oil prices.
BlackRock Agrees To Sell Singapore Office Tower To Qatar Fund For $2.5B
Asia Square Tower 1, located in the city-state’s financial district, has over 1.25 million square feet of net rentable area and has Citigroup Inc. as its anchor tenant.
Asian Shares Rise, Dollar Nurses Losses After Jobs Shock
U.S. nonfarm payrolls rose by just 38,000 last month, the smallest increase since September 2010 and well shy of expectations for a rise of 164,000.
Stumbling Dollar Lifts Oil Prices, But Uptick In US Drilling Caps Gains
Traders said higher oil prices Monday were largely a result of a sharp fall in the dollar on Friday, when the greenback lost over 1.5 percent intraday against other leading currencies.
As Iran’s Oil Exports Surge, International Tankers Help Ship Its Fuel
The country is seeking to make up for lost trade following the lifting of sanctions imposed in 2011 and 2012 over its nuclear program.
Italy’s 5-Star Takes Big Lead In Rome Mayoral Election
The anti-establishment 5-Star Movement took a large lead in the first round of voting in a possible blow to Prime Minister Matteo Renzi.
American Journalist, Translator Killed In Afghanistan
NPR’s David Gilkey and Afghan translator Zabihullah Tamanna were in an Afghan army Humvee when it was struck by a rocket during a Taliban ambush, officials said.
NY Fed First Rejected Cyber-Heist Transfers, Then Moved $81M
On the day of the theft in February, the New York Fed initially rejected requests to transfer funds from Bangladesh Bank to various overseas accounts, Reuters reported.
Vietnam, South Korea May Buy Lockheed Planes Amid Chinese Buildup
The Obama administration's move to completely lift its arms embargo on Vietnam last month paved the way for such a sale, but any deal would still be reviewed by the U.S. government.
1 Dead, Thousands Evacuated After Blast At Sri Lankan Armory
Explosions at an army camp 20 miles east of the capital, Colombo, continued for more than five hours and were heard more than 7 miles away, residents said.
Saudi Reform Plan Approved By Top Economic Council
The plan is expected to flesh out details of a restructuring of the kingdom's entire economy and make it less dependent on oil revenue.
Whole Foods Shares Poised For Rebound: Barron’s
Same-store sales are expected to decline at a slowing pace over the current and next quarter before returning to growth.
Storms Threaten East Coast; Florida Under Tropical Storm Warning
National forecasters issued a tropical storm warning after a tropical depression formed about 125 miles northwest of Cozumel, Mexico.
Number Of Migrant Bodies Found On Libyan Coast Rises To 133: Red Crescent
Migrants hoping to reach Italy from Libya pay hundreds of dollars to traffickers for a place in a boat, which are often flimsy and ill-equipped for the journey.
Eyes On Yellen For Rate-Hike Signals After Payroll Data Shocks
Shockingly weak payroll data on Friday showed U.S. employers added only 38,000 jobs in May, killing off chances for a Fed rate hike this month.