Markets

Asian ADRs Edge Higher

American depository receipts of Asian stocks were trading 0.07% higher at 147.77 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by online game publisher Gravity (GRVY), and solar equipment provider SPI Energy (SPI), which rose 6.7% and 6.3% respectively.Read More

VALE S.A Gains 1%

VALE S.A is almost 1% higher after Fundacao Cesp, Brazil’s largest private-sector pension fund, said it is not in talks to sell all of part of its 200 million real ($62 million) stake in the iron ore producer. The fund issued a statement after newspaper Valor Economico published an interviewRead More

General Motors December US Retail Sales Grow From Year Earlier

General Motors said its sales to individual retail customers in the US rose more than 3% in December from a year earlier to 249,983 vehicles, its best GM December performance since 2007. US retail sales at its Chevrolet brand jumped 8%, the best December sales performance since 2005, the companyRead More

China Moves To Higher Diesel, Gasoline Standards In New Year

China said on Wednesday it is ready to sell gasoline and diesel manufactured to higher quality standards to help cut air pollution starting as planned in the New Year. In the buildup to the tougher standards, China’s refineries have upgraded units to make refined products equivalent to Euro V specificationsRead More

‘Rogue One’ Flies to Third-Biggest Opening of 2016

Walt Disney scored another weekend box office victory with the debut of the latest in the Star Wars franchise, “Rogue One: A Star Wars Story,” which zoomed to the year’s third-biggest opening. The film, which is the first stand-alone story in the franchise, earned $155 million in the domestic boxRead More

Jobless Claims Maintain Tight Levels Near 43-Year Lows

The 4,000 U.S. initial claims drop to 254,000 in the second week of December extended the 10,000 drop to 258,000 from 268,000 in the Thanksgiving week, as claims have entered December at a tight level. Claims are averaging 255,000 thus far in December after a particularly lean 252,000 November average,Read More