Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Asian stocks were mixed on Tuesday as the dollar remained soft amid uncertainty over U.S. President Donald Trump's policies and his withdrawal from the Trans-Pacific Partnership trade deal.
Withdrawing from the TPP agreement was a promise Trump made in his presidential campaign, saying it would protect American workers. The 12-nation trade deal was negotiated by former President Barack Obama's administration as a key pillar in his pivot to Asia.
Meanwhile, Trump also told business leaders on Monday that his administration could cut regulations by 75 percent or "maybe more" although further details were not given.
"Investors are nervous due to Trump's protectionism policies and their hope is that his tax cut policies could perhaps save the day for them," said Naeem Aslam, chief market analyst at ThinkMarkets, in a note on Tuesday.
The greenback fell against a basket of currencies, dipping below 100 intraday, a low not seen since mid-November, and inching up to 100.21 in afternoon trade in Asia.
"Unwinding free trade agreements and imposing border taxes is seen by markets as a negative for the dollar," said Ric Spooner, chief market analyst at CMC Markets, in a note on Tuesday.
Media reports also cited U.S. Treasury Secretary-designate Steve Mnuchin's comments that the "excessively strong dollar may have negative short-term implications on the economy" as a reason for the dollar's drop.
But analysts noted that the comments needed context as media reports said the remarks were from a written response to a senator's question about a hypothetical scenario of a 25 percent rise in the dollar.
In South Korea, the Kospi closed unchanged at 2,065.76 after a choppy session.
Samsung Electronics was up 0.26 percent to 1,908,000 won each shareafter it reported fourth-quarter operating profit rose 50 percent to 9.22 trillion won ($7.93 billion), in line with guidance, as record earnings in its semiconductor business outweighed the negative impact of its fire-prone Galaxy Note 7 models.
Samsung's revenue remained flat at 53.3 trillion won from the previous year, and it also announced a share buyback plan worth 9.3 trillion won this year.
LG Display fell 2.31 percent to 31,750 won a share, after it announced plans to sell its entire stake in LG Siltron for 620 billion won ($533.5 million). The LCD panel maker also announced early Tuesday that its 2016 operating profit fell 19 percent from a year earlier at 1.3 trillion won ($1.12 billion).
Japan's was down 0.55 percent or 103 points at 18,787.99, extending the previous session's declines of more than 1 percent.
Takata shares tumbled 6 percent to 439 yen each, recovering from earlier losses of more than 13 percent, on worries of court involvement in its Japanese business plans. Since last Wednesday's close, Takata shares have lost 49 percent.
The embattled airbag maker is in the process of selecting a financial backer as it faces heavy costs to replace approximately 100 million potentially defective airbag inflators that have been linked to several deaths globally.
Potential bidders for Takata favor a court-led turnaround of its Japanese operations, which is a strategy the company opposes, Reuters reported.
In mainland China, the closed up 0.2 perecnt or 6.31 points at 3,143.09 while the Shenzhen composite ended down 0.30 percent or 5.69 points at 1,896.45. Hong Kong's was up 0.28 percent by the afternoon.
Down Under, the ASX 200 ended up 0.72 percent or 40.63 points at 5,651.6, buoyed by strength in its materials sub-index, up 2.65 percent. Base metal prices had jumped overnight in the U.S. as the dollar weakened and on hopes that the Trump administration would boost infrastructure spending, Reuters reported.
Malaysia-based AirAsia shares were up 0.82 percent at 2.46 Malaysian ringgit per share, after falling more than 5 percent during Monday's session. The low-cost carrier denied wrongdoing related to a corruption scandal at Rolls-Royce over bribery allegations first reported by the Financial Times.
The pound/dollar pair was higher at $1.2505, compared to levels as low as 1.2256 last week, ahead of the U.K. Supreme Court's decision on whether Prime Minister Theresa May can use her executive powers to invoke Article 50 and begin the Brexit process.
The slipped 0.14 percent to close at 19,799.85, while the S&P 500 fell 0.27 percent at 2,265.2 and the closed down 0.04 percent at 5,552.94.