The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Barney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in...Invest in You: Ready. Set. Grow.read more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
* Asian stock markets : https://tmsnrt.rs/2zpUAr4
* Asian markets mostly firmer, Nikkei lags in early trade
* Markets wager Fed Chair Powell will sound dovish enough
* Dollar supported as Treasury yields edge up from lows
SYDNEY, July 10 (Reuters) - Asian shares inched ahead on Wednesday while higher Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. policy easing this month.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2%, after three sessions of losses.
South Korea climbed 0.6%, but Japan's Nikkei lagged with a loss of 0.15%. E-Mini futures for the S&P 500 added a slim 0.08%.
Federal Reserve Chair Jerome Powell testifies before the U.S. Congress on Wednesday and Thursday and investors have a lot riding on him sounding suitably dovish.
Futures are still fully priced for a 25-basis-point cut at the Fed's July 30-31 meeting, but have abandoned wagers on a half-point move. They had implied a 25% probability of an aggressive cut before Friday's upbeat jobs report.
"We still think the odds favour of a 25 bps "insurance" cut," said Kevin Cummins, a senior U.S. economist at NatWest Markets.
"The Fed's consideration of rate cuts is not only about growth but also about inflation, which remains well below target, and inflation expectations, which were breaking to the downside before the Fed signalled the likelihood of cuts."
Overnight, Atlanta Fed bank president Raphael Bostic let nothing out of the bag by saying the central bank was debating the risks and benefits of letting the U.S. economy run "a little hotter."
Lurking in the background, U.S. and Chinese trade officials held "constructive" talks on trade by phone on Tuesday, White House economic adviser Larry Kudlow said.
Wall Street had been dully circumspect, with the Dow ending Tuesday down 0.08%, while the S&P 500 added 0.12% and the Nasdaq 0.54%.
The cooling in U.S. rate fever has seen bonds give back just a little of their huge rally, with yields on two-year Treasuries rising to 1.909% from the recent trough of 1.696%.
That in turn has helped the dollar bounce on a basket of currencies to 97.537 from a June low of 95.843.
The dollar also firmed to 108.96 yen, while the euro faded to $1.1204 having been as high as $1.1412 just a couple of weeks ago.
The Mexican peso was nursing a few bruises after sliding on Tuesday when the country's moderate Finance Minister Carlos Urzua suddenly resigned, citing "extremism" in economic policy.
The Canadian dollar was on the defensive ahead of a rate meeting by the Bank of Canada in case policy makers tried to slow the currency's recent rally.
The dollar's gains took the shine off gold, which eased 0.3% to $1,393.14 per ounce.
Oil prices were supported by Middle East tensions and OPEC supply cuts.
Brent crude futures rose 67 cents to $64.83, while U.S. crude gained 83 cents to $58.66 a barrel.
(Editing by Shri Navaratnam)