The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
Adobe's quarterly guidance was light, but the stock still went up after its fiscal third quarter results beat expectations.Technologyread more
TOKYO, Sept 9 (Reuters) - Japanese shares hit a 5-1/2-week closing high on Monday, supported by hopes that stimulus from the world's largest economies would help stave off a global recession.
The benchmark Nikkei average ended 0.56% firmer at 21,318.42, while the broader Topix rose 0.91% to 1,551.11 - their highest closing levels since Aug. 2.
"Three big worries for financial markets - namely, the U.S.-China trade war, Brexit jitters and Hong Kong protests - have retreated and contributed to the risk-on sentiment," said Masayuki Kubota, chief strategist, Rakuten Securities.
Global equity markets received a lift after China's central bank said on Friday it was cutting the amount of cash that banks must hold as reserves, releasing liquidity to shore up a slowing economy dragged down by the Sino-U.S. trade war.
Risk sentiment also improved as U.S. Federal Reserve Chairman Jerome Powell said on Friday that the central bank will continue to act "as appropriate" to sustain the economic expansion in the world's biggest economy.
However, broader stock market gains were tempered in the wake of lackluster economic data - U.S. job growth slowed more than expected in August, while earlier on Monday data showed Japan's economy grew at a slower pace than initially estimated in the second quarter.
All of Tokyo's 33 sub-sectors ended in positive territory, with oil and coal products and construction stocks among the top performing sectors, up 1.6% and 1.5%, respectively.
Elsewhere, regional bank shares rallied broadly, buoyed by growing speculation of further consolidation in the industry after SBI Holdings and Shimane Bank announced a capital tie-up plan on Friday.
Tsukuba Bank ended 9.8% firmer, Tochigi Bank soared 9.2% and Bank of Kochi Ltd advanced 4.6%, while Shimane Bank, which jumped by daily limit of 16.4% in the previous session, added 1.6%. SBI Holdings closed 1.2% higher.
Bucking the broad market trend, Nissan Motor dipped 0.2% after the Nikkei newspaper reported Chief Executive Hiroto Saikawa as saying he wanted to "pass the baton" to the next generation as soon as possible.
A source told Reuters the carmaker's nominating committee will discuss Saikawa's resignation and possible successors on Monday. (Reporting by Tomo Uetake; Editing by Shri Navaratnam and Sherry Jacob-Phillips)