Seoul, South Korea
Asian stocks mostly fell today as the boost from China's surprise interest rate cuts faded while European markets were higher in early trading. Futures point to opening gains on Wall Street. Benchmark U.S. crude oil inched up to near $76 per barrel. The dollar retreated against the yen and the euro.
- Japan's central bank governor is urging companies to raise wages and investment to aid the country's efforts to overcome deflation. Haruhiko Kuroda told a group of businessmen in central Japan today that the central bank was committed to achieving a target of 2 percent inflation and that he expects companies to make their decisions based on that plan.
- People with disorders like Parkinson's have Google to thank for a new innovation that recently hit the market. Google has reinvented the humble spoon using hundreds of algorithms that allow people with essential tremors and Parkinson's Disease to eat without spilling. The technology senses the shaking and makes adjustments. In clinical trials the shaking was reduced by an average of 76 percent.
- ING Group NV, the Dutch bank, says it will cut 1,700 jobs, or 2.7 percent of its workforce, to cut costs. An additional thousand jobs will be lost at external suppliers. ING says the cuts are part of a move to expand its digital banking operations. The company will book a 320 million euro ($400 million) charge and expects to save 270 million euros annually from 2017. Earlier this month, ING paid back the last of a 10 billion euro bailout from the financial crisis of 2008.
- The Food and Drug Administration is announcing long-delayed calorie labeling rules today. The rules would require establishments that sell prepared foods and have 20 or more locations to post the calorie content of food "clearly and conspicuously" on their menus. Companies will have until November 2015 to comply. The regulations will also apply to convenience stores, bakeries, coffee shops, amusement parks and vending machines.