HONGKONG(Reuters)-MostAsianstockmarketsedgedhigheronThursdayonhopesofasteadyeconomicrevivalinChinaalthoughoilgavebacksomeoftheprevioussession'sstronggainsasinvestorstooksomemoneyoffthetableandbracedformoreU.S.budgetbattles.TheMSCIAsiaPacificex-Japanindexofstockswasup0.3percentfollowingWednesday's2percentjumponreliefthatU.S.politicianshadavertedthe"fiscalcliff".Japan'sNi...
WASHINGTON(Reuters)-PresidentBarackObamaandcongressionalRepublicansfaceevenbiggerbudgetbattlesinthenexttwomonthsafterahard-fought"fiscalcliff"dealnarrowlyaverteddevastatingtaxhikesandspendingcuts.Theagreement,approvedlateonTuesdaybytheRepublican-ledHouseofRepresentatives,wasavictoryforObama,whohadwonre-electioninNovemberonapromisetoaddressbudgetwoes,partlybyraisingtaxesonthew...