ECB outlook lifts Europe shares, Australian dollar sags

TOKYO - European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook.

Recent Business News

Samsung Electronics to buy back $2 billion in shares

SEOUL - South Korea's Samsung Electronics Co Ltd on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.

Tech, South Korea 3:39am EST

Thomas Cook hit by shock CEO departure, slowing growth

LONDON - British holiday company Thomas Cook said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.

4:51am EST

BOJ's Shirai defends latest easing, rules out incremental action

HIROSHIMA, Japan - A Bank of Japan board member who voted for last month's huge monetary expansion defended the move on Wednesday, saying that failing to act would have cast doubt on the bank's determination to hit its price goal and undermined its credibility.

1:59am EST

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

TOKYO - U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.

4:54am EST

U.S. economy resilient in third quarter as global growth cools

WASHINGTON - The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

25 Nov 2014


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