Asia muted, hopes European stocks stabilize

SYDNEY - Most Asian share markets slipped on Friday and safe haven assets stayed in demand as investors waited to see how European stocks responded to the latest outbreak of banking jitters in the region. | Video

Recent Business News

China looking into Bank of China money laundering allegations: Xinhua

SHANGHAI - China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.

10 Jul 2014

Japan economics minister warns of premature QE exit, sees room for more easing

TOKYO - Japanese Economics Minister Akira Amari warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus program, voicing hope instead for further monetary easing if achievement of its inflation goal falls behind schedule.

1:40am EDT

Fed's Fischer sees little benefit in breaking up too-big banks

CAMBRIDGE Mass - The Federal Reserve's new vice chair all but dismissed the idea of breaking up the largest U.S. banks, saying on Thursday it is unclear that such a complex task would help stabilize the country's financial system.

10 Jul 2014

U.S. sues Amazon over purchases by kids using mobile apps

WASHINGTON - The U.S. government sued on Thursday for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps like "Tap Zoo" and "Ice Age Village."

Tech, Media 10 Jul 2014

Chevron expects second-quarter profit to rise

- Chevron Corp expects second-quarter profit to rise as asset sales in Chad and elsewhere offset spiking currency charges, the No. 2 U.S. oil company said on Thursday.

10 Jul 2014


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