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Yen, bond yields rise as Bank of Japan action underwhelms

LONDON The yen jumped on Friday and the biggest rise in Japanese government bond yields in years lifted sovereign borrowing costs around the world, after the Bank of Japan's latest measures to boost growth and inflation fell short of investor expectations.

Recent Business News

Barclays shares jump as transAtlantic refocus starts to pay off

LONDON A corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 7 percent.

6:09am EDT

VW says regrets Washington decision to pursue $176 million fine

FRANKFURT Volkswagen said on Friday it regretted the Washington Department of Ecology's decision to fine it $176 million over its emissions scandal, saying the move ran counter to efforts to resolve U.S. consumer claims collectively.

5:48am EDT

Microsoft to cut 2,850 more jobs

Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

Jul 28 2016

Big U.S. brokerages chase the rich in departure from retail roots

NEW YORK Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens.

2:06am EDT

Rising Chinese interest in overseas deals to underpin European M&A: Credit Suisse

LONDON Low valuations, weak sterling and continued interest from Chinese companies in overseas dealmaking is likely to see merger activity in Europe pick up again, according to Credit Suisse.

5:09am EDT

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