Japan shares soar, yen skids after BOJ stuns with new easing steps

TOKYO - Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japan surprised markets with fresh easing steps it called a pre-emptive move to stoke inflation.

Recent Business News

Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

TOKYO - Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.

Tech, Japan 2:46am EDT

U.S. regulator to Takata: Give us faulty air-bag documents

DETROIT - U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.

BOJ shocks markets with more easing as inflation slows

TOKYO - The Bank of Japan surprised global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.

2:55am EDT

Samsung Electronics seeks China turnaround, unveils mid-tier handsets with premium feel

SEOUL - Samsung Electronics Co Ltd unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.

Tech, Media 30 Oct 2014

Western Union beats as more people use Web, mobile money transfer

- Western Union Co , the world's largest money-transfer company, reported a better-than-expected quarterly profit as lower prices drew more customers, particularly to its digital money transfer business.

30 Oct 2014


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