Asia shares rise on brightening U.S. prospects, BOJ awaited

TOKYO - Asian shares ticked higher on Friday as investors cheered upbeat U.S. growth data, while the dollar held near four-week highs against the yen as markets awaited the outcome of the Bank of Japan's monetary policy meeting.

Recent Business News

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 11:15pm EDT

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.

6:10pm EDT

World Bank to cut 500 jobs in some units as part of revamp

WASHINGTON - The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees.

8:01pm EDT

Conoco sees third-quarter profit rise, 2015 capex seen lower

- ConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices.

Trade, defense buoy U.S. economy, but some weakness creeps in

WASHINGTON - A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. | Video

4:36pm EDT


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