Asia stocks shine as Fed minutes confirm no urgency to tighten policy

TOKYO - Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve's latest meeting led investors to further pare bets that the central bank will hike interest rates this year.

Recent Business News

Apple Pay to expand to Starbucks, Chili's, KFC

HALF MOON BAY, Calif - Starbucks Corp coffee shops will begin accepting Apple Inc's mobile payment system in a pilot program starting this year, Apple Vice President Jennifer Bailey said on Thursday.

8:33pm EDT

Chevron extends job cuts to global trading desks

NEW YORK - Chevron Corp is cutting staff on its global energy trading desks this week, sources said on Thursday, making it the latest division to face reductions as part of a $3 billion cost-saving plan brought on by low crude oil prices.

7:26pm EDT

IMF told that amid 'new mediocre' no room for mistakes by central banks

LIMA - Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.

China, IMF 8:48pm EDT

Dell looks to EMC deal to boost corporate presence

- Dell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world's No.3 PC maker looks to beef up its cloud-based offerings for corporate customers. | Video

Deals, Tech 5:11pm EDT

Los Angeles drops discrimination lawsuit against Citigroup

NEW YORK - Los Angeles has dropped a lawsuit accusing Citigroup of discriminatory mortgage lending, marking the second time a major bank has escaped claims that it steered the city's minorities into high-cost loans and led to foreclosures and neighborhood blight.


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