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Futures rally after BOJ ramps up stimulus

NEW YORK - U.S. stock index futures rallied on Friday alongside most markets globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.

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Argentina default spreads to Par bonds, raising acceleration risk

BUENOS AIRES/NEW YORK - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.

8:23am EDT

Japan's central bank shocks markets with more easing as inflation slows

TOKYO - The Bank of Japan shocked 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.

6:27am EDT

Italy says private capital will meet Monte Paschi, Carige needs

ROME - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.

7:27am EDT

Trial of former UBS executive dredges up Swiss banks' shady past

By Francisco Alvarado, Zachary Fagenson and Joshua Franklin

Euro zone inflation edges up to dim chance of new ECB action

BRUSSELS - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week.

8:21am EDT

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