Global shares jump, yen slumps as BOJ cranks up stimulus

LONDON - World shares jumped and the yen fell to a seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program.

Recent Business News

Citigroup sets aside $600 million more to cover legal costs

- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.

30 Oct 2014

RBS sets aside $639 million to settle forex probes

LONDON - Royal Bank of Scotland said it had set aside 400 million pounds ($639 million) to cover potential fines for manipulating currency markets and another 100 million to compensate customers mis-sold loan insurance.

BNP back in profit, on look out for bolt-on acquisitions

PARIS - BNP Paribas, France's No. 1 bank, said third-quarter net income rose 11 percent from a year ago as gains in fixed income trading and in international retail offset a lackluster economic environment in its core European markets. | Video

5:16am EDT

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, Media 3:13am EDT

Samsung Electronics seeks China comeback with first metallic smartphones

SEOUL - Samsung Electronics Co Ltd unveiled two 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 3:39am EDT


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