European markets settle after Portugal-led rout

LONDON - European stocks opened firmer and lower-rated government bond prices edged up on Friday, as markets settled after a broad pullback overnight on concerns about Portugal's banking sector that highlighted contagion risk in the euro zone. | Video

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China looking into Bank of China money laundering allegations: Xinhua

SHANGHAI - China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.

10 Jul 2014

Japan economics minister warns of premature QE exit, sees room for more easing

TOKYO - Japanese Economics Minister Akira Amari warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus program, voicing hope instead for further monetary easing if achievement of its inflation goal falls behind schedule.

1:40am EDT

Portugal's BES insists family losses will not put bank at risk

LISBON/LONDON - Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo at risk of running short of capital, the bank said on Thursday night.

4:15am EDT

Fed's Fischer sees little benefit in breaking up too-big banks

CAMBRIDGE Mass - The Federal Reserve's new vice chair all but dismissed the idea of breaking up the largest U.S. banks, saying on Thursday it is unclear that such a complex task would help stabilize the country's financial system.

10 Jul 2014

Chevron expects second-quarter profit to rise

- Chevron Corp expects second-quarter profit to rise as asset sales in Chad and elsewhere offset spiking currency charges, the No. 2 U.S. oil company said on Thursday.

10 Jul 2014


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