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World - Asian shares mostly higher, Japan muted on BOJ decision

TOKYO (AP) — Asian stock markets were mostly higher Wednesday, taking in stride the IMF`s lower global growth forecast, while Japan traded cautiously as its central bank left monetary policy unchanged.

Wednesday, October 07, 2015  04:48


Business - Asian shares firm after sharp rebound in oil, BOJ in focus

By Hideyuki Sano TOKYO (Reuters) - Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting. MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, led by a 0.4 percent rise in South Korea. Japan`s Nikkei was almost flat ahead of the Bank of Japan policy announcement later in the day.

Wednesday, October 07, 2015  02:08


Business - Smart TV will make money through games: Samsung

The market for smart TVs will grow `rapidly` as it increasingly becomes the platform of choice for gaming, according to a company executive.

Wednesday, October 07, 2015  01:50


Business - Your Facebook News Feed speed now depends on your connection

To better accommodate its users in emerging markets, many of whom only have access to 2G signal, Facebook announced a number of improvements to News Feed on Tuesday. In short, the news services has been ...

Tuesday, October 06, 2015  23:08


Most Recent - Political Prediction Market: Marco Rubio leads

Wednesday, October 07, 2015  05:06


Business - HTC blames weak Android sales for NT$5.1b Q2 loss

Taiwan`s HTC has recorded a second quarter loss of NT$5.1 billion, attributing the shortfall to a `weak` Android market.

Wednesday, October 07, 2015  03:19


Business - VW CEO says recall to start in January, be completed end-2016

Volkswagen Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year. All the cars should be fixed by the end of 2016,` Mueller told the Frankfurter Allgemeine Zeitung (FAZ). For the U.S. market, a company spokeswoman said later, the remedy will first have to be agreed upon with Environmental Protection Agency, but she offered no timing for that.

Wednesday, October 07, 2015  03:19


Business - JPMorgan buys more mortgages from other lenders as market shrinks

By Dan Freed NEW YORK (Reuters) - JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. While other big banks buy mortgages from other lenders, known as correspondents, JPMorgan has racked up the biggest increase among its peers in the proportion of loans it buys from others, according to data from trade publication Inside Mortgage Finance. JPMorgan is fighting for business in what has been a shrinking market.

Wednesday, October 07, 2015  06:17


Business - Fed in focus as jobs data looms

By Lionel Laurent LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to spook global markets beyond a rise in oil prices, however, and global equities are set to end the week flat.

Friday, October 02, 2015  09:57


Business - Oil edges up on estimate of strong demand, Syria risks

Crude oil prices edged up in early Asian trading on Thursday as demand was estimated to have remained strong despite slowing economic growth in Asia, and as Russian and western air campaigns in Syria worried markets. Traders said that a political risk premium has re-entered oil markets over Syria, where Russia and the United States are both carrying on bombing campaigns without coordination, triggering fears of unintentional clashes. `U.S. markets are also seeing a first impact of that hurricane heading America`s way and we`ve seen some speculative buying of WTI to prepare for the case it impacts Gulf (of Mexico) production,` one broker said.

Thursday, October 01, 2015  05:19

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