Japan shares soar, yen skids after BOJ stuns with more easing steps

TOKYO - Japanese stocks jumped more than 5 percent and the yen skidded to nearly seven-year lows against the dollar on Friday after the Bank of Japan surprised markets with fresh easing steps that it called a pre-emptive move to stoke inflation.

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Samsung Electronics seeks China turnaround, unveils mid-tier handsets with premium feel

SEOUL - Samsung Electronics Co Ltd unveiled two new 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 3:17am GMT

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 6:22am GMT

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

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 lacklustre economic environment in its core European markets.

6:08am GMT

Citigroup sets aside $600 million more to cover legal costs

- Citigroup Inc said it was setting aside an extra $600 million (375.11 million pounds) 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. | Video

12:11am GMT

AB InBev profit capped by weak U.S., stagnant Brazil

BRUSSELS - Anheuser-Busch InBev , the world's largest beer maker, reported a lower than expected increase of earnings in the third quarter as U.S. wholesalers cut inventories and Brazil was stagnant after the football World Cup.

6:45am GMT
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