Business News Headlines

Barclays sets aside 500 million pounds for FX fines as profits rise

Photo

LONDON - Barclays Plc set aside 500 million pounds ($800 million) in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. | Video

8:07pm GMT

Dollar surges as Fed ends third-quarter on hawkish note

Photo

NEW YORK - The dollar surged to a three-week high and government bond yields rose on Thursday, one day after the U.S. Federal Reserve took a more hawkish tone in its assessment of the economy as it announced the end of its six-year bond-buying programme.

FXpert 8:55pm GMT

Citigroup sets aside $600 million more to cover legal costs

Photo

- Citigroup Inc said it was setting aside an extra $600 million (374.83 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.

10:36pm GMT

Starbucks Americas sales disappoint on softer traffic

Photo

- Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.

11:04pm GMT

BOJ to maintain asset buying, keep rosy inflation view despite growing risks

Photo

TOKYO - The Bank of Japan is set to maintain its massive asset buying programme on Friday and keep its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon.

Japan 9:32pm GMT

Trade, defence buoy U.S. economy

Photo

WASHINGTON - A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. | Video

8:36pm GMT

Conoco sees third quarter profit rise, 2015 capex seen lower

Photo

- ConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices.

Africa 7:12pm GMT

Weak inflation figures hit euro zone, but not expected to jolt ECB

Photo

FRANKFURT - Weak price pressure in Germany and Spain compounded the European Central Bank's policy headache on Thursday but it is still expected to hold off action next week, waiting to assess the impact of its new round of stimulus.

Spain 4:12pm GMT

UK outlines new legal powers for Bank of England to regulate mortgages

Photo

LONDON - Britain's government published proposals to give the Bank of England new legal powers to control residential mortgage lending on Thursday, but said it wanted more evidence before deciding on a BoE request to regulate lending to landlords.

UK, 3:09pm GMT

Expedia's third-quarter profit soars 50 percent

- Expedia Inc reported robust third-quarter earnings on Thursday and topped analyst estimates, as strong hotel bookings boosted the company's profit by more than 50 percent from the year-earlier quarter.

10:53pm GMT