Italy says private capital will meet Monte Paschi, Carige needs

ROME (Reuters) – Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.



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Italy says private capital will meet Monte Paschi, Carige needs

Futures rally after BOJ ramps up stimulus

NEW YORK (Reuters) – U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.

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Futures rally after BOJ ramps up stimulus

Euro zone inflation slightly higher in October

BRUSSELS (Reuters) – Inflation in the 18 countries sharing the euro edged up slightly in October, a first estimate by the European Union’s statistics office showed on Friday, giving some hope to policy makers that price deflation can be avoided.



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Euro zone inflation slightly higher in October

Continental AG CEO says Audi recall no threat to guidance

MUNICH (Reuters) – Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.

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Continental AG CEO says Audi recall no threat to guidance

Japan’s central bank shocks markets with more easing as inflation slows

TOKYO (Reuters) – The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.



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Japan’s central bank shocks markets with more easing as inflation slows

RBS takes $640 million forex charge and warns of more to come

LONDON (Reuters) – State-backed Royal Bank of Scotland has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.

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RBS takes $640 million forex charge and warns of more to come

BNP shakes off impact of U.S. fine, returns to profit

PARIS (Reuters) – France’s No. 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly U.S. legal settlement to publish what it called a “rock solid” balance sheet, sending its shares up over 4 percent.



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BNP shakes off impact of U.S. fine, returns to profit

Instant gratification economy is here, but is it here to stay?

Apps like Luxe, for on-demand valet parking, are part of a trend to satisfy your needs, eliminate inconveniences and make life easy — or, at least, make it easy to work a lot. There’s a name for this trend, and it’s a fitting one — the instant gratification economy.

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Instant gratification economy is here, but is it here to stay?

Global shares jump, yen slumps as BOJ cranks up stimulus

LONDON (Reuters) – 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.

Global shares jump, yen slumps as BOJ cranks up stimulus

Samsung Electronics seeks China comeback with first metallic smartphones

SEOUL (Reuters) – 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.



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Samsung Electronics seeks China comeback with first metallic smartphones

Fed’s Williams: inflation targets work, but room for improvement

(Reuters) – A top Federal Reserve policymaker on Friday said global central banks have had good success with inflation-targeting, but should consider other methods that may work better in the face of low interest rates and the risk of asset bubbles.



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Fed’s Williams: inflation targets work, but room for improvement

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

TOKYO (Reuters) – Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japan surprised markets with fresh easing steps it called a pre-emptive move to stoke inflation.

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

BOJ shocks markets with more easing as inflation slows

TOKYO (Reuters) – The Bank of Japan surprised global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.



Original post:
BOJ shocks markets with more easing as inflation slows

Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

TOKYO (Reuters) – 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.

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Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

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