Category Archives: business

BOJ shocks markets with surprise easing as inflation slows

By Leika Kihara and Tetsushi Kajimoto By Leika Kihara and Tetsushi Kajimoto TOKYO (NEWS.GNOM.ES) – The Bank of Japan surprised global financial markets on Friday by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax hike in April. The jolt from the BOJ, which had been expected to maintain its level of asset purchases, came as the government signaled its readiness to ramp up spending to boost the economy and as the government pension fund, the world’s largest, was set to increase purchases of domestic and foreign stocks Continue reading

Penn. trooper ambush suspect captured

By MICHAEL RUBINKAM LORDS VALLEY, Pa. (AP) — A survivalist accused of ambushing two state troopers, killing one and seriously wounding the other, was captured on Thursday by U.S Continue reading

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

SEOUL (NEWS.GNOM.ES) – 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. The Galaxy A3 and A5 will be Samsung’s first devices to feature fully metal bodies and its thinnest smartphones to date Continue reading

Wal-Mart to expand discounts as retail price war heats up

(NEWS.GNOM.ES) – Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers. Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Continue reading

Former NBA player to argue for conviction reversal

FILE – In this Sept. 23, 2011, file photo, Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, leaves federal court in Newark, N.J Continue reading

Ohio man detained in North Korea returning to work

By ANDREW WELSH-HUGGINS, Associated Press COLUMBUS, Ohio (AP) — An American arrested and detained in North Korea is headed back to the job he lost while abroad, with an agreement that his travel was risky and he could be fired for doing it again. Jeffrey Fowle disregarded cautions by the U.S. Continue reading

Japan stocks soar 5 percent, yen falls on stimulus

By YOUKYUNG LEE, AP Business Writer SEOUL, South Korea (AP) — Japan’s stock index surged 5 percent and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery. Other Asian stock markets were also higher after the Japanese central bank’s announcement. Continue reading

Nurse defies Ebola quarantine with bike ride; negotiations fail

By Steve Holland By Steve Holland CAPE ELIZABETH Maine (Reuters) – A nurse who treated Ebola patients in Sierra Leone but has tested negative for the virus went for a bike ride on Thursday, defying Maine’s order that she be quarantined in her home and setting up a legal collision with Governor Paul LePage. Attorneys for Kaci Hickox, 33, said they had not yet been served with a court order to enforce the 21-day quarantine – matching the virus’s maximum incubation period – but remained prepared to fight such an order if necessary. LePage’s office said negotiations with Hickox, who worked with Doctors Without Borders in Sierra Leone, “have failed despite repeated efforts by state officials” and that he would “exercise the full extent of his authority allowable by law.” The quarantine showdown between Hickox and Maine has become the focal point of a struggle between several U.S. Continue reading

Hong Kong activists mull Beijing visit during APEC

HONG KONG (AP) — Hong Kong student protest leaders are considering visiting Beijing while it hosts a major Asian summit next week to press their demands for greater democratic reforms. Continue reading

Malaysia Airlines sued by 2 boys over Flight 370

KUALA LUMPUR, Malaysia (AP) — Two Malaysian teenage boys are suing Malaysia Airlines and the government over the loss of their father eight months after Flight 370 that was carrying him mysteriously disappeared. Continue reading