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(MENAFN - AFP) Equities remained resilient Friday despite disappointing growth in Europe and the United States and the Bank of Japan failing to deliver an expected boost to stimulus.

Frankfurt and Paris both ended the day higher despite eurozone economic growth halving to 0.3 percent in the second quarter.

Meanwhile, London edged out a small gain as oil prices bounced ...

 
(MENAFN - AFP) Florida health officials said Friday they believe that four people have been infected locally with Zika, in what would be the first evidence that mosquitoes carrying the virus are present in the continental United States.

Officials have been investigating four cases of Zika in southern Florida that were not thought to be linked to travel to affected regions ...

 
(MENAFN - AFP) The US government is expected to hit Facebook with a bill for between $3 billion and $5 billion in back taxes, the social network has disclosed.

Facebook said it would challenge the Internal Revenue Service (IRS) assessment in the US Tax Court when it becomes final.

The tax bill relates to a previously disclosed review of the pricing of assets Facebook ...

 
(MENAFN - AFP) Brewer SABMiller's board on Friday accepted a final takeover offer from rival Anheuser-Busch InBev, the company said in a statement, heralding what will be one of the world's biggest ever takeovers.

The Belgium-based brewer had raised its cash offer from 44 pounds per share to 45 pounds, in a revised proposal tabled after the value of the pound slumped following ...

 
(MENAFN - AFP) Brazil's scandal-plagued state oil company Petrobras said Friday it will sell off its first "pre-salt" deep-water oil field to Norway's Statoil in a bid to pay off its massive debt.

The Petrobras board approved the $2.5 billion sale of its 66-percent stake in the offshore exploration block known as BM-S-8, the company said in a statement.

It said the ...

 
(MENAFN - AFP) The US economy grew more slowly than expected in the second quarter of 2016, rising a modest 1.2 percent, according to an advance estimate released Friday by the Commerce Department.

The department also revised first-quarter growth estimates for gross domestic product downward to 0.8 percent from 1.1 percent, reflecting results in residential investment, private ...

 
(MENAFN - AFP) Growth in the eurozone halved in the second quarter, official data showed on Friday, with analysts warning that the consequences of Brexit could harm the economy further later in the year.

The Eurostat statistics agency said economic growth in the 19-nation single currency bloc slowed to 0.3 percent in the April to June period, with stagnation in France largely ...

 
(MENAFN - AFP) The yen soared Friday after the Bank of Japan only tweaked its stimulus programme, disappointing traders who had expected a huge boost to lift global markets.

Although Tokyo stocks ended higher, with the financial sector cheered that the bank did not cut borrowing costs further into negative territory, most other Asian indices retreated.

European equities ...

 
(MENAFN - AFP) British trade unions criticised the government on Friday for delaying its final decision on the Hinkley Point nuclear power plant, seen by British media as backtracking on the project.

"Theresa May's decision to review the go-ahead on HPC is bewildering and bonkers," said Justin Bowden, the GMB union's national secretary for energy, about Britain's new prime ...

 
(MENAFN - AFP) The US economy grew at a modest 1.2 percent in the second quarter of this year, falling well below analysts' expectations of 2.6 percent, the Commerce Department reported Friday.

Growth in the first quarter of 2016 was also revised downward, from 1.1 percent to 0.8 percent, reflecting lower results from exports and residential fixed investment -- which includes ...

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