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(MENAFN - AFP) Britain's state-owned Royal Bank of Scotland has set aside £400 million ($639 million, 509 million euros) linked to global probes into alleged price-rigging in foreign exchange markets, it said Friday.

RBS revealed in a results statement that litigation and conduct costs for the third quarter "included £400 million of potential conduct costs following investigations ...

 
(MENAFN - AFP) British Airways owner International Airlines Group on Friday logged rising third-quarter profits, lifted by growing revenues and falling fuel costs, and increased its annual earnings forecast.

Net profits advanced 3.1 percent to 598 million euros in the three months to the end of September.

That compared with 580 million euros a year earlier, IAG said ...

 
(MENAFN - AFP) Asian markets rallied Friday and the dollar pushed past 111 yen after Japan's central bank said it would expand its vast monetary easing scheme and the United States released forecast-busting economic growth data.

Japanese stocks clocked up gains of almost five percent to sit at a seven-year high after the Bank of Japan announced its surprise decision in a ...

 
(MENAFN - AFP) Japan's public pension fund -- the world's biggest -- said Friday it will double the amount of equities in its investment portfolio, as it seeks higher returns to cope with an ageing population.

The unprecedented shift by the $1.26 trillion Government Pension Investment Fund will see stocks account for a combined 50 percent of its portfolio, up from about 24 ...

 
(MENAFN - AFP) Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the cutthroat smartphone business.

The firm said its net loss came in at 109.1 billion yen, way up from a 16.5 billion yen shortfall in the same period last year.

Sony's operating loss of 15.8 billion ...

 
(MENAFN - AFP) The Bank of Japan ramped up its vast monetary easing programme Friday -- sending the yen plunging and stocks soaring -- in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own stimulus spree.

After a one-day meeting, policymakers said they would inflate the central bank's asset-buying stimulus plan by as much as 20 trillion ...

 
(MENAFN - AFP) Gripping a rubber hose between his teeth that will be his lifeline, Than Hlaing takes a last gulp of relatively untainted air before plunging into the murky gloom of the fast-flowing Yangon river in Myanmar's main city.

Lashed with weights to help him dive straight down, the 40-year-old peers through the heavily silted waters as he descends to the riverbed.

There, ...

 
(MENAFN - AFP) Australia is set to approve measures giving polluters financial incentives to reduce emissions blamed for climate change, in a move critics described as ineffective environmental policy.

The so-called "direct action" plan, which will see the government pay companies to increase energy efficiency, passed through the upper house Senate early Friday following ...

 
(MENAFN - AFP) Japan will announce Friday that its public pension fund -- the world's biggest -- will double the amount of equities it holds in its investment portfolio, reports said, as it seeks out higher returns to cope with an ageing population.

The welfare ministry will agree the Government Pension Investment Fund's plan that will see domestic and foreign stocks account ...

 
(MENAFN - AFP) Asian markets rallied Friday and the dollar edged back towards 110 yen after the United States released forecast-busting economic growth data that soothes concerns about the global outlook.

Japanese stocks led the way as the weakening of the yen and a report that the country's vast national pension fund would double its domestic stock holdings offset another ...

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