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(MENAFN - AFP) US stocks soared into record territory Friday following the Bank of Japan's surprise stimulus, which spurred a wave of buying in markets around the globe.

Strong earnings from oil and technology companies, and Thursday's buoyant report on US economic growth, underpinned the push by the key Dow and S&P 500 indices to fresh highs, and the Nasdaq Composite ...

(MENAFN - AFP) Hungary's prime minister on Friday shelved plans to introduce an Internet tax that had sparked major demonstrations and further concerns about civil liberties in the EU member state.

Proposed changes to the tax code that would have imposed a new levy on online data transfers "cannot be introduced in its current form," the right-wing Viktor Orban, 51, said in ...

(MENAFN - AFP) World stocks surged on Friday as the Bank of Japan's surprise stimulus sent investors on a buying spree.

Markets from Asia to Europe ended the week on a positive note, as the BOJ's decision countered the gloom earlier this week caused by the end of the Federal Reserve's massive monetary easing programme.

"Just as the Fed takes away the punch bowl, the ...

(MENAFN - AFP) The European Central Bank takes over as Europe's banking watchdog on Tuesday in a historic shake-up of the financial system aimed at preventing a repeat of the crisis that nearly led to the collapse of the euro.

The ECB, in charge of monetary policy for the single currency countries since the start of 1999, has seen its role of central bank drastically redrawn ...

(MENAFN - AFP) The euro dived below $1.25 on Friday for the first time for more than two years, driven by speculation that the US Federal Reserve could cut interest rates sooner than expected.

At about 1330 GMT, the European single currency fell as low as $1.2486, touching the lowest level since late August 2012.

"The weakness in the euro is more of a strong dollar ...

(MENAFN - AFP) The Dow and S&P 500 surged into fresh record territory in opening trade Friday after the Bank of Japan's surprise stimulus move lifted global equity markets.

About 20 minutes into trade, the Dow Jones Industrial Average stood at 17,321.10, up 125.68 points (0.73 percent).

The S&P 500 rose 14.53 (0.73 percent) to 2,009.18, while the tech-rich ...

(MENAFN - AFP) European stocks rose sharply on Friday, boosted by Bank of Japan stimulus and upbeat earnings, but the euro and gold fell heavily.

The euro dived below $1.25 for the first time for more than two years, driven by speculation that the US Federal Reserve could raise interest rates sooner than expected.

And with problems crowding in on the Russian economy, ...

(MENAFN - AFP) The ruble hit a new record low on Friday, falling to more than 43 rubles to the dollar, despite defensive action by the central bank which raised interest rates a short time earlier.

The ruble was trading at 43.03 to the dollar at around 1330 GMT, after strengthening slightly on Thursday following central bank intervention and briefly on Friday after the central ...

(MENAFN - AFP) European stocks rallied Friday, as investors welcomed the Bank of Japan's stimulus boost and upbeat earnings, but gold hit a four-year low on strength of the dollar and improving risk sentiment.

Nearing midday, London's FTSE 100 index jumped 1.12 percent to 6,535.55 points, while Frankfurt's DAX 30 gained 1.73 percent to 9,272.31 points and the Paris CAC 40 ...

(MENAFN - AFP) The Cypriot supreme court ruled as unconstitutional Friday four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments on the country's 10-billion-euro ($12.7-billion) bailout.

The decision should open the way for Nicosia to receive the next tranche of 436 million euros, which was blocked last month.

EU ...

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