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2002 World Cup 'gave Senegal its real independence' - El Hadji Diouf

Ex-Senegal striker El Hadji Diouf says the 2002 World Cup was the birth of their country
Senegal won its independence from France back in 1960, but El Hadji Diouf says their real independence came after beating the French in their opening game of the 2002 FIFA World Cup in Japan & South Korea.

Diouf was part of the team who reached the quarter-finals that year and he says the 31st May 2002, when they recorded that famous win over France, is now Senegal's birthday.

Photo: El Hadji Diouf (Getty Images)

BOJ not falling in line with the Fed or the ECB

Haruhiko Kuroda, head of the BOJ
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The Bank of Japan said on Friday it would keep its key lending rate on hold, sticking with a short term interest rate of minus 0.1%.

Most analysts did not expect the BOJ to move, but the decision comes at a time when other big central banks - notably the US Federal Reserve - are beginning to slowly change their post-crisis era monetary policies.

The ECB is set to end its asset-purchase programme this year and the Fed has started to raise rates.

The BOJ said its economy was expanding moderately, supported in part by private consumption. However it said inflation was moving at about 0.5% to 1% in the country, below its long-held target of 2%.

Toshiba buyback sends shares higher

Toshiba logo
Getty Images

Toshiba shares rose as much as 7% in afternoon trade in Tokyo after the Japanese firm announced a share buyback plan worth about 700 billion yen ($6.3bn; £4.7bn).

The share buyback would fulfil a promise the firm made to its investors to share some of the profits made from the $18bn sale of its memory chip business.

The sale to US private equity firm Bain Capital was finalised earlier this month.