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Lloyds settles with U.S., U.K. over market fixing

LONDON (AP) ― Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate. Lloyds, one of the world’s largest banks, o...

Updated : 2014.07.29 20:41

Malaysian Airline faces cancellations after disasters

Malaysian Airline System Bhd. is facing an influx of passenger cancellations after the carrier’s second disaster in four months. Travel agents from Melbourne to Singapore, New Delhi and Malaysian Air...

Updated : 2014.07.29 20:41

Russia hit by $50b Yukos ruling amid sanctions squeeze

LONDON (AFP) ― An international court ordered Russia on Monday to pay Yukos shareholders a record $50 billion compensation over its seizure of the defunct oil giant, a new blow for Moscow on top of sanctions over the Ukraine crisis.Russia swiftly vowed to contest the ruling by the arbitra...

Updated : 2014.07.29 20:40

$1.6b gain makes Zuckerberg richer than Google founders

Mark Zuckerberg is now richer than Google Inc. cofounders Sergey Brin and Larry Page. The Facebook Inc. chairman added $1.6 billion to his fortune last Friday after the world’s largest social network...

Updated : 2014.07.28 20:49

Apple takeover target Beats sued by Bose

Bose Corp. filed a patent-infringement action seeking to block U.S. imports of noise-canceling headphones made by Beats Electronics LLC, the company being bought by Apple Inc. The Beats Studio and Beats Studio Wireless headphones use technology covered by five patents, Bose said in a compl...

Updated : 2014.07.28 20:49

Asset bubbles could deflate global recovery

PARIS (AFP) ― In a world still struggling to shake off the worst financial crisis for a generation, many economists are worrying that new asset bubbles are already threatening to derail the tepid glo...

Updated : 2014.07.28 20:49

No burgers at some China McDonald’s over food scare

SHANGHAI (AFP) ― McDonald’s outlets in Beijing and Shanghai have yanked their flagship burgers off the menu after a key U.S. supplier recalled products made by its Shanghai factory, which is alleged to have used expired meat.Authorities in Shanghai just over a week ago shut a plant owned...

Updated : 2014.07.28 20:49

Google triples deal spending to $4.2b in H1

Google Inc. more than tripled spending on acquisitions in the first half of the year to $4.2 billion, as the Internet company ramps up investments to expand its services. The world’s largest online advertiser spent $3.2 billion for thermostat company Nest Labs Inc. in February and an addi...

Updated : 2014.07.28 20:49

China’s cooling property market prompts revival of builder bonds

China’s government is authorizing developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property market cools. Jiangsu Future Land Co., a builder of homes in eas...

Updated : 2014.07.28 20:48

Mobile tech reshaping health sector

WASHINGTON (AFP) ― Your smartphone is not only your best friend, it’s also become your personal trainer, coach, medical lab and maybe even your doctor.“Digital health” has become a key focus for t...

Updated : 2014.07.27 19:31

Default looms as Argentina’s debt talks remain deadlocked

NEW YORK (AP) ― Argentina’s negotiations with creditors to resolve a dispute over $1.5 billion in unpaid debts remained deadlocked following talks Friday, setting it on a course for a possible catastrophic default this week.Argentina will default for the second time in 13 years if it can...

Updated : 2014.07.27 19:29

France, U.K. trade hypocrisy claims over MH17 sanctions, analysts say

Wreckage from Malaysia Airlines flight MH17 after it crashed into a sunflower field near the village of Rassipnoe, in rebel-held east Ukraine. (AFP-Yonhap)LONDON (AFP) ― Britain and France are tradin...

Updated : 2014.07.24 21:01

IMF: U.S. growth at weakest since recession

WASHINGTON (AP) ― U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related c...

Updated : 2014.07.24 21:00

World Bank offers billions in aid to India

NEW DELHI (AFP) ― The World Bank on Wednesday offered India up to $18 billion in financial support over the next three years while lavishly praising new right-wing Prime Minister Narendra Modi’s “ambitious vision” for the country.Modi’s Hindu nationalist Bharatiya Janata Party was ele...

Updated : 2014.07.24 21:00

Argentina president says country will not default

BUENOS AIRES (AP) ― Argentina’s president said Wednesday that her country will not go into default because it has been paying debts to bondholders on time. The government is in negotiations to resolve a dispute with creditors over $1.5 billion in unpaid debts that could lead Argentina to...

Updated : 2014.07.24 20:59