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Stimulus needed for job market: Fed

NEW YORK (AP) ― Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respon...

Updated : 2014.04.17 20:49

Tech giants look to skies to spread Internet

NEW YORK (AFP) ― The shortest path to the Internet for some remote corners of the world may be through the skies.That is the message from U.S. tech giants seeking to spread the online gospel to hard-...

Updated : 2014.04.17 20:49

China’s GDP growth slows to 7.4%

BEIJING (AFP) ― China’s gross domestic product grew 7.4 percent in the first three months of the year, official data showed Wednesday, increasing the chances Beijing will move to stanch a slowdown i...

Updated : 2014.04.16 20:55

Yahoo, Intel shares rise

SAN FRANCISCO (AP) ― Yahoo is prospering from its lucrative investments in Asia while the Internet company’s listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.T...

Updated : 2014.04.16 20:24

GM chief creates team to boost safety

NEW YORK (AFP) ― General Motors CEO Mary Barra announced Tuesday the creation of a new team to enhance safety in the wake of an ignition-recall scandal that has engulfed the company.Barra said the ne...

Updated : 2014.04.16 20:23

EU Parliament approves ‘banking union’ reforms

STRASBOURG (AFP) ― The European Parliament approved on Tuesday the last elements of a new set of rules to prevent failing banks from ever again driving EU member states into bankruptcy.With “banking...

Updated : 2014.04.16 20:23

Yellen: Higher capital rules may be needed for big banks

Federal Reserve Chair Janet Yellen said additional capital may be required for large U.S. banks whose source of funding could be at risk during a financial crisis. A study by the Basel Committee on Ba...

Updated : 2014.04.16 20:22

Fed considers emerging markets when making ...policy: Bernanke

The U.S. Federal Reserve considers developments in emerging markets when formulating policies, former Fed Chairman Ben S. Bernanke said. “There is a perception in some quarters that the U.S. doesn’t listen to emerging markets,” Bernanke said Tuesday in Mumbai. “Nothing could further fr...

Updated : 2014.04.16 20:22

Google buys drone maker Titan Aerospace

Google Inc. is adding drones to its fleets of robots and driverless cars. The Internet-search company said it acquired Titan Aerospace, a maker of high-altitude, solar-powered satellites that provides access to data services around the world. Terms of the deal weren’t disclosed. Google is...

Updated : 2014.04.15 20:52

WTO raises outlook for global commerce

GENEVA (AFP) ― Global commerce is set to grow by 4.7 percent this year, the World Trade Organization said on Monday, with recovery in rich economies expected to mitigate risks in developing nations.T...

Updated : 2014.04.15 20:52

Disease threatens world’s bananas: U.N.

ROME (AFP) ― The United Nations warned on Monday of the potential “massive destruction” of the world’s $5-billion a year banana crop as a plant disease spreads from Asia to Africa and the Middle E...

Updated : 2014.04.15 20:50

Analyst forecasts deeper China slowdown in Q1

China’s loss of economic momentum in the first quarter was deeper than the most widely-cited data will show, according to analyst forecasts for a gauge that’s gaining increasing recognition. Gross d...

Updated : 2014.04.15 20:50

China’s gold demand rising 25% by 2017 as buyers get wealthier

Gold demand in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Coun...

Updated : 2014.04.15 20:49

Putin’s turn to China heralds new look at yuan debt

President Vladimir Putin’s turn to China amid the worst standoff with the U.S. since the Cold War is prompting companies to take a fresh look at yuan bonds. OAO Gazprom, the world’s biggest natural-gas producer, is considering issuing yuan-denominated debt, two people with knowledge of t...

Updated : 2014.04.15 20:49

Samsung looks to life beyond smartphones

After years of record profit growth, tech giant Samsung Electronics looks to be at a commercial crossroads as it searches for a new growth driver to counter slowing sales of its phenomenally successful smartphones.Alarm bells have been sounding for a while over Samsung’s reliance on smart...

Updated : 2014.04.14 20:41