The Korea Herald > World > World Business
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The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.Its uncertainty burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afternoon released the minutes of its last policy meeting.Stock prices...
Updated : 2013.05.23 09:33
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BRUSSELS (AFP) ― Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem unlikely to convince reluctant Austri...
Updated : 2013.05.22 20:43
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The Bank of Japan affirmed a plan to double the monetary base over two years after a jump in bond yields highlighted risks associated with Prime Minister Shinzo Abe’s campaign to revive the economy. ...
Updated : 2013.05.22 20:42
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NEW YORK (AP) ― Hoping their baseball success will translate to titles in another sport, the Yankees are combining with English power Manchester City to own a Major League Soccer expansion team in Ne...
Updated : 2013.05.22 20:25
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Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.At the bank's annual meeting, just 32 percent of shareholders voted for a non-binding measure that would have advised the bank to split the roles. That's less than the 40 percent vote that a s...
Updated : 2013.05.22 10:13
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The U.S. Senate sharply questioned the CEO of Apple Inc., the world's most valuable company, over allegations that its Irish subsidiaries help it avoid billions in taxes, and Tim Cook declared, “We pay all the taxes we owe _ every single dollar.”The Senate Permanent Subcommittee on Inves...
Updated : 2013.05.22 10:10
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NEW YORK (AFP) ― Marissa Mayer has made her boldest move to date as chief of Yahoo with the billion-dollar purchase of Tumblr, a popular blogging platform she vowed not to ruin after protests from yo...
Updated : 2013.05.21 20:08
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WASHINGTON (AP) ― Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The w...
Updated : 2013.05.21 20:08
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The Treasury Department announced further steps to keep funding the government without going over the nation’s debt limit, amid a stalemate between Congress and the Obama administration on approving an increase in the ceiling. The U.S. declared a “debt-issuance suspension period” under ...
Updated : 2013.05.21 20:07
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NEW DELHI (AFP) ― Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries.“As for Indian c...
Updated : 2013.05.21 20:07
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Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years.The bank says the latest round of cuts affects support staff. Around half of those affected are based in Edinburgh, and most of the rest are in London. The bank has already slash...
Updated : 2013.05.19 19:13
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Fitch Ratings agency has downgraded Slovenia’s credit grade by one notch, citing a weak economic outlook and a frail banking system.It cut the government bond rating to “BBB+” from “A-,” which is still investment grade. It left a negative outlook, suggesting there’s a risk of another...
Updated : 2013.05.19 19:12
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The European Central Bank is exploring ways to directly help small and medium-sized companies as a way to boost the recession-hit eurozone economy directly, said Benoit Coeure, A member of the bank’s executive board.Coeure, speaking at a conference south of Paris, did not say how exactly ...
Updated : 2013.05.19 19:12
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Tens of thousands of people joined a union-organized march in Rome Saturday, protesting against the new coalition government’s austerity measures.The metal workers union FIOM said the rally was to de...
Updated : 2013.05.19 17:20
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Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity program does not slip off the tracks.The IMF agreed in March to provide Cyprus with some 1 billion euros in aid, a...
Updated : 2013.05.19 17:19
