The Korea Herald > World > World Business
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The International Monetary Fund has lowered its outlook for the world economy this year, predicting that government spending cuts will slow U.S. growth and keep the euro currency alliance in recessio...
Updated : 2013.04.17 16:46
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Thousands of DNA tests on European beef products have revealed extensive food fraud across the European Union, with almost one in 20 meals marketed as beef likely to be tainted with horse, the Europe...
Updated : 2013.04.17 10:05
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NEW YORK (AP) ― Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel away from a Japanese suitor, the latest sign that satellite dishes are losing their relevance in the age of c...
Updated : 2013.04.16 20:01
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Foxconn Technology Group, the world’s largest custom manufacturer of electronics, resumed hiring at a Chinese factory as it prepares to make a new Apple Inc. iPhone, said a person familiar with the ...
Updated : 2013.04.16 20:01
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Gold had its biggest one-day drop since 1983 on Monday as a selling frenzy that began last week picked up speed. The price of gold plunged $140.30 to $1,361.10 an ounce, a decline of 9 percent. The ...
Updated : 2013.04.16 09:45
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Google Inc.’s offer to settle an antitrust probe with the European Union by labeling its own services more clearly in Web search results is a “non-starter” for competitors such as Microsoft Corp. Mi...
Updated : 2013.04.15 20:06
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For decades, made-in-Asia luxury has been shorthand for “fake.” Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic. Couronne,...
Updated : 2013.04.15 20:06
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BEIJING (AP) ― China’s economic growth slowed unexpectedly in the first three months of the year, fueling concern about the strength of its shaky recovery. The world’s second-largest economy grew...
Updated : 2013.04.15 20:06
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ATHENS (AFP) ― Greece and its troika of international creditors have reached agreement on its economic recovery efforts, opening the way for the disbursement of 8.8 billion euros ($11.5 billion) in b...
Updated : 2013.04.15 20:05
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Pedestrians cross a road in front of buildings in the financial district of Jakarta, Indonesia. (Bloomberg) SINGAPORE (AFP) ― East Asian and Pacific economies will grow 7.8 percent this year on rob...
Updated : 2013.04.15 20:05
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CAIRO (AP) ― Egypt’s central bank conducted an exceptionally large foreign exchange auction on Sunday, selling $600 million to banks that urgently need money to pay for basic imports like wheat and...
Updated : 2013.04.15 20:05
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Doors of shops that closed down in Nicosia due to the economic crisis in Cyprus. (AFP-Yonhap News) NICOSIA (AP) ― Cyprus’ president on Sunday chided the central bank chief to not act in ways that ...
Updated : 2013.04.15 20:04
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DUBLIN (AFP) ― Europe’s biggest countries gained ground Saturday in their bid to recover some of the one trillion euros lost each year to tax fraud and money laundering, despite hold-out Austria ra...
Updated : 2013.04.14 19:57
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The U.S. Treasury Department said it will press Japan to refrain from competitive devaluation while stopping short of accusing it of manipulating the yen in a report on exchange rates. The Treasury ...
Updated : 2013.04.14 19:57
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Nissan Motor Co., with U.S. sales lagging the industry’s rebound this year, said it hired a former Chrysler Group LLC executive to run its namesake brand in the country after the departure of a long-...
Updated : 2013.04.14 19:50
