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‘Economic gains from computer tech’

Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. Ben Bernanke, chairman o...

Updated : 2013.05.19 13:34

Weak yen helps drive Japan earnings, but no cure-all

Japan’s earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation’s top exporters, but, warn some commentators, the drop is not all good news. So...

Updated : 2013.05.19 13:33

Europe car sales post first gain in 19 months

European car sales rose for the first time in 19 months, on gains in the U.K. and a rebound in Germany, amid signs that governments may take measures to stem a contraction in the economy of the count...

Updated : 2013.05.17 15:17

Honda returns to F1

Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine supplier to the automaker's former partner McLaren of Britain. Honda president Takanobu Ito announced the decision at...

Updated : 2013.05.16 20:28

Toyota becomes Asia's biggest firm by market value

Toyota has accelerated past South Korea's Samsung Electronics to become Asia's biggest company by market value, after the Japanese automaker's shares doubled in the past year. Toyota's market capita...

Updated : 2013.05.16 16:14

Japanese economy grew at 3.5 percent pace in 1Q

Japan's economy grew by a stronger-than-expected 3.5 percent in annual terms in the last quarter, giving Prime Minister Shinzo Abe a boost as his government tackles tough reforms needed to ensure a r...

Updated : 2013.05.16 10:45

Apple said to be subject of U.S. Senate offshore tax hearing

Apple Inc. will be the subject of a May 21 Senate hearing on U.S. companies’ offshore tax practices, said two people familiar with the inquiry. Apple Chief Executive Officer Tim Cook will testify at...

Updated : 2013.05.16 09:45

Obama: Acting tax agency commissioner has resigned

President Barack Obama announced the resignation of the top official at the federal tax agency following a controversy over the targeting of conservative political groups for extra scrutiny, moving a...

Updated : 2013.05.16 09:41

Bangladesh garment makers hail safety deal

DHAKA (AFP) ― Bangladeshi garment manufacturers on Wednesday hailed an agreement by top retailers to make the country’s factories safer, saying it reflected their long-term commitment to improving ...

Updated : 2013.05.15 20:39

Oil firms raided in EU probe

Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market. ...

Updated : 2013.05.15 20:39

OECD says global economic crisis hits income inequality, warns may get worse

PARIS (AFP) ― The global economic crisis worsened income inequality in the world’s leading economies substantially and there is a growing risk that the most vulnerable will be hit harder still, the...

Updated : 2013.05.15 20:35

EU to shift bill for bank failures to creditors

BRUSSELS (AP) ― European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks’ creditors ― including the holders of large deposits― as part the region’...

Updated : 2013.05.15 20:35

RIM unveils cheaper BlackBerry

ORLANDO, Florida (AP) ― Research In Motion unveiled a lower-cost BlackBerry aimed at consumers in emerging markets on Tuesday, stepping up its efforts to regain market share lost to Apple’s iPhone ...

Updated : 2013.05.15 20:30

Google chief speaks out about vocal cord paralysis

SAN FRANCISCO (AFP) ― Google co-founder and chief Larry Page ended the mystery about his soft, sometimes raspy voice with a personal online post Tuesday about being diagnosed with partially paralyzed...

Updated : 2013.05.15 20:15

Bloomberg exec apologizes amid new report of leaks

Financial data and news service Bloomberg LP moved to repair damage to its reputation Monday as a published report said that more than 10,000 of its clients' private messages containing sensitive pri...

Updated : 2013.05.15 09:47