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G7 says Japan playing by currency rules

AYLESBURY, England (AP) ― Finance leaders from the Group of Seven leading industrial economies say Japan’s stimulus policies are directed at boosting its economy out of a two-decade period of stagnat...

Updated : 2013.05.12 20:29

Alibaba billionaire resigns as CEO

HANGZHOU, China (AFP) ― Alibaba chief Jack Ma stepped down Friday before a potential initial public offering as the Chinese online retail giant announced a $294 million stake purchase in digital map...

Updated : 2013.05.12 20:08

IMF: Monetary easing could drive asset bubble

TOKYO (AP) ― International Monetary Fund officials say they are watching carefully for signs that massive flows of cash unleashed in world markets by unprecedented monetary easing might lead to asse...

Updated : 2013.05.12 20:07

G7 smooths divisions over growth, deficit reduction

AYLESBURY, England (AFP) ― The Group of Seven advanced economies on Saturday appeared to smooth over U.S.-European differences on how to balance deep austerity measures with ways to support fragile g...

Updated : 2013.05.12 20:07

G-7 to discuss ways to 'nurture recovery'

LONDON (AP) -- The role of central banks in shoring up the global economic recovery is set to be a key point of discussion among top financial officials from the world's seven leading economies when ...

Updated : 2013.05.10 21:09

Obama takes new shot at unleashing jobs growth

MANOR, Texas (AFP) ― U.S. President Barack Obama on Thursday launched yet another effort to pressure Congress to act on his plans to invest in education and innovation to create a new generation of ...

Updated : 2013.05.10 20:51

Japan posts biggest current-account surplus in year as yen falls

Japan’s current-account surplus rose in March to the highest level in a year as a depreciating yen boosted repatriated earnings and brightened the outlook for the nation’s exports. The excess in the...

Updated : 2013.05.10 10:02

Dollar surges, tops 100 yen first time in 4 years

The dollar surged on Thursday against major currencies, topping the 100-yen level for the first time in four years, helped by new jobs data adding to confidence in the US economy. The dollar jumped ...

Updated : 2013.05.10 09:59

Sony back in black

Sony is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics a...

Updated : 2013.05.09 19:46

Gold declines on ETF withdrawals, falling commodities

Gold fell after the biggest advance in almost two weeks as SPDR Gold Trust holdings extended the longest streak of declines and other commodities dropped after China’s producer prices retreated more ...

Updated : 2013.05.09 19:43

Coke goes global with anti-obesity push

NEW YORK (AP) ― Coca-Cola says it will make lower-calorie options and clear calorie labeling more widely available around the world, intensifying a push against critics who say its drinks pack on th...

Updated : 2013.05.09 19:40

China's April inflation rises to 2.4 percent

China's inflation rose slightly in April amid concern about the strength of its economic recovery. Consumer prices rose 2.4 percent over a year earlier, up from March's 2.1 percent gain, data showed...

Updated : 2013.05.09 11:56

U.N.: Global youth unemployment rate is rising

Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.'s labor office said Wednesday. As of last year, some 12.4 perce...

Updated : 2013.05.09 10:07

Enron's Skilling could see 10-year sentence cut

Convicted ex-Enron Corp. CEO Jeffrey Skilling's more than 24-year prison sentence for his role in the once mighty energy giant's collapse could be reduced by as many as 10 years if a federal judge ap...

Updated : 2013.05.09 09:54

Japan pulls back on denials of WWII sex slavery

Japan has acknowledged that it conducted only a limited investigation before claiming there was no official evidence that its imperial troops coerced Asian women into sexual slavery before and during...

Updated : 2013.05.09 09:48