Japanese scholars slam Tokyo on history

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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

Dow average gains, holds on to 15,000 level

The Dow Jones industrial average rose, closing above 15,000 for a second day after breaching the landmark level for the first time Tuesday. On Wednesday, a day without any major economic releases, i...

Updated : 2013.05.09 09:47

Toyota profit more than doubles

TOKYO (AP) ― Toyota’s quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add momentum to the automaker’s comeback. To...

Updated : 2013.05.08 20:27

China records $18.2b trade surplus in April

BEIJING (AFP) ― China recorded an $18.2 billion trade surplus in April, China Customs authorities said Wednesday, ahead of expectations and reversing a rare deficit in March. April imports to the w...

Updated : 2013.05.08 20:27

New stock market milestone: Dow 15,000

Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average punched through another milestone Tuesday, closing above 15,000 for the first time....

Updated : 2013.05.08 09:14

Wal-Mart takes back top spot in Fortune 500

Customers exit a Wal-Mart in American Canyon, California. (Bloomberg) NEW YORK (AP) ― Wal-Mart Stores Inc. once again leads Fortune’s list of the 500 biggest U.S. companies by revenue, as the worl...

Updated : 2013.05.07 20:26

Senate approves online sales tax

WASHINGTON (AP) ― The Senate sided with traditional retailers and financially strapped state and local governments Monday by passing a bill that would widely subject online shopping ― for many a la...

Updated : 2013.05.07 20:23

Adidas: Asia laborers can file complaints by SMS

BERLIN (AP) ― German sports gear maker Adidas says it is encouraging workers in factories of its Asian suppliers to anonymously share possible grievances directly with the company via text message. ...

Updated : 2013.05.07 20:22

China names yuan convertibility plan among goals

China will this year put forward a plan for allowing yuan capital-account convertibility as part of measures to loosen control over its currency and interest rates, the nation’s cabinet said. The yu...

Updated : 2013.05.06 22:09

Ford sees Thai eco vehicles as gateway to Southeast Asia

Ford Motor Co.’s factories in Thailand are capable of producing eight times more vehicles than it sells. With help from a Thai government program, the automaker plans to make sure the excess capacit...

Updated : 2013.05.06 20:07

Obama to hit road on economic plans

WASHINGTON (AP) ― Immigration, guns and national security are dominating the discussion on Capitol Hill, but Americans by and large are still focused on their bottom line. So President Barack Obama i...

Updated : 2013.05.06 20:06

U.S. billionaire Buffett optimistic on stocks

WASHINGTON (AFP) ― Billionaire Warren Buffett is praising the policies of both President Barack Obama and his predecessor George W. Bush for moving the U.S. economy in the right direction. U.S. sto...

Updated : 2013.05.06 20:06