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ANA tests modified Dreamliner

TOKYO (AFP) ― A modified Dreamliner took to the skies over Tokyo on Sunday with top Boeing and ANA executives aboard, as the planemaker and its leading client sought to reassure passengers the jetli...

Updated : 2013.04.28 20:35

U.S. economy accelerates 2.5% in Q1

WASHINGTON (AP) ― Americans shrugged off higher taxes to lift the U.S. economy at the start of the year. Government spending fell, though, and the impact of the tax increases along with federal budge...

Updated : 2013.04.28 20:34

Spain begs time to fix finances, eyes growth

MADRID (AFP) ― Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union’s target for reining in its public deficit. It announc...

Updated : 2013.04.28 20:34

Air traffic returning to normal

NEW YORK (AP) ― The Federal Aviation Administration said that the U.S. air traffic system will resume normal operations by Sunday evening after lawmakers rushed a bill through Congress allowing the a...

Updated : 2013.04.28 20:34

Honda's quarterly profit rises despite China woes

Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China. Honda Motor Co. reporte...

Updated : 2013.04.26 22:26

Below-par U.S. growth keeps the pressure on markets

The mood in financial markets remained subdued Friday after a surprisingly big fall in Japanese consumer prices and lower than expected first-quarter U.S. economic growth. The news that the U.S. eco...

Updated : 2013.04.26 22:24

Bank of Japan boosts economy, inflation view

TOKYO (AFP) ― The Bank of Japan on Friday boosted its inflation and economic growth projections for the world’s third-largest economy as it eyes an end to years of deflation. The semi-annual repor...

Updated : 2013.04.26 20:43

FAA says Boeing 787 can fly

WASHINGTON (AFP) ― The U.S. Federal Aviation Administration issued formal approval of Boeing’s 787 battery fix that will clear the way for the troubled aircraft to fly again after a three-month gro...

Updated : 2013.04.26 20:43

Japan’s Nakao elected ADB president

Takehiko Nakao. (Bloomberg) MANILA (AFP) ― Takehiko Nakao, a former Japan vice minister for finance, has been elected president of Asian Development Bank, the Philippines-based lender announced Fri...

Updated : 2013.04.26 20:18

Boeing: Cause of 787 battery fires remains mystery

A Boeing engineer said Thursday that the cause of the battery problems that have grounded the company's 787 Dreamliners may never be known. The engineering leader for the 787, Richard J. Horigan, sa...

Updated : 2013.04.26 09:49

European recession hits carmakers

FRANKFURT (AP) ― Europe’s stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the industry began reporting earning...

Updated : 2013.04.25 20:53

RBA to invest foreign currency reserves in China

Australia’s central bank plans to invest about 5 percent of its foreign currency reserves in China as it deepens ties with the world’s second-largest economy, Deputy Governor Philip Lowe said. The...

Updated : 2013.04.25 20:52

Redesigned $100 bill ready by October: Fed

WASHINGTON (AP) ― The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. The Fed has set a new target...

Updated : 2013.04.25 20:52

White House open to flexibility in FAA cuts

WASHINGTON (AP) ― Under growing pressure, the Obama administration signaled Wednesday it might accept legislation eliminating Federal Aviation Administration furloughs blamed for lengthy delays affec...

Updated : 2013.04.25 20:52

Predictions of ECB rate cut grow

FRANKFURT (AP) ― Evidence that Europe’s economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the European Central Bank will cut inte...

Updated : 2013.04.25 20:51