Korea slams Abe’s defense of shrine visit

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OECD backs Japan deflation fight

TOKYO (AFP) ― The Organization for Economic Co-operation and Development on Tuesday backed Japan’s bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile...

Updated : 2013.04.23 20:08

Flight delays pile up amid budget cuts

NEW YORK (AP) ― Flight delays piled up across the country Monday as thousands of air traffic controllers began taking unpaid days off because of federal budget cuts, providing the most visible impac...

Updated : 2013.04.23 20:08

Mercedes-Benz pushes reset button on China after sales drive falters

Daimler AG’s Mercedes-Benz is accelerating its dealer expansion in China and streamlining sales to fix past missteps that have contributed to a growing gap with Bayerische Motoren Werke AG and Audi ...

Updated : 2013.04.22 19:58

Fed’s Bernanke to miss Jackson Hole symposium

Federal Reserve Chairman Ben Bernanke will not attend the central bank’s marquee conference in Jackson Hole, Wyoming, this year because of a personal scheduling conflict, a Fed spokeswoman said. Th...

Updated : 2013.04.22 19:57

Seniors find happiness in a corner of Korea

Bright spring sunshine filtered through the windows to light up the faces of elderly men and women as they moved and twirled in a ballroom dance hall. With arms waving, hips swinging and some missing...

Updated : 2013.04.21 20:47

U.S. OKs resumption of Boeing 787 flights

WASHINGTON (AP) ― Boeing’s beleaguered 787 could be flying again within a week after federal officials approved a fix for its batteries, even though the root cause of a fire on one plane and smoke ...

Updated : 2013.04.21 20:44

Japan wins spot in mega trade pact

Delegates pose for a group photo after the opening ceremony of the APEC trade ministers’ meeting in eastern Java’s Surabaya, Indonesia, Saturday. (Xinhua-Yonhap News) SURABAYA, Indonesia (AFP) ― ...

Updated : 2013.04.21 20:44

Cyprus to open casinos to restart economy

NICOSIA, Cyprus (AP) ― Cyprus’ president said Friday that the bailed-out country will open casinos and bolster its tourism sector to get the economy going again. Nicos Anastasiades unveiled a firs...

Updated : 2013.04.21 20:43

Fitch strips Britain of top rating

LONDON (AFP) ― Fitch on Friday stripped recession-threatened Britain of its top “AAA” rating, moving it down one notch to “AA+” as a weaker economic outlook continues to push up the country’s d...

Updated : 2013.04.21 20:43

World leaders issue sober assessment

WASHINGTON (AP) ― World finance leaders issued a somber assessment on Saturday of the global economy, saying the recovery remains uneven with growth and jobs in short supply. The steering committee...

Updated : 2013.04.21 20:43

U.K. inflation outlook slumps as growth wanes, gilt yields show

U.K. inflation expectations tumbled to the lowest in almost four months this week as energy prices fell and government reports signaled growth is slowing, gilt yields show. The so-called 10-year bre...

Updated : 2013.04.20 16:17

Weak global economy key worry

WASHINGTON (AFP) ― Advanced and developing countries alike voiced worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity as the IMF and World Bank spring ...

Updated : 2013.04.19 20:58

Microsoft beats Street, readies new mobile devices

Microsoft is working with manufacturers to produce a line of small touch-screen devices powered by Windows, apparently intended to compete with tablets like the iPad Mini and Amazon Kindle Fire. Pet...

Updated : 2013.04.19 10:32

France wants audiovisual excluded from EU-US free trade talks

France will not support the opening of EU-US free trade talks if audiovisual content is not excluded from the negotiations, French trade minister Nicole Bricq warned Thursday. The European Union and...

Updated : 2013.04.19 10:23

U.S. growth at ‘moderate’ pace: Fed Beige Book

The U.S. Federal Reserve building in Washington, D.C. (Bloomberg) WASHINGTON (AFP) ― The Federal Reserve slightly upgraded its view of the U.S. economy Wednesday, its Beige Book report on regional ...

Updated : 2013.04.18 20:10