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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

ECB could cut rates further: Weidmann

FRANKFURT (AFP) ― The European Central Bank could cut interest rates if new information warranted such a move, but may not actually prove very effective, ECB council member Jens Weidmann said in an ...

Updated : 2013.04.18 20:09

Chinese bank ICBC now world’s biggest

Chinese bank ICBC knocked U.S. oil giant ExxonMobil from its perch as the world’s biggest public company Wednesday, ranking number-one for the first time on the Forbes Global 2000 list. Underscorin...

Updated : 2013.04.18 20:09

U.S. keeps up pressure on G20

U.S. Treasury Secretary Jacob Lew urged Group of 20 officials to maintain a pledge to refrain from influencing exchange rates at the expense of other countries, saying Japan’s recent policies align ...

Updated : 2013.04.18 20:08

Japan logs $3.7 billion trade deficit in March

Japan's trade deficit more than quadrupled on year to $3.7 billion in March, government data showed Thursday, as a weaker yen inflated import costs. The monthly trade deficit expanded to 362.4 billi...

Updated : 2013.04.18 09:16

Tesco confirms it is pulling out of U.S.

Supermarket giant Tesco on Wednesday took 1.2 billion pounds ($1.8 billion) hit from its failed U.S. division Fresh & Easy, sparking the first drop in annual profits in almost two decades, and confir...

Updated : 2013.04.17 20:33

Toyota’s hybrid vehicle sales pass 5 million

TOKYO (AP) ― Toyota’s global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism. The Japanese automaker,...

Updated : 2013.04.17 20:33