Korean candidate elected as ITU-T director

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Lew urges Germany to boost growth

WASHINGTON (AFP) ― U.S. Treasury Secretary Jacob Lew, in a meeting Wednesday with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone g...

Updated : 2014.10.23 20:46

Lloyds said to cut 9,000 jobs

Lloyds Banking Group Plc, Britain’s largest mortgage provider, will announce about 9,000 job cuts next week as its customers shift to online services from physical branches, a person with knowledge o...

Updated : 2014.10.23 20:46

Yahoo profit rises on Alibaba divestment

SAN FRANCISCO (AFP) ― Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba, and also saw improving results from its mobile Internet initiative...

Updated : 2014.10.22 19:41

Ukraine, Russia end gas talks without breakthrough

BRUSSELS (AP) ― Ukraine and Russia on Tuesday failed to get a decisive breakthrough in their standoff over gas supplies to Kiev and will resume European Union-sponsored talks next week. Russian President Vladimir Putin and his Ukraine counterpart Petro Poroshenko had agreed on a broad thr...

Updated : 2014.10.22 19:41

Shaky Japanese economy hit by growing trade deficit

TOKYO (AFP) ― Japan’s shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world’s number-three economy on track to log a record ...

Updated : 2014.10.22 19:41

EU fines JPMorgan over rate rigging

BRUSSELS (AFP) ― The European Commission fined U.S. banking giant JPMorgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates.JPMorgan ...

Updated : 2014.10.22 19:40

APEC chiefs meet amid global worries

BEIJING (AFP) ― The global economic recovery is beset by “downside risks,” China’s vice-premier told Asia-Pacific finance ministers Wednesday, a day after growth in the world’s second-largest eco...

Updated : 2014.10.22 19:40

New iPhones deliver big profits

SAN FRANCISCO (AFP) ― New big-screen iPhones helped propel Apple’s profit and revenue in the last quarter, as the California tech giant smashed earnings expectations.The company reported on Monday t...

Updated : 2014.10.21 20:28

China’s growth slowest in 5 years

BEIJING (AP) ― China’s economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese lea...

Updated : 2014.10.21 20:27

Fed’s Dudley warns banks must improve culture or be broken up

Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal R...

Updated : 2014.10.21 20:26

Germany, France to draw up investment plans

BERLIN (AP) ― Germany and France agreed Monday to draw up proposals by the beginning of December to boost investment as they try to come up with a strategy that will help shore up the European econom...

Updated : 2014.10.21 20:26

Russia inspecting more than 200 outlets: McDonald’s

Russian consumer-safety regulators are conducting inspections at more than 200 McDonald’s Corp. restaurants around the country. Russian courts have temporarily closed nine restaurants, the Oak Brook,...

Updated : 2014.10.20 20:50

IBM agrees to pay Globalfoundries $1.5b to take unit in retreat from chips

International Business Machines Corp. agreed to pay Globalfoundries Inc. $1.5 billion to take an unprofitable chip-manufacturing unit off its hands, according to two people with knowledge of the matter. IBM will also receive $200 million worth of assets, making the net value of the deal $1...

Updated : 2014.10.20 20:50

Japan unveils first jet in four decades

KOMAKI, Japan (AFP) ― The first passenger aircraft to be made in Japan in nearly four decades was unveiled Saturday as its manufacturer pushed into the booming regional jet sector with an eye to taki...

Updated : 2014.10.19 20:52

Fed chief says inequality near highest levels in 100 years

WASHINGTON (AFP) ― Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and is near the highest levels seen in 100 years.In a speec...

Updated : 2014.10.19 20:51