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China starts anti-dumping probe into electrical steel imports

China's commerce ministry said Thursday that it has started an anti-dumping investigation into imports of grain-oriented electrical steel from South Korea, Japan and the European Union.   The Chinese authorities will investigate whether the imports of grain-oriented flat-rolled electrica...

Updated : 2015.07.23 13:49

[Newsmaker] Apple under pressure even after record profit

Apple Inc., after posting its best fiscal third-quarter profit ever, is facing fresh questions over whether it can keep making hit products.An attendee takes a photograph with an iPhone of the Apple W...

Updated : 2015.07.22 18:28

Greek bailout moves ahead after Germany gives its backing

The bailout of Greece cleared some further key hurdles Friday after German lawmakers overwhelmingly gave their backing to another financial rescue and the European Union said it would release an inter...

Updated : 2015.07.18 11:04

EU leaders reach Greek bailout deal

EU President Donald Tusk said Monday that eurozone leaders had reached a unanimous deal to offer Greece a third bailout and keep it in the euro after 17 hours of marathon talks. “EuroSummit has unan...

Updated : 2015.07.13 17:22

Greece vows pension, tax reforms in return for loan

ATHENS (AFP) - Greece on Wednesday promised it would start pension and tax reforms next week, as demanded by creditors, in return for a three-year eurozone loan to drag its financial system back from the brink of collapse."We propose to immediately implement a set of measures as early as t...

Updated : 2015.07.08 21:35

Asian stocks sink on China sell-off

HONG KONG (AFP) ― Asian equities tumbled Wednesday as a collapse in Chinese shares began to contaminate other markets, and after European leaders slapped Greece with a deadline to submit fresh bailou...

Updated : 2015.07.08 21:07

[Newsmaker] Greece’s discreet new finance minister

ATHENS ― Greece’s new finance minister Euclid Tsakalotos is as discreet and tight-lipped as his predecessor Yanis Varoufakis was flamboyant and confrontational. Tsakalotos, a 55-year-old leftist e...

Updated : 2015.07.07 23:32

EU summit should discuss humanitarian aid for Greece: Germany

BERLIN (AFP) -- Eurozone leaders gathering for an emergency summit Tuesday should discuss humanitarian aid for the debt-mired country, German Economy Minister Sigmar Gabriel said."We must now cover their needs very quickly, the people there need help and we should not refuse it just becaus...

Updated : 2015.07.06 23:25

All eyes on ECB after Greek 'No' vote

FRANKFURT (AFP) -- All eyes turned to the European Central Bank Monday following the resounding 'No' in Greece's referendum, as it is seen as the only institution capable of stemming market panic and preventing the Greek economy from collapsing.In Sunday's referendum, more than 61 percent ...

Updated : 2015.07.06 23:24

Merkel says unaware of new EU proposal on Greece

BERLIN (AFP) - German Chancellor Angela Merkel said Tuesday she was not aware of any new EU debt deal proposal to Greece after European Commission chief Jean-Claude Juncker raised the prospect of a last-minute solution.Asked about an 11th-hour offer to Athens, Merkel told reporters: "The o...

Updated : 2015.06.30 22:17

Greece to miss IMF debt payment and bailout to expire

ATHENS (AP) - Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals.Greece owes the IMF about 1.6 billion e...

Updated : 2015.06.30 21:46

EU leaders urge Greeks to vote 'yes' to stay in euro as default nears

European leaders Monday pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro as bank closures left many in Greece scrambling to find cash....

Updated : 2015.06.30 09:47

EU to make latest proposals on Greek crisis on Monday

The president of the European Commission will make his latest proposals later on Monday to try to avoid a Greek default, the EU commissioner of economic affairs said, adding that there was still room to negotiate over the crisis.  Jean-Claude Juncker "will indicate the route to follow, I...

Updated : 2015.06.29 15:43

57 countries hold signing ceremony to set up China-led bank

The 57 countries who are founding members of the China-led Asian Infrastructure Investment Bank began signing the articles of association setting up the new institution on Monday.  Australia became the first country to sign the document in the Great Hall of the People in Beijing, an AFP ...

Updated : 2015.06.29 13:27

Greek banks shut until July 6, ATM withdrawal limit 60 euros a day

Greek banks will remain closed until July 6 -- the day after a referendum on bailout proposals -- and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.  The decree on capital controls, published in the offi...

Updated : 2015.06.29 10:38