S. Korea urges N. Korea to free two arrested nationals

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Pace of Fed rate hike more important than timing: BOK chief

Bank of Korea Gov. Lee Ju-yeol on Friday said the pace of the U.S. Federal Reserve's rate hike would be of bigger interest than its timing as the move is unlikely to be a one-off.  "While the timing of the rate hike is important, there is much more attention on the pace of the rate hike ...

Updated : 2015.03.20 09:14

Lagarde warns emerging economies to prepare for U.S. rate rise

Emerging markets must prepare for the impact of U.S. interest rate rises, whose timing could surprise markets, International Monetary Fund chief Christine Lagarde warned in India on Tuesday.Speaking alongside India's central bank governor Raghuram Rajan, Lagarde said the so-called "taper t...

Updated : 2015.03.17 21:52

Gulf corporate earnings up 10% in 2014: report

Corporate earnings in the energy-rich Gulf states rose 10 percent last year, for the first time surpassing their highest level before the global financial crisis, a report said on Tuesday.Net profits of the 658 listed companies on the seven bourses of the Gulf Cooperation Council states re...

Updated : 2015.03.17 21:27

Twitter opens new office in Hong Kong

HONG KONG (AFP) – It may be banned in mainland China, but Twitter has launched an office in Hong Kong to help Chinese businesses reach international markets.The San Francisco-based service, which has served as a platform for dissent and free speech, wants to tap into booming growth in Gre...

Updated : 2015.03.11 19:51

EU nations get deal on rules for investment fund

The European Union on Tuesday took a major step toward a 315 billion euros ($356 billion) investment plan to encourage the private sector to launch higher risk projects like broadband and energy networks.EU finance ministers reached agreement on the so-called European Fund for Strategic In...

Updated : 2015.03.10 21:39

[Newsmaker] Apple Watch to include array of features

SAN FRANCISCO ― Apple launched an assault on the fledgling wearable tech market Monday, unveiling a high-end smartwatch that offers new ways to stay connected and to track health and fitness.The Appl...

Updated : 2015.03.10 19:39

China February trade surplus hits record $60.6 bn: govt

China's monthly trade surplus hit $60.6 billion in February, the government said Sunday, a new record for the world's second-largest economy.Exports leapt 48.3 percent year-on-year to $169.2 billion while imports fell 20.5 percent to $108.6 billion, Customs said on its website. The country...

Updated : 2015.03.09 09:14

Automakers vow not to give up on weak-selling electrics

Top automakers are vowing to press ahead with weak-selling electric vehicles and zero-emissions technology _ even as they unveil powerful, expensive luxury cars aimed at a growing global automarket.At the Geneva International Motor Show, BMW AG CEO Norbert Reithofer said Tuesday his compan...

Updated : 2015.03.03 20:59

South Korea pushes ahead on oil pipe dispute with U.S.

GENEVA (AFP) -- South Korea has pushed forward with its complaint against the United States over anti-dumping tariffs on steel pipes used by the oil industry, the World Trade Organization said Tuesday.Seoul requested consultations with Washington over the matter in December, but South Kore...

Updated : 2015.02.24 21:11

Apple wants to start producing cars as soon as 2020

Apple, which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe -- automakers typically spend five to seven years developing a car -- underscores the project’s aggress...

Updated : 2015.02.20 15:50

Greece drops key bailout demands, but Germany still objects

 Greece heads to another round of negotiations Friday after dropping key demands for a bailout settlement, but still faced stiff opposition from lead lender Germany, which criticized Athens' latest p...

Updated : 2015.02.20 11:12

Greek euro exit risk increases with EU ultimatum on support

Greece edged closer to a euro exit after the currency region’s finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program. After three weeks of sparring since Prime Minister Alexis Tsipras’s el...

Updated : 2015.02.17 20:23

Greece, eurozone thrash out high-stakes debt rescue changes

Greece goes into talks with its eurozone partners Monday demanding changes to a massive international bailout which could lead to its exit from the single currency bloc and into the unknown.In the worst case scenario, a chaotic "Grexit" could jeopardize the whole euro project but analysts ...

Updated : 2015.02.16 12:07

G20 ‘determined’ to lift growth but rifts remain

ISTANBUL (AFP) ― The world’s top 20 economies on Tuesday expressed determination to raise global growth but struggled to overcome divisions over the most suitable methods and how best to resolve the Greek debt crisis.G20 finance ministers and central bank chiefs meeting in Istanbul ackno...

Updated : 2015.02.11 20:03

China’s inflation falls to 5-year-low

BEIJING (AFP) ― China’s inflation plunged to 0.8 percent in January, its lowest level for more than five years, official data showed Tuesday, fuelling fears the world’s second-largest economy is on the brink of a deflationary spiral.The rise in the consumer price index was sharply down ...

Updated : 2015.02.10 21:05