Opposition party seeks to impeach home affairs minister

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China probing brokers, regulators for possible stock crimes

Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they...

Updated : 2015.08.26 21:17

China said to halt stock support amid intervention debate

China’s decision to halt intervention in the stock market this week reflects a debate at the heart of the country’s leadership on the role of markets in the world’s second-largest economy.Authorities have refrained from intervening so far this week as the Shanghai Composite Index tumble...

Updated : 2015.08.25 21:49

China cuts interest rates in new bid to spur economy

BEIJING (AP) -- China cut interest rates Tuesday for a fifth time in nine months in a new effort to shore up slowing economic growth.The benchmark rate for a one-year loan will be cut by 0.25 percentage point to 4.6 percent and the one-year rate for deposits will fall by a similar margin ...

Updated : 2015.08.25 21:02

Market rout deepens in Asia as stocks slide to a two-year low

Stocks plunged across Asia and U.S. index futures signaled more losses as the selloff in commodities deepened, sending South Africa’s currency toward its biggest drop in two years. The cost of insuri...

Updated : 2015.08.24 11:47

Japan's economy contracts in April-June quarter

Japan's recovery stalled in the April-June quarter, with the world's third-largest economy contracting at a 1.6 percent annual pace thanks to feeble consumer and corporate demand and slowing exports.   The dismal data reported Monday was expected, based on earlier reported figures, but i...

Updated : 2015.08.17 20:46

Greek lawmakers back 3rd bailout after all-night debate

Greek lawmakers approved their country's draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent.The vote came after a marathon all-night session marked by procedural delays and acrimonious debat...

Updated : 2015.08.14 16:29

China fixes yuan stronger vs dollar, reversing falls

China's central bank on Friday raised the yuan currency against the US dollar by 0.05%, the national foreign exchange market said, ending three days of falls after a surprise devaluation.The daily reference rate was set at 6.3975 yuan to $1.0, up from 6.4010 the previous day, the China For...

Updated : 2015.08.14 11:05

[Newsmaker] Google turns a page with Alphabet

WASHINGTON (AFP) -- The surprise reorganization of Google under newly formed parent Alphabet gives the tech giant the ability to focus on its core business, while offering startup-like flexibility to ...

Updated : 2015.08.12 19:03

OPEC raises 2015 oil demand forecast despite bearish markets

VIENNA (AFP) -- OPEC on Tuesday revised upward its growth forecast for global oil demand in 2015 and maintained projected record levels of world consumption next year, despite turbulent market conditions spurred by financial instability in Greece and China.In its August monthly report, the...

Updated : 2015.08.11 22:22

Greece agrees on broad terms of new bailout package

ATHENS (AP) -- Greece has agreed on the broad terms of a new three-year bailout package with international creditors, with a few last details expected to be ironed out Tuesday.Finalizing quickly the deal for about 85 billion euros ($93 billion) in new loans would prevent the country from d...

Updated : 2015.08.11 22:19

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