Japan ex-wrestler wages 'sports diplomacy' in N. Korea

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Tesla, Chinese firm plan 400 charging stations

Tesla Motors and a state-owned Chinese phone carrier announced plans Friday to build 400 charging stations for electric cars in a new bid to promote popular adoption of the technology in China.Plans call for China Unicom Ltd. to provide space for construction and basic services in 120 citi...

Updated : 2014.08.29 18:36

Malaysia Airlines loss nearly doubles on MH370 impact

KUALA LUMPUR, Malaysia, 2014 (AFP) - Crisis-stricken Malaysia Airlines said Thursday its second-quarter loss nearly doubled as the loss of flight MH370 spurred a decline in bookings, warning the red ink would accelerate as the year wears on.The flag carrier said it posted a 305.7 million r...

Updated : 2014.08.28 21:46

[Newsmaker] IMF chief faces French corruption probe

PARIS (AP) ― Christine Lagarde, the chief of the International Monetary Fund, was put under official investigation for negligence in a French corruption probe that dates back to her days as France’s...

Updated : 2014.08.28 20:46

[Newsmaker] Burger King merger fans tax dispute

NEW YORK (AFP) ― Burger King is buying Canada’s Tim Hortons coffee-and-donuts chain in an $11 billion deal that raised concerns about another U.S. company moving abroad for tax advantages.Burger Kin...

Updated : 2014.08.27 21:05

[Graphic News] Half of criminals who fled overseas still at large

More than half of criminal suspects who fled Korea to escape punishment are still at large, according to a Justice Ministry report released by Rep. Lee Sang-min of the main opposition New Politics All...

Updated : 2014.08.27 21:03

S&P 500 touches another milestone

The U.S. stock market notched another first on Monday as the Standard & Poor’s 500 index nudged briefly past the 2,000-point mark and closed with its second record high in a week.The move was the lat...

Updated : 2014.08.26 20:46

Israel manufacturers urge EU against trade boycott

JERUSALEM (AFP) ― The head of Israel’s manufacturers’ association has urged his European counterparts not to boycott Israeli businesses, warning that such a move could hit Palestinians as well, in a letter seen Monday.The open letter to European industry leaders comes a week before Isra...

Updated : 2014.08.26 20:46

Zimbabwe central bank calls for change

HARARE (AFP) ― Foreign investment in Zimbabwe more than halved in the first six months of the year, the central bank chief said Monday, calling for the country to “fight the negative perception” th...

Updated : 2014.08.26 20:45

Roche to buy U.S. biotech firm InterMune for $8.3b

BERLIN (AP) ― Swiss pharmaceutical company Roche said Sunday it has reached an $8.3 billion deal to buy InterMune Inc., a California-based developer of treatments for lung diseases.The companies have reached an agreement under which Roche will acquire InterMune in an all-cash transaction,...

Updated : 2014.08.25 21:01

‘Modi effect’ gets Delhi working, but reforms prove elusive

NEW DELHI (AFP) ― Prime Minister Narendra Modi has shaken up India’s ruling elite in his first 100 days since taking power, but has so far struggled to deliver the bold reforms needed to kick-start ...

Updated : 2014.08.25 21:01

Tax fraud drains potential from Romanian economy

BUCHAREST (AFP) ― Tax evasion is eating away at the heart of Romania and holding back the country, among the poorest in the European Union, in its efforts to catch up, analysts warn.The estimates for the costs of the so-called black or undeclared economy are huge: about one quarter of eco...

Updated : 2014.08.25 20:59

‘Argentina broke global trade rules’

GENEVA (AFP) ― Argentina broke global trade rules by imposing a raft of hurdles for goods sold by partners including United States, the EU and Japan, a WTO disputes panel ruled on Friday.In the rulin...

Updated : 2014.08.24 20:17

Yellen signals uncertainty about a rate increase

JACKSON HOLE, Wyoming (AP) ― If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:The picture is still hazy....

Updated : 2014.08.24 20:16

Goldman in $1.2b deal over U.S. bond claims

WASHINGTON (AP) ― Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, whic...

Updated : 2014.08.24 20:16

Argentina to pay creditors in Buenos Aires

BUENOS AIRES (AFP) ― Argentina said Wednesday it will pay all its creditors in Buenos Aires, seeking to circumvent a U.S. court order barring it from repaying the debt it restructured after its 2001 ...

Updated : 2014.08.21 20:26