[From the scene] South Koreans celebrate Park’s impeachment in rally

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Eurozone inflation at highest level since April 2014

BRUSSELS (AFP) -- Eurozone inflation rose to a two-and-a-half-year high in November as Europe inched away from very low consumer prices that have threatened an already fragile economic recovery.The level matched forecasts by analysts and will come as a relief to the European Central Bank w...

Updated : 2016.11.30 21:40

OPEC closer to deal to cut oil output, sparking price rally

VIENNA (AP) -- With Saudi Arabia declaring a "critical day" for OPEC, oil ministers of the cartel moved closer Wednesday to end infighting and reach an agreement to cut output for the first time in eight years.The price of oil rallied as chances grew that the 14-nation group will agree on ...

Updated : 2016.11.30 21:21

ECB Warns of Market Correction as Political Instability Spreads

FRANKFURT (Bloomberg) -- The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth.“More volatility in the near future is likely and the potentia...

Updated : 2016.11.24 20:22

ADB head says continued engagement in Asia good also for US

MANILA (AP) -- Continued engagement by the United States with Asia under President-elect Donald Trump would be good for both the region and America, the head of the Asian Development Bank said Thursday.Takehiko Nakao, who began his second term as president of the Manila-based development ...

Updated : 2016.11.24 20:08

Time magazine picks 100 most influential photos of all time

A single drop of milk. A newborn baby. The ravages of war and terrorism. The defiance of those who protest and the fear of those entrapped.      All are included in a multimedia project featuring Time magazine's most influential images of all time, released Thursday through a new book,...

Updated : 2016.11.17 21:45

May lays groundwork for post-Brexit India trade deal

NEW DELHI (AFP) - Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's faste...

Updated : 2016.11.07 21:01

OPEC chief says oil cooperation with non-members 'vital'

ABU DHABI (AFP) - Coordination between members of oil-exporting cartel OPEC and non-member producers is "vital" to rebalance the market, OPEC chief Mohammad Barkindo said Monday. Former OPEC Secretary...

Updated : 2016.11.07 20:50

GE, Baker Hughes create powerful new player in energy sector

General Electric and Baker Hughes are joining their oil and gas businesses to create a powerful player in an energy sector buffeted by years of weak prices. The deal could give the new company, which will be called the ``New'' Baker Hughes, more leverage both in technology, and with oil dr...

Updated : 2016.10.31 20:44

[Newsmaker] Tesla surprises with quarterly profit

Electric car maker Tesla Motors posted its first quarterly profit in three years on Wednesday, giving investors reason to cheer after months of doubt.Tesla's shares have fallen since the summer as som...

Updated : 2016.10.27 17:15

[Graphic News] Financial fallout from Note 7 debacle

Samsung will ship 310 million smartphones this year, down from a forecast of 316 million units, according to new data from research firm TrendForce. Customers will, in turn, move in part to Apple’s i...

Updated : 2016.10.17 18:15

Amazon launches full on-demand music streaming service in US

NEW YORK (AFP) -- Online giant Amazon launched an expanded on-demand music streaming service in the US Wednesday, taking on the likes of Spotify and Apple Music with a cut-price offer for users of its Echo speakers.Amazon Music Unlimited will offer "tens of millions of songs" to subscriber...

Updated : 2016.10.12 22:05

Sony tapping virtual reality with PlayStation headset

TOKYO (AFP) -- Sony is set to launch its new virtual reality headset, joining Facebook, Samsung and Google in a market that analysts say could boost the global gaming sector.The electronics giant -- which has been leaning on its videogames business to claw back to profitability -- will sta...

Updated : 2016.10.12 22:03

[Graphic News] IMF holds Korea’s growth outlook steady at 2.7% for 2016

The International Monetary Fund kept its economic growth forecast for South Korea this year and next year unchanged in its latest quarterly economic outlook, the Finance Ministry said Tuesday.The agen...

Updated : 2016.10.05 18:21

US economy grew at 1.4 percent rate in spring

The US economy expanded at a slightly faster pace in the spring than previously reported, aided by new-found strength in business construction.The Commerce Department said Thursday the gross domestic product, the broadest measure of the economy, expanded at an annual pace of 1.4 percent in...

Updated : 2016.09.29 22:04

[Newsmaker] Musk an innovator wary of humanity’s future

If the future is an array of possibilities ranging from catastrophic to divine, Elon Musk is working to increase the probability of good things happening.Musk has become one of the United States’ bes...

Updated : 2016.09.29 19:35