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Anxiety in the air as Davos World Economic Forum kicks off

DAVOS, Switzerland (AP) -- A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence ...

Updated : 2016.01.20 22:04

Oil dives to fresh 12-year low under $28

LONDON (AFP) - Oil plunged to fresh 12-year lows under $28 on Wednesday, slammed by gloomy economic forecasts, China‘s slowdown and abundant crude supplies. In morning deals, US benchmark West Texa...

Updated : 2016.01.20 22:00

Renault recalls vehicles over failed emissions test

Renault is recalling thousands of new vehicles to make engine tweaks, the government said Tuesday, as the French carmaker grapples with emission levels found to exceed anti-pollution norms in some of...

Updated : 2016.01.19 20:54

Global anxiety rises as China growth falls

China's economic growth slowed to a six-year low in the latest quarter as trade and consumer spending weakened, deepening a downturn that has fueled anxiety abroad over its impact on an uncertain glo...

Updated : 2016.01.19 20:28

China to take up half of global smartphone market

One out of 2 smartphones to be sold in the global market is expected to be made by Chinese companies, posing a serious threat to current market leaders Samsung Electronics and Apple, a report showed ...

Updated : 2016.01.17 13:35

China's Haier buying GE appliance unit for $5.4 billion

BEIJING -- Haier Group, the world’s biggest home appliance maker, is buying General Electric Co.‘s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition an...

Updated : 2016.01.15 21:02

Tokyo stocks plunge by break after Wall St dive

TOKYO (AFP) - Tokyo stocks plunged Thursday morning after a dive on Wall Street while a pick up in the yen took a bite out of exporters like Toyota and factory robotics giant Fanuc. The Japanese mar...

Updated : 2016.01.14 14:07

China's market turmoil: Worry, but don't panic

NEW YORK (AP) -- There's no reason for panic. Worry, yes, but not panic. That was the opinion of some U.S. investment strategists after another free-fall on China's main stock market reverberated ar...

Updated : 2016.01.08 13:50

Oil extends losses, nears $33 a barrel

SINGAPORE (AFP) - Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency. At 0230 GMT, US benchmark West Texas In...

Updated : 2016.01.07 12:12

Chinese stock markets closed after shares fall 7%

SHANGHAI (AFP) - China stock markets closed for the day less than half an hour after opening Thursday when shares fell more than seven percent, triggering an automatic "circuit breaker", after author...

Updated : 2016.01.07 12:05

Chinese stock markets closed after shares fall

Chinese stock markets closed after shares fall 7% SHANGHAI (AFP) -- Chinese authorities for the first time closed the Shanghai and Shenzhen stock exchanges early under a “circuit breaker” mechanis...

Updated : 2016.01.04 19:46

China manufacturing picks up but activity still shrinking: data

A gauge of Chinese factory activity ticked up slightly in December but continued to indicate contraction for a fifth straight month, official data showed Friday, underlining weakness in the world's s...

Updated : 2016.01.01 11:45

Sun King Li Sees $14.6 Billion Vanish Amid Wild Ride for Hanergy

This year’s wild ride for Hanergy Thin Film Power Group Ltd. ends with the solar equipment maker a shadow of its former self, about $14.6 billion in paper losses for its chairman, the departure of ke...

Updated : 2015.12.30 14:05

Four more years of cheap oil: OPEC

VIENNA (AFP) - The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesda...

Updated : 2015.12.24 13:59

Cordon Bleu culinary schools to close in U.S.

NEW YORK -- The Cordon Bleu culinary school will close its 16 campuses in the United States after failed attempts to find the right buyer, the company that operates the locations said. Created in 18...

Updated : 2015.12.18 21:22