President says will be no tax hike for low-income firms, people

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China reserves edge below $3 tril. as yuan pressure rises

China’s foreign-currency reserves edged just below $3 trillion in January, falling to the lowest since early 2011 after the yuan capped its steepest annual decline in two decades. Reserves decreased...

Updated : 2017.02.07 18:23

Sony halves forecast as yen, movie unit hammer profit

TOKYO(AFP) -- Sony on Thursday halved its full-year profit forecast as it was battered by a near $1 billion writedown on its movie unit while a strong yen also dug into the Japanese firm's bottom lin...

Updated : 2017.02.02 21:00

Global shares fall on uncertainty over US immigration flap

Shares fell in Europe and Asia on Monday, rattled by weak data and the potential impact of President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. KEEPI...

Updated : 2017.01.30 19:06

750,000 still living under militant rule in Iraq's Mosul: UN

BAGHDAD (AP) -- The U.N. and several aid organizations said Tuesday that an estimated 750,000 civilians are still living under Islamic State rule in the western part of Mosul, the next target of a U....

Updated : 2017.01.24 19:44

'Court ruling will not change Brexit timetable'

LONDON (AFP) -- Britain still intends to start talks on leaving the European Union by the end of March, despite a Supreme Court ruling that the government must first obtain parliamentary approval, Do...

Updated : 2017.01.24 19:39

Trump moves to pull US out of big Asia trade deal

Charting a new American course abroad, President Donald Trump withdrew the United States from the sweeping Trans-Pacific Partnership on Monday, using one of his first actions in office to reject a ce...

Updated : 2017.01.24 09:50

Xiaomi's Barra quits China for Silicon Valley

BEIJING (AFP) -- Hugo Barra, who caused a sensation in 2013 by leaving Google to become a vice president of Chinese smartphone maker Xiaomi, announced Monday he was returning to the United States for...

Updated : 2017.01.23 22:04

Economic inequality top global risk: WEF

GENEVA (AFP) -- Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, th...

Updated : 2017.01.11 19:57

China forex reserves fall by $320b in 2016

The headquarters of the People’s Bank of China in Beijing. (AFP) BEIJING – China’s foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to s...

Updated : 2017.01.08 18:45

Trumponomics gets the thumbs down from Nobel-winning economists

A pack of Nobel Prize-winning economists gave Donald Trump and his policy plans the thumbs-down on Friday, with one saying the president-elect’s programs could lead to a deep recession. Speaking on ...

Updated : 2017.01.07 14:16

Apple CEO Tim Cook's pay slumps along with iPhone sales

SAN FRANCISCO (AP) -- Apple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut. Cook still did extremely well, with a compensation package valued a...

Updated : 2017.01.07 14:12

SpaceX ready to launch again

WASHINGTON (AFP) - SpaceX says it has determined the cause of a launchpad explosion that destroyed a satellite in September and is ready to start launches again as early as Sunday. An unmanned Spac...

Updated : 2017.01.03 21:42

China stockmarkets among world's worst in 2016

SHANGHAI (AFP) -- China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the world this ...

Updated : 2016.12.30 18:25

Apple appeals landmark EU tax ruling

BRUSSELS -- Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law. The European Com...

Updated : 2016.12.19 21:00

S. Korea starts 2nd round of FTA talks with Israel

South Korea has started the second round of free trade talks to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said Sunday. The FTA talks that started in Jerus...

Updated : 2016.12.11 14:39